Terms of Service

1. Service Description

Barakfi ("the Service", "we", "us", or "our") is an educational stock screening tool that helps users identify Indian equities listed on the National Stock Exchange (NSE) that may meet Shariah compliance criteria. The Service provides automated screening based on publicly available financial data and established Islamic finance methodologies.

2. Eligibility

You must be at least 18 years of age and a resident of India (or legally permitted to access Indian equity market information in your jurisdiction) to use this Service. By registering an account, you represent and warrant that you meet these eligibility requirements.

3. User Responsibilities

As a user of Barakfi, you acknowledge and agree to the following:

• You will independently verify all screening results before making any investment decisions. Our automated screening is not a substitute for professional financial or Shariah advisory services.
• You will consult with a qualified SEBI-registered investment advisor and/or a certified Shariah scholar before acting on any information provided by the Service.
• You are solely responsible for all investment decisions you make. Barakfi bears no responsibility for any financial losses arising from the use of screening results.
• You will not use the Service for any unlawful purpose or in violation of any applicable Indian laws and regulations, including SEBI Act 1992, SEBI (Investment Advisers) Regulations 2013, and the Prevention of Money Laundering Act 2002.
• You will not scrape, reverse-engineer, or attempt to extract our proprietary screening algorithms, data processing logic, or backend infrastructure.
• You will provide accurate and truthful information when registering for an account and will keep your login credentials secure.

4. Account Terms

Account registration and authentication is managed through Clerk, a third-party identity provider. By creating an account, you agree to the following:

• Your account credentials (email address, name, and authentication tokens) are stored and managed by Clerk Inc. in accordance with their privacy policy and security practices.
• Additional data such as portfolio holdings, watchlist selections, and screening history are stored on our servers to provide a personalised experience.
• You are responsible for maintaining the confidentiality of your account. You must notify us immediately at legal@barakfi.in if you become aware of any unauthorised access.
• We reserve the right to suspend or terminate accounts that violate these terms, engage in abusive behaviour, or are used for purposes inconsistent with the Service's intended use.

5. Free Ad-Supported Service

Barakfi is a completely free service. All features, including screening, portfolio tracking, research notes, compliance checks, and data exports, are available to all registered users at no cost.

The Service is free and supported by advertising. You may see ads from Google AdSense (web) and Google AdMob (mobile). Ad content is provided by third parties and we do not control or endorse advertised products or services. By using Barakfi, you acknowledge and agree that advertisements may be displayed within the platform.

6. Intellectual Property

The screening methodology, algorithms, user interface design, source code, branding, and all content produced by Barakfi are proprietary and protected under the Indian Copyright Act 1957 and the Information Technology Act 2000. You may not:

• Reproduce, distribute, or publicly display any part of the Service without prior written consent.
• Use our screening results or data outputs for commercial redistribution, including publishing on competing platforms, newsletters, or paid advisory services.
• Remove, alter, or obscure any copyright, trademark, or proprietary notices.

Financial data sourced from third-party providers (including Yahoo Finance) remains the property of the respective data owners and is used under licence or fair-use provisions.

7. Limitation of Liability

We do not guarantee the accuracy, completeness, or timeliness of screening results. Financial data may be delayed, incomplete, or subject to revision by the upstream data providers. Screening classifications may change as new data becomes available or as our methodology is updated.

In no event shall our total aggregate liability exceed INR 1,000.

8. Disclaimer of Warranties

The Service is provided on an "AS IS" and "AS AVAILABLE" basis without warranties of any kind, either express or implied, including but not limited to:

• Implied warranties of merchantability, fitness for a particular purpose, or non-infringement.
• Any warranty that the Service will be uninterrupted, timely, secure, or error-free.
• Any warranty regarding the accuracy or reliability of Shariah compliance classifications.
• Any warranty that the Service complies with any specific Shariah standard or fatwa.

9. Indemnification

You agree to indemnify, defend, and hold harmless Barakfi and its directors, officers, employees, and agents from any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney's fees) arising out of your use of the Service, your violation of these terms, or your violation of any rights of a third party.

10. Modifications to Terms

We reserve the right to modify these Terms of Service at any time. Material changes will be communicated via email to registered users and/or through a prominent notice on the platform at least 15 days before the changes take effect. Continued use of the Service after such changes constitutes acceptance of the updated terms.

11. Governing Law and Jurisdiction

These Terms of Service shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or relating to these terms or the Service shall be subject to the exclusive jurisdiction of the courts in Mumbai, Maharashtra, India.

Before initiating any legal proceedings, the parties agree to attempt resolution through good-faith negotiation for a period of 30 days. If the dispute remains unresolved, either party may pursue arbitration under the Arbitration and Conciliation Act, 1996, with the seat of arbitration in Mumbai.

12. Severability

If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

13. Contact Information

For questions, concerns, or legal notices regarding these Terms of Service, please contact us: