Back
Top Halal Stocks — Part 2
Companies compliant with Islamic norms
Halal stocks are shares in companies whose activities comply with Sharia law. For Muslim investors, this is a mandatory requirement. We examine which stocks pass the screening.
Halal Criteria
Business Screening. A company should not be involved in prohibited activities: alcohol, tobacco, gambling, weapons, pork, pornography, usury (riba).
Financial Screening:
- Debt with interest — no more than 33% of market capitalization.
- Interest income — no more than 5% of total revenue.
- Accounts receivable — no more than 49% of capitalization.
- Cash and interest-bearing securities — no more than 33% of capitalization.
Examples of Halal Companies
Technology
Apple (AAPL). Clean business, minimal debt.
Microsoft (MSFT). Windows, Office, Azure. Low debt.
NVIDIA (NVDA). Chips for AI and gaming.
Healthcare
Johnson & Johnson (JNJ). Pharmaceuticals and medical supplies.
Pfizer (PFE). Drugs and vaccines.
UnitedHealth (UNH). Health insurance.
Consumer Goods
Procter & Gamble (PG). Household chemicals, hygiene products.
Nike (NKE). Sports apparel and footwear.
Home Depot (HD). Construction and repair.
What is NOT Halal
- Banks. JPMorgan, Bank of America — interest business.
- Alcohol producers. Diageo, AB InBev.
- Tobacco companies. Philip Morris, British American Tobacco.
- Casinos and bookmakers. Las Vegas Sands, MGM Resorts.
- Weapon manufacturers. Lockheed Martin, Raytheon.
How to Check a Specific Stock
A halal broker conducts Sharia screening of all available stocks. You can filter only halal assets in the app. Screening is updated quarterly.
Income Purification
Even halal companies may have a small amount of interest income. According to Sharia norms, this part of the income must be donated to charity. The broker helps calculate the amount for purification.
💡 Try it: you can open an account with a licensed broker in Tajikistan in just a few minutes. Deposits from 100 somoni.
Advertisement. LLC "Birzhevoy Broker", licenses of the Ministry of Finance of the Republic of Tajikistan No.007/25, No.008/25, No.009/25, No.010/25 dated 25.06.2025. Financial instruments involve risk. Profitability depends on the market value of assets. Not an individual investment recommendation. Material is for informational purposes only.
Calls within Tajikistan are free
Investments
Information
The information provided is for informational purposes only and should not be considered as an offer to buy or sell foreign currency, securities and/or other financial instruments. The information presented on this website is not an individual investment recommendation. Financial instruments or transactions mentioned in this section may not be suitable for you, may not correspond to your investment profile, financial situation, investment experience, knowledge, investment objectives, attitude to risk and profitability.
LLC "Exchange Broker" does not guarantee and does not promise future profitability of investments, does not guarantee the reliability of possible investments and the stability of possible income. Investment results in the past do not guarantee income in the future.
LLC "Exchange Broker" is not responsible for possible investor losses in the event of transactions and investments in financial instruments, and also does not guarantee the return, effectiveness and profitability of investments.
LLC "Exchange Broker" hereby informs that it operates in the securities market in accordance with the following professional participant licenses issued by the Ministry of Finance of the Republic of Tajikistan: depository activity No.010/25 dated 25.06.2025; brokerage activity No.007/25 dated 25.06.2025; dealer activity No.008/25 dated 25.06.2025 and securities management activity No.009/25 dated 25.06.2025, and also informs about the risk of a conflict of interest, including as a result of combining various types of professional activity in the securities market.