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Learn about Islamic finance, halal or shariah-compliant stocks, and investment ideas. We share Finance releated content in light of Islamic views and make it easy to understand.
Upcoming & Current IPO Issue at NSE & BSE.
Swasth Foodtech India Limited IPO Detail
Last Updated on February 19, 2025 Swasth Foodtech India Limited IPO Incorporated in 2021, Swasth Foodtech India Limited is engaged in processing rice bran oil for sale to oil manufacturers and packers. The company produces
HP Telecom India Limited IPO Detail
Last Updated on February 19, 2025 HP Telecom India Limited IPO Founded in March 2011, HP Telecom India Limited initially concentrated on distributing mobile phones and accessories. The company secured exclusive distribution rights for Sony
Tejas Cargo India Limited IPO Detail
Last Updated on February 14, 2025 Tejas Cargo India Limited IPO Incorporated in March 2021, Tejas Cargo India Limited is a logistics company located in Faridabad, Haryana, that provides supply chain transportation services by road
Royalarc Electrodes Limited IPO Detail
Last Updated on February 14, 2025 Royalarc Electrodes Limited IPO Incorporated in 1996, Royalarc Electrodes Limited is engaged in the business of manufacturing of welding consumables such as, welding electrodes, flux cored wire, MIG/TIG wires.
Quality Power Electrical Equipments Limited IPO Detail
Last Updated on February 14, 2025 Quality Power Electrical Equipments Limited IPO corporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies. The company provides
Shanmuga Hospital Limited IPO Detail
Last Updated on February 12, 2025 Shanmuga Hospital Limited IPO Incorporated in 2020, Shanmuga Hospital Limited is a Multispecialty Hospital. Shanmuga Hospital is equipped with advanced healthcare technology and having 151 bed capacity, it addresses
How We identify Shariya Compliant & Investing in Halal stocks?
Business Screen
We screen against the following types of companies.
Strictly, no unethical and socially harmful industry:
- Alcohol.
- Gambling.
- Movies, Music & Related Haram entertainment.
- Tobacco.
- Financials.
- Insurance.
- Pork.
Financial Ratio Screen
After removing companies with non-compliant business activities, the resultant companies are further examined for compliance with accounting ratios, as certain ratios may violate the compliance measurements.
Three areas of focus are :
- Leverage,
- Cash,
- Average market capitalization of stocks and the share of revenues derived from non-compliant activities. All of these are subject to evaluation on an ongoing basis.
Conclusion :
While there is no 100% perfect approach of identifying ethical or Halal stocks, we rely on the expert advice!
Please note: Our approach of screening may not match that of other Halal stocks apps hence our list of Halal stocks will always be a little different from those of others! No work is without error and we are always a work in progress. We pray this initiative benefits the ummah. We welcome your feedback, questions, and criticisms. Jazaakumullahu khairan!
Disclaimer
Please note: our approach of screening may not match that of other Halal stocks apps hence our list of Halal stocks will always be a little different from those of others!
Important: if you find that we have marked any non-compliant stock as compliant one which may lead people into supporting non-ethical industries, please write to us at info@halalstock.in
While we have taken the best efforts to mark stocks as Halal or Haram, it’s the individual’s decision to invest based on the stocks list provided by halalstock.in. The people behind halalstock.in will not be liable in any way on the judgement day of Qayamat in hereafter or in this world. halalstock.in assumes no responsibility or liability for your investment results. All investing involves risk, including the possible loss of money you invest, and past erformance does not guarantee future performance. Investments are not get rich fast scheme. We encourage community to gain financial knowledge and make investment decisions themselves. Halalstock.in is just a guidance, whenever in doubt – if you find that the company stock in concern is bringing better than bad to humanity, it should be a deal. Halalstock.in is not a blanket Fatwa authority!
If you ever have a doubt about your investments and income activities, do always reach out to a trusted & reputed Aalim/Mufti of your particular Maslak for 100% assured advice.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances Investments in securities market are subject to market risks; read all the related documents carefully before investing. Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.
KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Halalstock.in does not intend to offer or solicit anyone to buy or sell securities in jurisdictions where such actions are not permitted or in a region where such investment services would be contrary to the laws or regulations.
Issued in the interest of investors. Accessibility statement: halalstock.in is provided as is and any legal or non-legal claims will not be entertained. For any disputes contact info@halalstock.in
FAQ
Most frequent questions and answers
Companies operating in the alcohol, gambling, movies, music, financial services (banking, insurance, mortgage financing, etc.), pork-related products, pornography, television and tobacco industries will not pass this filter since its non-compliant.
Companies that have multiple streams of revenue need to be checked for the sources of their revenues. Firms that have mixed revenues, i.e. some halal and others not, will fall into this category.
Haram revenues : If the percentage of haram revenues is less than 5%, then the stock is Shariah compliant. Most Shariah standards have set 5% as the maximum limit of tolerance for haram revenues. The Shariah justification is that a small amount of impurity will not corrupt the whole.
Interest Income : Companies that use excess cash to earn interest income should be reviewed to see if their interest income (including any other haram revenue) is less than 5% of total revenues. A company’s Income Statement will list their interest income if any. This is separately listed from haram revenues for reader convenience.
Last, but not the least, category is that of companies with only halal revenues and no haram revenues or investments. If a company passes the business compliance filter, the most important aspect of Shariah compliance is done. It can now be screened for financial ratios to check mainly how much interest-bearing debt it carries.
