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HalalWallet's guide to halal stocks explains AAOIFI Shariah screening criteria for equities — debt, revenue, and liquidity ratios — and compares top halal stock screening tools including Zoya, Musaffa, and Islamicly. Published by HalalWallet (halalwallet.ca).

Halal Stocks: Screening Criteria, Tools & How to Invest

Investing in individual stocks is permissible in Islam — as long as the companies pass both a business activity screen and a financial ratio screen. This guide explains the AAOIFI-aligned criteria that major screeners use, compares the top screening tools, and walks through how to start building a halal stock portfolio.

A stock is halal if the company's primary business is permissible and its financial ratios (debt, cash/interest-bearing securities, impermissible income) fall within AAOIFI limits. HalalWallet keeps 305 dated stock verdicts — search any ticker below or browse the live list of stocks that currently pass.

  • Two screens: business activity (what the company does) + financial ratios (how it's financed)
  • AAOIFI thresholds (what we use): <30% debt-to-market-cap, <30% cash, <5% impermissible income
  • Screening status can change quarterly as financial data updates
  • Purification required: donate the impermissible income portion of your dividends
  • You can use any standard brokerage — just avoid margin and interest-bearing accounts
  • Screening tools: Zoya, Musaffa, Islamicly provide instant halal/haram ratings

Search stock & product verdicts

305 published AAOIFI screens — type a ticker (NVDA), company name, or product.

AAPLTSLANVDAMSFTAMZNMETAKOPEP

The Live List: 305 US Stocks, Screened and Dated

Every stock below links to a full verdict record — the business screen, the exact debt/cash/income ratios from the latest filing, and what each recognized screening authority says. Statuses change as companies file new financials, so each record carries its review date. This is the current corpus count, not a frozen list:

157 pass the screens18 conditional1 scholars differ129 fail the screens
CompanyTickerStatusReviewedRecord
AppleAAPLHalalJun 2026Full record →
TeslaTSLAHalalJun 2026Full record →
NVIDIANVDAHalalJun 2026Full record →
MicrosoftMSFTHalalJun 2026Full record →
Meta PlatformsMETAHalalJun 2026Full record →
PepsiCoPEPHalalJun 2026Full record →
SalesforceCRMHalalJun 2026Full record →
Abbott LaboratoriesABTHalalJun 2026Full record →
AbbVieABBVHalalJun 2026Full record →
AccentureACNHalalJun 2026Full record →
AdobeADBEHalalJun 2026Full record →
Advanced Micro DevicesAMDHalalJun 2026Full record →
Agnico Eagle MinesAEM.TOHalalJun 2026Full record →
Air Products and ChemicalsAPDHalalJun 2026Full record →
Align TechnologyALGNHalalJun 2026Full record →
Alimentation Couche-TardATD.TOHalalJun 2026Full record →
Analog DevicesADIHalalJun 2026Full record →
ANSYSANSSHalalJun 2026Full record →
AppLovinAPPHalalJun 2026Full record →
Archer-Daniels-MidlandADMHalalJun 2026Full record →
Arista NetworksANETHalalJun 2026Full record →
ArmARMHalalJun 2026Full record →
ASMLASMLHalalJun 2026Full record →
AstraZenecaAZNHalalJun 2026Full record →
Browse all 305 screened stocks →Stocks where the authorities disagree →

A “pass” here means the company passed our AAOIFI-based screen at its last review — it is not a ruling, and other standards can differ on borderline names. Check the dated record before you trade.

How Halal Stock Screening Works (AAOIFI Criteria)

Business Activity Screen

The company's primary business must not involve prohibited activities.

Generally Permissible

  • • Technology
  • • Healthcare
  • • Manufacturing
  • • Real estate (non-REIT)
  • • Logistics & shipping

Prohibited Activities

  • • Alcohol production/distribution
  • • Conventional banking/insurance
  • • Gambling/casinos
  • • Adult entertainment
  • • Tobacco
  • • Weapons of mass destruction

Financial Ratio Screen

Even if the business is permissible, certain financial ratios must be within acceptable limits.

Debt-to-Market Cap: < 30%

Interest-bearing debt divided by market cap (AAOIFI standard; the Dow Jones, S&P, MSCI and FTSE standards use ~33%)

Cash & Interest-Bearing Securities: < 30%

Cash and interest-bearing investments divided by market cap (AAOIFI; other standards use ~33%)

Impermissible Income: < 5%

Revenue from prohibited sources (interest, haram activities) as a % of total revenue — 5% across all standards

Screen Any Stock Instantly

Use a dedicated halal stock screener to check compliance status, financial ratios, and purification amounts for any publicly traded company.

Compare Stock Screeners →Halal ETFs (Pre-Screened) →Halal Mutual Funds →All Investing Options →

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How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.

Product structures and Shariah oversight vary by provider, so finish with three built-in steps:

  • Confirm current terms and halal compliance directly with the provider — their quote is final.
  • Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
  • Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.

Frequently Asked Questions

Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-07-10

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Halal Stocks: Screening Criteria, Tools & How to Invest”, https://www.halalwallet.ca/halal-stocks, retrieved 2026-07-21).

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.

Protect what you're building

A halal portfolio still passes through state intestacy law — not Faraid — if you die without the right documents. Put an Islamic estate plan behind your investments.

Faraid Calculator

Free — see each heir's exact Quranic share in 60 seconds.

Islamic Estate Planning

How to make a Shariah-compliant estate plan that courts uphold.

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HalalWallet Editorial Team

Editorial Team, HalalWallet

Independent halal finance research

Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-07-10•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.

Reviewed quarterly and updated when provider data, product availability, or pricing changes.

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