The 145 Stocks Where Halal Screening Authorities Disagree
The same stock can be “halal” in one app and “not halal” in another - and both apps are applying their methodology correctly. This page documents every recorded case, side by side. No screening app can publish this list; a neutral scorekeeper can.
Do the halal screening authorities agree with each other?
Of the 272 U.S.-screened entities where at least two recognized halal screening authorities have published a position, the authorities disagree on 145 (53%). On 28 stocks the split is direct - at least one authority rates the stock halal while another rates it not halal. The disagreement is almost always methodology, not error: AAOIFI caps debt at 30% of market cap while other standards use ~33% or total assets, and data dates differ.
HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say - reproduced from primary sources with dates and citations - and let you decide.
Direct conflicts: halal on one authority, not halal on another28
The starkest cases. Click any company for the full verdict - the exact ratios, each authority's dated position, and what drives the split.
| Company | HalalWallet (AAOIFI) | Musaffa | Zoya | Wahed (HLAL) | SP Funds (SPUS) |
|---|---|---|---|---|---|
| Microsoft CorporationMSFT | Halal | Not halal | Doubtful | Halal | Halal |
| International Business Machines CorporationIBM | Halal | Not halal | - | Halal | Halal |
| Oracle CorporationORCL | Halal | Not halal | Not halal | - | Halal |
| Mastercard IncorporatedMA | Not halal | Halal | Halal | - | - |
| Super Micro Computer, Inc.SMCI | Not halal | - | - | Halal | Halal |
| Visa Inc.V | Not halal | Halal | Halal | - | - |
| Accenture plcACN | Halal | Not halal | - | - | - |
| Archer-Daniels-Midland CompanyADM | Halal | Not halal | - | - | - |
| Automatic Data Processing, Inc.ADP | Halal | Not halal | - | - | - |
| Baidu, Inc.BIDU | Halal | Not halal | - | - | - |
| Covered Calls | Not halal | - | Halal | - | - |
| Dell Technologies Inc.DELL | Halal | Not halal | - | - | - |
| Delta Air Lines, Inc.DAL | Halal | Not halal | - | - | - |
| Devon Energy CorporationDVN | Halal | Not halal | - | - | - |
| Diamondback Energy, Inc.FANG | Halal | Not halal | - | - | - |
| Franco-Nevada CorporationFNV.TO | Halal | Not halal | - | - | - |
| Freeport-McMoRan Inc.FCX | Halal | Not halal | - | - | - |
| Honeywell International Inc.HON | Halal | Not halal | - | - | - |
| Loblaw Companies LimitedL.TO | Halal | Not halal | - | - | - |
| MercadoLibre, Inc.MELI | Halal | Not halal | - | - | - |
| Newmont CorporationNEM | Halal | Not halal | - | - | - |
| Norfolk Southern CorporationNSC | Halal | Not halal | - | - | - |
| Paychex, Inc.PAYX | Halal | Not halal | - | - | - |
| Royal Caribbean Cruises Ltd.RCL | Halal | Not halal | - | - | - |
| Sea LimitedSE | Halal | Not halal | - | - | - |
| The Mosaic CompanyMOS | Halal | Not halal | - | - | - |
| Veeva Systems Inc.VEEV | Halal | Not halal | - | - | - |
| Workday, Inc.WDAY | Halal | Not halal | - | - | - |
Partial splits: pass vs doubtful117
One or more authorities flag these as doubtful or conditional while others pass them - typically a company sitting near a ratio threshold.
Why does this happen?
Almost every split traces to methodology: AAOIFI caps interest-bearing debt at 30% of market capitalization, Dow Jones/S&P use ~33%, and MSCI/FTSE screen against total assets. Add different data dates and different treatment of borderline revenue, and a company near a threshold flips between standards.
Browse the verdict corpus
Frequently Asked Questions
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
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.