⚠️ Illustrative backtested results only. Not investment advice. Consult a licensed financial advisor.

Investing Aligned with Your Values

A principled approach to the markets — screening companies for ethical business conduct, financial integrity, and social responsibility using AAOIFI's internationally recognized standards.

A Rigorous Standard for Ethical Screening

AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) publishes internationally recognized financial screening standards used by institutions worldwide. Their quantitative thresholds — covering debt ratios, revenue purity, and business activity — provide a disciplined framework that aligns naturally with broad ethical investing principles.

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Layer 1: Business Activity

Companies whose core business involves excluded sectors are removed entirely — regardless of their financial ratios. This is the broadest filter and removes the majority of ethically problematic companies.

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Layer 2: Revenue Purity

Even permitted businesses sometimes derive incidental revenue from excluded sources. AAOIFI sets a 5% threshold for impermissible revenue — companies exceeding this are excluded or flagged.

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Layer 3: Debt Ratios

Companies with total debt exceeding 33% of total assets are considered over-leveraged under AAOIFI standards. Excessive leverage introduces financial risk and interest dependency that conflicts with principled investing.

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Layer 4: Interest Income

Interest income must remain below 5% of total revenue. This limits exposure to companies that are functionally dependent on interest-bearing financial activity, even if their core business is permitted.

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Continuous Re-Screening

Financial ratios change every quarter. Nucore re-screens the entire universe daily using updated data feeds, ensuring no stock slips through a filter due to stale financial information.

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Full Audit Trail

Every screening decision is logged with the exact factor values that produced it. You can inspect why any stock passed or failed — no arbitrary decisions.

What We Screen Out

Always Excluded

  • Conventional banking and lending institutions
  • Insurance companies (conventional)
  • Alcohol production, distribution, and retail
  • Tobacco and controlled substance companies
  • Gambling, casinos, and gaming operators
  • Weapons manufacturing and defense contractors
  • Adult entertainment and related industries
  • Pork production and processing

Conditionally Screened

  • Technology companies (reviewed for revenue purity)
  • Media and entertainment (content analysis applied)
  • Financial services (interest income ratio checked)
  • Real estate (financing structure reviewed)
  • Healthcare (bioethics considerations applied)
  • Diversified conglomerates (segment revenue analysis)
  • Retailers with incidental alcohol/tobacco sales

Giving Back with Precision

Some investments in the ethical universe may generate small amounts of incidental impermissible income. Our charitable allocation tool calculates the recommended amount to donate, helping investors maintain the integrity of their portfolio returns.

How It Works

Based on each company's impermissible revenue percentage and your holding size, Nucore calculates the proportional recommended charitable allocation from your returns.

This amount is logged in your dashboard. You choose where to donate — Nucore simply provides the calculation and tracking.

Why It Matters

True ethical investing isn't just about what you hold — it's about what you do with proceeds from imperfect holdings. Our tool brings the same analytical rigor to charitable giving that we bring to stock screening.

All charitable allocation history is exportable for your records.

Start Investing with Integrity

Individual plan at $99/month. Institutional from $999/month. Monthly only, no auto-charge on lapse.

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