What are halal stocks?

Halal stocks are stocks in companies that employ halal practices. Under the Islamic precepts of Shariah, investors are allowed to invest money in the stock market if certain criteria are met. If a person invests in halal stocks, any money he or she makes from these investments is also considered to be halal.

Where to invest in Shariah-compliant stocks?

We’ll cover the USA first. Shariah-compliant investments in America: For all Muslims who are looking for Halal investing options in America, here are some options: Wealthsimple – this is probably the number one platform in the US for investing per shariah law. Furthermore, they take the guesswork out of the process of selecting stocks.

What is finispia halal stocks screener?

The Finispia halal stocks screener application checks for shariah-compliant stocks from over 90 countries globally. This application functions on 5 Islamic investment methodologies that are scholar endorsed and provides daily updated data about your stocks.

Which halal stocks are covered by Musaffa?

The application covers halal stocks from countries like Singapore, the UK, the US, Canada, Indonesia, and Malaysia. Musaffa’s screening process follows the methodology of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to produce detailed and accurate reports on stocks.