How is halal stocks determined (DOCN)

[newcovenantheart]

Im somewhat confused, since DOCN is listed as non compliant on Zoya. But I have no idea how it is considered so, How can one go on about determining of certain stocks are non compliant or not. the main confusion here is DOCN is related to cloud computing and that field, so how is that considered non complaint? thanks!

 

[resjudicata]

@newcovenantheart They explain here how they determine shariah compliance

 

[manatus22]

@resjudicata Debt to market cap is 47.9% which is higher than 33%

 

[newwalkinchrist]

@newcovenantheart A lot of people try to adhere to AAOIFI standards when trading in stocks. when determining whether a stock is halal or not the first rule is that the main activity of the company must be halal.

as per this rule, if a company deliberately sells its products and/or services to non halal companies is it still halal to buy stocks of that company? For example, if a software company develops software and sells to all industries including riba based banks, are their main activity still halal?