The general public thinks that investing in the stock market is very difficult if you are new to it. Are you looking for investments that are in line with your ethical and religious values? For Muslim investors, halal investing is a way to grow your money while staying true to Islamic principles. And if you are on a limited budget, finding penny halal stocks can be a great start.
In this blog, we will share a list of affordable halal stocks under Rs 100.
Halal Stocks Under 100 rs
| company | sectors | debt to equity |
|---|---|---|
| JP Power Ltd | thermal &power | 0.33 |
| Suzlon Energy Ltd | power | 0.06 |
| NHPC ltd | public sector | 0.85 |
| NMDC ltd | steel | 0.15 |
| motherson sumi wiring | wiring harness | 0.17 |
| NBCC india | project management | 0.00 |
| sagility india | health care | 0.19 |
| trident | textile | 0.38 |
| ease my trip | travel services | 0.06 |
| tamilnadu petro | chemicals | 0.07 |
Top 10 Halal Stocks under Rs 100. Details
- JP Power (Jaiprakash Power Ventures Limited)
- Core Business: primary business is electricity generation and distribution, which is generally considered halal as it provides an essential service.
- Interest-based debt: The company does not have much debt
2.Suzlon Energy
- Core Business:Suzlon’s core business is renewable energy, which is halal according to Sharia.
- interest-based debt:The debt is not very high at present. Suzlon Energy has faced financial difficulties in the past and its debt levels have been very high
3. NHPC Ltd
- Core Business : company core business is hydropower generation and renewable energy generation, which is halal according to Sharia.
- debt to equity: NHPCL is a government-owned company, and its debt level is very high. Do your research before investing
4. NMDC (National Mineral Development Corporation)
- core business: is a government company that is primarily involved in the mining and production of iron ore. Which is halal for investment as per Islamic Sharia.
- interest-based debt: Currently the debt is less but NMDC is a government company, and there may be some interest related income in its balance sheet.
5. Motherson Sumi Wiring
- core busine: Its core business is related to the automotive industry, which is considered acceptable according to Islamic Sharia.
- interest-based debt: The company has low debt which you can see in the list above.
6. NBCC india ltd
- core business: The company’s main business is related to construction and real estate, which is acceptable according to Sharia. Many Islamic scholars do not consider real estate business to be correct.
- debt to equity: NBCC India is currently a debt free company.
7. Sagility India Limited
- core business: The company’s core business is related to healthcare, which is considered acceptable according to Islamic Shari’ah.
- debt to equity: The company has low debt which is a good thing
8. trident limited
- core business: The main business of the company is related to the production of textiles and paper, which is proper according to Shari’ah.
- debt to equity: The debt on the company is a bit high, it should have been less than 33
9. Ease my Trip
- Business Activity: Easy Trip Planners Limited is an Indian online travel agency that provides services like air tickets, hotel bookings, rail and bus tickets which are acceptable according to Sharia.
- debt to equity: The company’s debt to equity are also very low
10. Tamilnadu Petro
- Business Activity: The main business of the Company is related to production of Chemicals, which is permissible as per Shari’ah.
- debt to equity: The company also has low debt levels, making it a good option for investment
Final Thoughts
Finding halal stocks priced under Rs 100 is a great way to start your investing journey. Remember, investing is a long-term commitment, and it’s important to stay informed and make decisions that align with your faith and financial goals.
If you’re not sure where to start, consider consulting a financial advisor specializing in Islamic finance.
- Disclaimer: This blog is for informational purposes only and is not financial advice. Always do your own research or consult a professional before making any investment decisions. Thank you and happy investing!