Question 1

What is Zeenox?

Accepted Answer

Zeenox is an Islamic crypto and halal stock checker for UK Muslim investors. It helps you instantly verify whether stocks, ETFs, and cryptocurrencies are Shariah-compliant using AAOIFI Standard No. 21 financial screening ratios. Zeenox is free to use for unlimited halal checks.

Question 2

How does Zeenox determine if a stock is halal?

Accepted Answer

Zeenox uses the AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions) Shariah Standard No. 21. A stock passes if: (1) total debt is less than 33% of total assets, (2) interest income is less than 5% of total revenue, (3) haram business revenue (alcohol, gambling, tobacco, weapons) is less than 5% of total revenue, and (4) the primary business activity is not in a prohibited sector.

Question 3

Is Bitcoin (BTC) halal?

Accepted Answer

Zeenox classifies Bitcoin as conditionally permissible under Islamic law. Bitcoin functions as a decentralised store of value and medium of exchange without intrinsic interest (riba). However, trading Bitcoin with leverage or interest-bearing instruments is prohibited. Check zeenox.co.uk/stocks/BTC for the current Zeenox compliance verdict and full reasoning.

Question 4

Can UK Muslims invest in a Stocks & Shares ISA?

Accepted Answer

Yes. UK Muslims can invest in a Stocks & Shares ISA. The ISA tax wrapper itself is permissible under Islamic law — only the underlying investments need to be Shariah-compliant. Use Zeenox to screen stocks before adding them to your ISA to ensure halal compliance.

Question 5

How do I calculate Zakat on investments?

Accepted Answer

Zakat is 2.5% of eligible wealth above the Nisab threshold (approximately £400 in gold terms) held for one lunar year. For investments, you pay Zakat on the current market value of halal holdings you have owned for a full lunar year. Use the free Zeenox Zakat calculator at zeenox.co.uk/calculators/zakat to calculate your exact Zakat obligation.

Question 6

Is Zeenox free to use?

Accepted Answer

Yes, Zeenox is free for unlimited halal stock and crypto checks, plus the Zakat calculator. Premium plans start at £12.99/month for portfolio tracking and advanced AI chat features.