A note on data quality: most of Sanad's current Sukuk coverage carries a "data quality flag" under AAOIFI Standard 62 — meaning available filing data isn't yet sufficient to certify compliance either way, not that the instrument fails screening. A small number are flagged non-compliant outright. See each instrument's detail panel for the full reasoning and source.
A note on ETF verdicts: Sanad shows Halal Terminal's own screening of each fund's real underlying holdings — not a verdict computed by Sanad. Each fund's disposition (scholar-certified, contested, or flagged for insufficient data) reflects how confidently that verdict is sourced, not just a pass/fail.
A note on differing scholarly opinion: Sanad's crypto verdicts follow Mufti Faraz Adam's Crypto Shariah Screening Framework and Securities Commission Malaysia's Shariah Advisory Council, which screen individual coins on their own merits. Other qualified scholars and fatwa councils hold stricter views — notably Mufti Taqi Usmani, who ruled in a June 2026 fatwa (Darul Uloom Karachi, co-signed by five other scholars) that cryptocurrency does not qualify as māl (Shariah-recognized property) at all, and Indonesia's DSN-MUI (National Sharia Board), whose Fatwa No. 144/2021 holds that crypto used purely as a currency is impermissible due to gharar and maysir, while treating it as a commodity-asset may be conditionally permissible. Sanad shows credible, cited frameworks — not a religious consensus. Read the Usmani fatwa coverage ↗