According to AAOIFI Shariah screening standards, Franklin Alabama Tax-Free Incom (FALQX) is currently classified as Questionable. This is based on both business activity and financial ratio screening.

Interest income data for Franklin Alabama Tax-Free Incom is factored into the financial ratio screening under AAOIFI standards.

FALQX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

Franklin Alabama Tax-Free Incom's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

You can save FALQX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

When a stock has any non-permissible income, a portion of dividends should typically be donated to charity. Use the purification ratio shown above to calculate the exact amount.

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.