{
  "standards": [
    {
      "standard": "AAOIFI",
      "name": "AAOIFI",
      "numerator": "interest-bearing debt",
      "denominator": "market capitalisation on the day",
      "threshold": 0.3
    },
    {
      "standard": "DJIM",
      "name": "Dow Jones Islamic Market",
      "numerator": "interest-bearing debt",
      "denominator": "trailing 24-month average market capitalisation",
      "threshold": 0.3333333333333333,
      "note": "The threshold is one third. Published work that rounds it to 0.33 disagrees on about 0.4 percent of firm-quarters, all of which are flagged borderline here."
    },
    {
      "standard": "SP",
      "name": "S&P Shariah",
      "numerator": "interest-bearing debt",
      "denominator": "trailing 36-month average market capitalisation",
      "threshold": 0.3333333333333333,
      "note": "The threshold is one third. Published work that rounds it to 0.33 disagrees on about 0.4 percent of firm-quarters, all of which are flagged borderline here."
    },
    {
      "standard": "MSCI",
      "name": "MSCI Islamic",
      "numerator": "interest-bearing debt",
      "denominator": "total assets",
      "threshold": 0.3333333333333333
    }
  ],
  "rule": "A company is non-compliant when the ratio exceeds the threshold.",
  "borderline": "Any result within one percent of its threshold is returned with borderline set to true.",
  "disclaimer": "Mizan reports how four published screening standards read a company's own filings and market price. It is research output, not investment advice and not a fatwa."
}