PEA + shariah compliance: manual screening is becoming unmanageable, how do you handle it?
Salam everyone,
French investor here. I've been investing through a PEA (a French tax-advantaged stock account) for 5+ years and I try to stay strict on shariah compliance.
My process today, I spot opportunities on the French market, then check each stock one by one on Musaffa before buying. I also try to keep an eye on the companies I already hold, since debt ratios change and a compliant stock can become non-compliant over time.
Honestly it's getting heavy. Manual screening, monitoring over time, figuring out when a position stops being halal and should be sold... And islamic ETFs (iShares/HSBC MSCI World Islamic) are not eligible for the PEA, so I can't simplify without losing the tax advantage. Stock picking or nothing.
So I'm curious how others deal with this, especially if you're in France or Europe. What tools do you use? Do you ever re-check your existing positions or just at purchase? Does this monitoring weigh on you too or is it just me?
Thank you for any input.