Is this investment advice?
No. SafaStack is a data service: we show which US stocks the ETFs publish as held. Nothing here is a recommendation, a rating or advice, and nothing here says you should buy, hold or sell anything. Always do your own research and speak to a licensed professional where it matters.
Do you tell me whether a stock is Shariah-compliant?
No, and we never will. We don't issue rulings, certificates or verdicts. We report what a named fund holds on a given date, from that fund's own published holdings. You can see the source and decide what to do with it.
Where does the data come from?
From the issuers' own public pages. SPUS rows come from the SP Funds page, carrying the as-of date the fund gives them. HLAL we don't republish: we link to Wahed's page, and the history we can publish comes from the fund's SEC filings at quarter end. Every row in our table links to its source, and every file records the source URL and the as-of date it was fetched.
How current is the list?
We fetch daily and record every fetch. For SPUS, the holdings themselves change on the fund's schedule, not ours: it may publish an unchanged list for days, then move several names at once. Each snapshot carries the fund's own as-of date. HLAL's public filings are quarter-end, and we say so wherever HLAL appears.
What does it mean when a stock "leaves the list"?
It means the name no longer appears in that fund's published holdings. The cause could be a rebalance, a weight change, an index reconstitution or a compliance exit, and the funds don't always say which. So we don't either. What we publish is the change we observed, with the dates on both sides of it.
Why only SPUS and HLAL?
They draw the biggest audience, which makes them the pair to get right first. SPUS publishes dated rows we can read every day. For HLAL we link out: Wahed's terms don't cover republishing, and its page did not carry a dated holdings table when we checked it.
Is anything charged today?
No.
How much will it cost?
Today's list is free and stays free. The record and the alerts are planned at US$8 a month, or US$59 a year, and the developer API at US$29 a month. Nothing is charged today and there's no payment page yet, so join the waitlist and you'll hear before anything is billed.
I build tools. Can I use the feed?
The JSON files are published for anyone to inspect, and a versioned, CORS-enabled feed with a one-page schema doc is planned at US$29 a month, 10,000 requests included. It ships once the funds have given us written permission that covers redistribution. Tick that you build tools when you join the waitlist and we'll send you the schema when it's stable.
Can I use this data in my own product or newsletter?
Not as part of a subscription, no. A subscription is a license to use the data yourself; republishing or reselling it needs a separate written agreement, and we won't pretend we have one. Waitlist members hear first when redistribution and API terms are settled.
When does it launch?
We're building it now, and we won't print a date we can't keep. Join the waitlist and you'll get one email when the daily list is live, and nothing else in the meantime.