There’s nothing wrong with investing in stocks in Islam according to shariah scholars, but Muslims must make sure that the stocks they are investing in are Shariah Compliant. Companies involved in alcohol, pork products, gambling, pornography, music, conventional banking, etc all violate this rule – and are therefore considered non-compliant
Updated November, 2022
Apple (AAPL): According to market cap data, Apple is the most valuable company in the world, with a market cap of $2.389 Trillion .
Saudi Aramco (2222.SR): Saudi Aramco has the second most valuable market cap with $1.955 Trillion .
Tesla (TSLA): Tesla is the world’s 7th and the 3rd shariah compliant most valuable company with $528.59 Billion by market cap .
Exxon Mobil (XOM): This is the world’s 9th and shariah compliant 4th most valuable company with a market cap of $470.22 Billion .
Johnson & Johnson (JNJ): Johnson & Johnson is the world’s 10th and shariah compliant 5th most valuable company with a market cap of $462.29 Billion .
Visa (V): Visa is the world’s 11th and shariah compliant 6th most valuable company with a market cap of $445.46 Billion
TSMC (TSM): TSMC is the world’s 12th and shariah compliant 7th most valuable company with a market cap of $428.05 Billion
NVIDIA (NVDA): NVIDIA is the world’s 14th and shariah compliant 8th most valuable company with a market cap of $399.66 Billion .
Chevron (CVX): Chevron is the world’s 17th and shariah compliant 9th most valuable company with a market cap of $359.44 Billion
Procter & Gamble (PG): Procter & Gamble is the world’s 19th and shariah compliant 5th most valuable company with a market cap of $345.07 Billion .
Wondering how you can check the Shariah compliant of stocks yourself? It’s pretty easy with the Amal Invest app:
Search for the stock’s name, in our example, you can see from the result the green check on Apple’s logo, which means it is shariah-compliant
To see more details, click on the stock where you’ll see a chart that shows the company’s performance from 1 day up to 5 years. Here you can also buy if you choose to invest in this stock
Here’s a link to sign up for Amal Invest for you to try this totally free feature! https://amalinvest.com/