Want to invest according to Sharia and looking for Halal stocks in Indian stock market. We will learn about the top 10 Halal stocks. There are many Halal stocks in the Indian market. In this article, we will learn about the top 10 Halal stocks in Nifty 50
- Tata Consultancy Services (TCS)
Leader of IT services and consulting, TCS follows Shariah investment guidelines. It is a reliable and profitable stock. Part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 14,83,145Cr | 0.09 |
Leader of IT services and consulting, TCS follows Shariah investment guidelines. It is a reliable and profitable stock.
2 .Infosys Limited
Another major player in the IT sector, Infosys is Shariah compliant and has been performing well consistently. Part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 8,04,834Cr | 0.10 |
Is Infosys a Halal stock?
Its business is in the IT sector and the debt is also very low, so Infosys is a Halal stock
3 . Hindustan Unilever Limited (HUL)
An FMCG giant that manufactures everyday household and personal care products. It is a strong choice for ethical and halal investing. And a big company in Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 5,65,194Cr | 0.03 |
Is HUL a halal stock?
HUL’s business is to manufacture and sell food products like oil, soap, cream, Horlicks, tea etc. It is a low debt company, so HUL is halal
4. HCL Technologies
HCL Technologies is very famous in the world of IT services and works as per Sharia guidelines.
This IT company is a part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 5,28,418Cr | 0.08 |
Is HCL a Halal stock?
The company does business in the IT sector and this work is halal in Islam. The debt is also very low. According to Sharia guidelines, halal business and debt should be around 33%. So we can say that HCL is a halal stock.
4. Sun Pharmaceutical
It is theustries leader of the pharmaceuticals sector. Sun Pharma’s business model is considered halal. For those who want to invest in the health sector, this is a solid choice,It is a part of Nifty 50.
| Mkt Cap | Debt to Equity |
|---|---|
| 4,43,661Cr | 0.04 |
Is Sun Pharma a halal stock?
The company is the leader of its sector. The health care business is halal and the debt is also very low, so Sun Pharma is a halal stock.
5. Maruti Suzuki India Limited
A big name in the automobile sector. Everyone in India knows this company. Maruti Suzuki is attractive for investors because of its Sharia compliance
This company is also in the Nifty 50 index
| Mkt Cap | Debt to Equity |
|---|---|
| 3,75,505Cr | 0.00 |
Is Maruti Suzuki a Halal stock?
It is an auto sector business which is a Halal business in Islam and the company also has no debt, so Maruti Suzuki is a Halal stock.
6. UltraTech Cement
India’s leading cement producing company. UltraTech Cement also follows Sharia guidelines and this is a good opportunity for the infrastructure sector,It is a part of Nifty 50.
| Mkt Cap | Debt to Equity |
|---|---|
| 3,40,405Cr | 0.28 |
Is UltraTech Cement a Halal Stock?
From the name of this company itself, you must have guessed that its business is Halal in Islam and the debt is also less than 33% as per Sharia guidelines. Therefore, it can be said that UltraTech Cement is a Halal stock.
7. Hero MotoCorp
It is the top two-wheeler company in the auto sector. Hero MotoCorp’s business fits in Sharia compliance and is therefore attractive to investors.
This company is part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 84,859Cr | 0.03 |
Is Hero MotoCorp a halal stock
The company’s business is in the auto sector which is a halal work in Islam and the debt is also low, so Hero Motor is a halal stock.
8. Cipla
This is a Bosnian company in the pharma sector. The medicines of this company are exported to many countries besides India. Cipla’s business model is considered halal. It is a good option for investing in the health sector. this company is a part of Nifty
| Mkt Cap | Debt to Equity |
|---|---|
| 1,21,970Cr | 0.02 |
Is Cipla a halal stock?
According to Islamic business, it is a halal business and the debt is also very low, so Cipla is a halal stock.
9. Asian Paint
Operates in the paint and coatings industry, which is generally considered permissible (halal) because its main business is to produce and sell paints, which is a legitimate activity. Asian Paints is one of the top companies in India.It is part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 2,23901Cr | 0.14 |
Is Asian Paints a Halal stock?
The company’s work is halal and the debt is also very low, so Asian Paints is a halal stock
10.Bharat Electronics (BHEL)
It is a government stock, Bharat Electronics deals in defence and electronics systems, which is not directly harmful according to Islam.It is part of Nifty 50
| Mkt Cap | Debt to Equity |
|---|---|
| 2,13,409Cr | 0.00 |
Is BHEL a Halal stock
This company’s work is Halal and debt free, so BHEL is a Halal stock
Note before investing
I have collected all this information from my research, there may be some mistakes somewhere. It is a bit difficult to find out whether the income source of a company is pure halal or not.
- Understand the company’s products, services, and revenue sources.
See if the core business is in accordance with Islamic ethical values or not - Invest your investments in various halal industries to minimize the risk
- Keep reviewing regularly. Sometimes companies change their business or financial structure, which may affect their financial position.
- Reevaluate your portfolio from time to time
conclusion
If you are interested in ethical and Shariah-compliant investing, you can make a good start with the stocks listed above. But always remember, it is important to do proper research and seek expert advice before investing. Plan and invest according to your goals and risk tolerance.
Happy investing!
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