Zoya designates stocks as "questionable" for one of two reasons:
The company operates in an industry that falls into a gray area, prompting differing opinions among scholars on its permissibility. Some examples include advertising platforms that allow customers to promote impermissible products or services, supermarkets that sell pork or alcohol, and gaming companies with objectionable content.
There is insufficient public information disclosed by the company to make a confident determination on whether it complies with shariah principles. More transparency is needed to remove ambiguity.
In both cases, we advise users to exercise caution and conduct further research before investing in questionable stocks, as their shariah compliance cannot be definitively confirmed based on available data. The questionable designation serves as a heads up to investors that additional due diligence may be prudent.