Zakat is 2.5% of eligible investment profit, due once per lunar year (Hawl) if your portfolio exceeds the Nisab threshold. Hisaab automatically tracks how long each position has been held, calculates the profit basis, and checks whether your total eligible wealth exceeds the Nisab, updated daily using live gold and silver prices.
Purification (Tasfiyah) is a separate obligation from Zakat. When a company earns a portion of its revenue from non-permissible activities (e.g., interest income), you must donate that same proportion of any dividend received to charity. Under AAOIFI Standard No. 21, companies with non-permissible income below 5% of total revenue are eligible for investment, but that portion of your income must still be purified. Hisaab tracks this per dividend payment.
Both standards exclude the same prohibited industries (conventional banking, alcohol, gambling, etc.) and use a 5% cap on non-permissible income. The difference is in the financial ratio thresholds: AAOIFI requires interest-bearing debt to be below 30% of market cap (the strictest globally recognized standard). Mainstream standards (DJIM, S&P Shariah, FTSE, MSCI) use 33%, derived from classical scholarly principles. You can select your preferred standard under Settings > Compliance at any time.
Yes, Hisaab is free to get started with no credit card required. All current features including portfolio tracking, Sharia screening, Zakat calculations, dividend purification, and live bullion rates are free to use. Optional premium tiers or advanced integrations may be introduced in the future, while current core capabilities remain accessible.
Your privacy and data security are our top priorities. Your portfolio data and transaction records are stored securely, transmitted over encrypted connections, and never sold, rented, or shared with third-party advertisers or external data brokers.
Hisaab is a portfolio tracker built specifically for Muslim investors. It combines portfolio performance tracking, Zakat calculation, purification tracking, and Sharia compliance in one focused dashboard so you always know where your wealth stands and what you owe.
Muslim investors in India who invest in NSE/BSE listed stocks and want to track Sharia compliance and Zakat without maintaining messy spreadsheets. If you trade with Zerodha, Groww, Angel One, Upstox, or any other broker and want Islamic financial calculations automated, Hisaab is built for you.
Nisab is the minimum qualifying wealth threshold before Zakat becomes obligatory. Traditionally based on 87.48g of gold or 595g of silver, Hisaab recalculates these values daily using live market prices. The silver standard is lower and more conservative (ensuring broader charitable reach), while the gold standard reflects true surplus wealth in modern asset markets. You can select your scholarly preference in Settings.
Halal stocks pass all sector and financial ratio tests. Doubtful stocks have permissible core businesses but minor non-halal income (below 5% of revenue), which triggers a required purification percentage on dividends and gains. Non-Halal (Haram) stocks fail sector exclusions or exceed 5% non-halal income, marking a stock as Non-Halal triggers a 100% purification obligation and indicates immediate divestment is required.
Yes. Hisaab uses FIFO (First-In, First-Out) accounting for accurate capital gains calculation. When you execute a partial sell, Hisaab automatically pro-rates your buy-side charges across the exact sold shares and preserves the remaining cost basis for your active portfolio.
Hisaab includes three automated email notifications, all enabled by default and easily customizable in Settings: Monthly Portfolio Report (a monthly summary of your performance and purity score), Compliance Alerts (instant notification if an active holding fails Sharia screening), and Zakat Reminders (an annual notification when your Hawl matures based on live Nisab rates).
We are constantly expanding our documentation. If you need assistance with specific transaction imports or methodology questions, reach out to our team.
Contact Support (support@hisaab.one)