The Challenge
Muslim investors lacked a comprehensive Sharia-compliant investment platform, and many avoided stocks, commodities and currencies over Riba and Haram revenue concerns. Certification approaches tolerate a degree of non-compliance, there was no easy way to monitor holdings on an ongoing basis, and Zakat calculation was largely manual.
Investors staying out rather than risking non-compliance.
Certification standards allowing a margin of non-compliance.
Compliance checked at purchase, never after.
Per-asset calculation done by hand each year.
Approach & Solution
smartData built a React Native mobile app on a MERN backend delivering portfolio management, asset analytics and a built-in Zakat calculator. Automated compliance monitoring runs through APIs and scheduled jobs that continuously re-check each holding's Sharia status against certification standards rather than fixing it at purchase.
Zakat is calculated per asset according to intention — short-term trading treated differently from long-term investment — and asset screening filters by industry, market capitalisation and country. The experience is bilingual in English and Arabic with full right-to-left support.
Key Features
Holdings re-screened automatically, not once at purchase.
Trading and investment holdings calculated differently.
Filter by industry, market cap and country.
Full Arabic interface alongside English.
Product Showcase
Final Outcome
Investors can hold stocks, commodities and sukuk with compliance status monitored continuously and Zakat calculated per asset by intention, with in-app education explaining the reasoning behind each compliance result and Zakat figure.
