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لا تقدم سنشري للاستشارات والتحليل المالي ش.ذ.م.م (سنشري) خدمات استشارية استثمارية أو خدمات إدارة المحافظ ولا تضمن العوائد الاستثمارية. كما أننا لا نقبل ولا ندفع بعملة مشفرة أو عملة رقمية. موقعنا الإلكتروني الرسمي هو www.century.ae. احذر من الشركات المحتالة أو المواقع الإلكترونية التي تتظاهر بأنها شركة سنشري. لسنا مسؤولين عن أي خسائر تنجم عن استخدام مواقع إلكترونية أو كيانات مزيفة. ينطوي التداول في الأسواق المالية على مخاطر خسارة كبيرة قد تفوق الودائع وربما لا يناسب جميع المستثمرين. قبل أن تبدأ، يُرجى التأكد من فهمك التام للمخاطر ذات الصلة.

Wednesday, March 20, 2024

Shariah-Compliant Stock

تم إعداد هذا المنشور من قبل سنشري للاستشارات

Shariah-Compliant Stock
Shariah-Compliant Stock

Sharia-compliant stocks adhere to Islamic principles and guidelines outlined in Sharia law. These principles prohibit investment in businesses involved in activities such as alcohol, gambling, tobacco, and certain financial services deemed unethical. Instead, Sharia-compliant stocks focus on industries such as healthcare, technology, and consumer goods that align with Islamic values. Investors seeking to adhere to Sharia law can utilize these stocks to build portfolios in accordance with their religious beliefs while participating in the global financial market.

Name  Islamic IdealRatings Sector *Last Price 52 Week Low 52 Week High Market Capitalization
($ Billion)
Analyst Target Price Total Analyst Recommendations Recommendation Consensus Beta Dividend Yield (%)
Buy Hold Sell
Microsoft Corp Y Software $415.28 $245.73 $420.82 $3,085.71 $463.74 62 5 0 4.82 1.11 0.72%
Alphabet Inc Y Interactive Media & Services $138.50 $89.42 $153.78 $1,728.81 $165.55 56 9 0 4.65 1.20 -
Meta Platforms Inc Y Interactive Media & Services $499.75 $174.82 $523.57 $1,274.51 $518.13 64 7 3 4.61 1.26 0.40%
Exxon Mobil Corp Y Oil, Gas & Consumable Fuels $108.32 $95.77 $120.70 $429.80 $123.96 15 13 0 4.07 0.65 3.51%
Procter & Gamble Co Y Household Products $161.93 $137.05 $162.62 $381.02 $169.11 20 9 1 4.27 0.59 2.32%
Salesforce Inc Y Software $306.62 $170.00 $318.72 $297.42 $332.69 41 13 1 4.42 1.56 0.52%
Chevron Corp Y Oil, Gas & Consumable Fuels $151.89 $139.62 $172.88 $282.10 $176.96 19 10 0 4.31 0.74 4.29%
Adobe Inc Y Software $579.14 $323.29 $638.25 $261.77 $651.76 32 9 2 4.42 1.70 -
Linde PLC Y Chemicals $471.47 $324.11 $473.98 $227.05 $466.41 26 6 3 4.34 0.77 1.18%
Abbott Laboratories Y Health Care Equipment  $120.76 $89.67 $121.64 $209.54 $124.86 18 6 1 4.36 0.70 1.82%
AstraZeneca PLC Y Pharmaceuticals $67.40 $60.47 $76.56 $208.97 $83.35 11 1 0 4.83 0.52 2.92%
Shell PLC Y Oil, Gas & Consumable Fuels $64.51 $52.47 $68.74 $207.91 $73.15 11 6 0 4.29 0.55 4.27%
ServiceNow Inc Y Software $789.56 $405.37 $815.32 $161.86 $840.83 37 4 1 4.69 1.64 -
Micron Technology Inc Y Semiconductors $97.42 $52.76 $101.85 $107.54 $102.83 31 4 2 4.51 1.20 0.47%
Mondelez International Inc Y Food Products $71.74 $60.75 $78.59 $96.60 $83.44 26 2 0 4.86 0.52 2.37%

*Last price as of 12th March 2024
Source: Bloomberg

Note:
The portfolio encompasses a diverse range of industries, providing investors with exposure to various sectors of the economy. This is an illustrative portfolio sample filtered using the Islamic Ideal Ratings criteria from Bloomberg. We believe to the best of our knowledge that the securities listed here are compliant with the principles of Sharia. The selection of the securities has not been recommended, reviewed or endorsed by any Sharia review board, please consult your financial advisor before trading in financial markets.

Risks and Assumptions for Back-tested trading strategies
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The risks and assumptions listed here are not intended to be an exhaustive summary of all the risks and assumptions involved.
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The strategy might suffer from look-ahead bias which occurs due to the use of information or data in a study or simulation that would not have been known or available during the period being analyzed. This can lead to inaccurate results in the study or simulation.
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Future price movements may not be exactly the same as the historical price movements and this could lead to variation in performance.
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Testing can sometimes lead to over-optimization. This is a condition where performance results are tuned so high to the past they are no longer as accurate in the future.
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The model assumes no slippages in trading. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.
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The back-tested strategy might be at risk of data dredging, which is the behavior of testing multiple hypotheses at one time, resulting in picking the data that best supports your main hypothesis.
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Drawdowns in actual trading can be higher than the tested system and losses could be significant in the event of leverage.
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Unforeseen events can lead to variation in performance from the tested trading strategy.
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The tested result has been computed with price feeds available from Bloomberg.
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The testing environment has not considered transaction or any other costs.
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Trading indicators used for the purpose of testing has been provided by Bloomberg.
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The strategy might suffer from data mining fallacy, selection bias and backfill bias.
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A trading strategy that performs well on multiple datasets from one market (e.g., forex) might not perform as well in another market (e.g., stocks).
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The strategy may not depict accuracy in terms of spread changes due to the spread-widening events.

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