15 Halal Stocks in India by Market Capitalization - Musaffa Academy (2024)

FAQs

15 Halal Stocks in India by Market Capitalization - Musaffa Academy? ›

If a stock or ETF is not deemed halal or has doubts about its compliance, investors will not be able to invest in it through the Musaffa trading platform. Our platform ensures that only halal (Shariah-compliant) stocks and ETFs are available for investment.

If a stock or ETF is not deemed halal or has doubts about its compliance, investors will not be able to invest in it through the Musaffa trading platform. Our platform ensures that only halal (Shariah-compliant) stocks and ETFs are available for investment.

Musaffa is a Halal (Shariah-compliant) Stock Trading, Investment, and Islamic Finance Education platform. The platform aims to attract investors seeking to align their money with their values and faith.

Conclusion: Given the above information, we at Islamicly believe that TCS, Inc. is a Shariah-compliant company as per the Shariah screening criteria.

Certain Musaffa Service options are provided free-of-charge (“Starter”), while other options require payment before they can be accessed (the “Premium Subscriptions”). We may also offer special promotional plans, memberships, or services, including offerings of third-party products and services.

To address this issue, we are building an easy-to-use Halal trading platform where Muslim investors can learn how to invest, do research, and execute trades themselves, all in one platform.

Is VEDANTA LIMITED Halal and Shariah Compliant ? Last Updated on October 3, 2021 Shariah Compliant : Company Name : VEDANTA LIMITED Sector – Industry : Mining / Minerals / Metals As per our analysis and Based on the information we have, VEDANTA LIMITED appears to be a non-shariah compliant stock.

Ask About Interest-Bearing Debt

The third criteria a stock must meet to be deemed halal relates to the percentage of interest-bearing debt in relation to the total assets of the company. The total interest-bearing debt to not exceed 33% of total assets.

Last Updated on February 14, 2024 Shariah Compliant : Company Name : Adani Wilmar Ltd Sector – Industry : Edible Oils As per our analysis and Based on the information we have, Adani Wilmar Ltd appears to be an ethical, halal and shariah compliant stock.

How does musaffa work? ›

Musaffa divides the Shariah-compliant stock universe into five groups and ranks them from 1 to 5. The higher the ranking, the more Shariah-compliant the stock is. For example, suppose a particular stock receives a ranking of 5.

It has committed to using renewable energy sources for the business activities. Based on these instances, we consider that the business model that Amazon follows Amazon is in compliance to Halal investment guidelines.

Is Zoya nail polish halal? Our nail polishes are 100% nontoxic, vegan, pregnancy safe, as well as breathable and water permeable - so therefore halal. It is important to note that we only comply and get certified with government regulatory health agencies and guidelines and not to private organisations.

According to the Musaffa Halal Stock Screener report, Wipro Ltd's stock is NOT HALAL, primarily because a significant portion of its business activities are categorized as non-Halal.

Yes, it's far halal to buy Tesla stock as long as the enterprise's operations aren't involved in any haram activities. Tesla is a era corporation that more often than not manufactures electric powered cars, sun panels, and energy garage structures.

Last Updated on October 3, 2021 Shariah Compliant : Company Name : INFOSYS LTD. Sector – Industry : Computers – Software – Large As per our analysis and Based on the information we have, INFOSYS LTD. appears to be an ethical, halal and shariah compliant stock.

Halal shares are shares from companies compliant with Sharia principles stipulated by Shariah Scholars. Shariah compliant funds work along the lines of the Shariah Law relating to finance.

Halal investors can buy stocks as long as they're not from companies operating in prohibited industries or in a prohibited way. For example, buying stock in a liquor company such as Pernod Ricard would not be allowed, as alcohol is not permitted for Muslims.