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Top Halal Stocks in India

Halal stocks allow investors to make ethical investments that follow Islamic principles. As more people look to align their finances with their values, halal stocks have become increasingly popular in India. In this blog, we’ll look at some top halal stocks in India, the industries they belong to, how to identify them, and more.
Table of Contents
  • Best Halal Stocks in India (2025)
    • Top Halal Stocks in 2025
    • How to Invest in Halal Stocks?
    • Overview of Best Halal Stocks in India
    • What are Halal Stocks?
    • What is Shariah Compliance?
    • What Makes a Stock Halal?
    • Key Principles of Shariah Investments
    • How to Identify the Best Halal Stocks in India?
    • Why Invest in Halal Stocks?
    • Who Should Invest in Halal Stocks?
    • Advantages of Investing in Halal Stocks
    • Factors to Consider Before Investing in Halal Stocks
    • What Are Halal Mutual Funds?
    • Conclusion
    • Frequently Asked Questions on Halal Stocks

Top Halal Stocks in 2026

Halal Investing Stock Screener

Halal Investing Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 10 of 10 results

last updated at 6:30 PM IST 
NameStocks (10)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Reliance Industries LtdRELIANCEOil & Gas - Refining & MarketingOil & Gas - Refining & Marketing19,77,906.2019,77,906.201,461.601,461.6028.4028.400.740.74-0.44-0.445.445.4416.5916.591.961.967.207.208.718.710.380.380.370.371.591.59
2.Tata Consultancy Services LtdTCSIT Services & ConsultingIT Services & Consulting10,66,684.5610,66,684.562,948.202,948.2021.9721.970.220.22-8.51-8.51-3.05-3.05-26.97-26.9711.1411.1451.9051.9062.5962.594.274.270.100.101.681.68
3.Infosys LtdINFYIT Services & ConsultingIT Services & Consulting6,05,720.766,05,720.761,497.201,497.2022.6822.68-0.66-0.66-7.29-7.294.834.83-20.37-20.376.306.3028.9328.9336.2336.232.942.940.090.092.042.04
4.Hindustan Unilever LtdHINDUNILVRFMCG - Household ProductsFMCG - Household Products5,72,125.475,72,125.472,435.002,435.0053.7353.730.450.452.352.35-1.71-1.714.834.8311.5311.5321.0821.0823.3923.392.182.180.030.031.451.45
5.Maruti Suzuki India LtdMARUTIFour WheelersFour Wheelers4,70,912.184,70,912.1814,978.0014,978.0032.4832.48-0.13-0.13-9.96-9.9618.9018.9016.1016.104.894.8915.9515.9519.5419.540.900.900.000.001.671.67
6.HCL Technologies LtdHCLTECHIT Services & ConsultingIT Services & Consulting4,33,422.754,33,422.751,602.001,602.0024.9224.920.520.52-3.52-3.527.667.66-7.60-7.606.226.2225.2125.2131.2731.273.763.760.090.091.931.93
7.Sun Pharmaceutical Industries LtdSUNPHARMAPharmaceuticalsPharmaceuticals4,08,990.644,08,990.641,704.601,704.6037.4237.420.560.56-3.19-3.195.985.98-1.59-1.595.645.6415.6615.6618.9718.970.940.940.030.031.661.66
8.UltraTech Cement LtdULTRACEMCOCementCement3,83,790.863,83,790.8613,048.0013,048.0063.5563.552.562.568.638.635.185.1813.1413.145.195.199.009.009.069.060.600.600.330.331.551.55
9.Titan Company LtdTITANPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches3,77,686.133,77,686.134,257.804,257.80113.18113.182.822.820.230.2322.7822.7827.9627.9632.4932.4931.7631.7636.9536.950.260.261.791.791.671.67
10.Adani Enterprises LtdADANIENTCommodities TradingCommodities Trading2,78,283.592,78,283.592,250.102,250.1039.1339.131.061.062.202.201.641.641.311.314.934.9314.1314.1310.9310.930.050.051.631.632.612.61
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Halal companies in India, based on publicly available information and is sroted by market cap.

How to Invest in Halal Stocks?

Investing in halal stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in halal stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
  3. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  4. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  5. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of Top Halal Stocks in India

Reliance Industries Ltd

Founded in 1966, Reliance Industries is a large conglomerate with interests in petrochemicals, refining, oil, telecommunications, and retail. It is one of the largest companies in India by market capitalisation.

Tata Consultancy Services Ltd

Established in 1968, TCS is a global leader in IT services and consulting. It provides business solutions across various industries and is part of the Tata Group, making it one of India’s largest tech firms.

Infosys Ltd

Founded in 1981, Infosys is a multinational IT consulting company. It offers software development, business process outsourcing, and consulting services. Infosys plays a key role in the global technology industry.

Hindustan Unilever Ltd

Founded in 1933, HUL is one of India’s largest consumer goods companies. It offers products in food, beverages, home care, and personal care. A subsidiary of Unilever, HUL is a well-known household brand in India.

Maruti Suzuki India Ltd

Founded in 1981, Maruti Suzuki is India’s leading automobile manufacturer. Known for producing affordable cars, it is a joint venture between Suzuki Motor Corporation and the Indian government.

What Are Halal Stocks?

Halal stocks are shares of companies whose activities follow Islamic principles (Shariah law). These stocks are considered ethical investments for people who follow Islamic guidelines or are interested in ethically responsible investing. Shariah law excludes companies involved in alcohol, gambling, pork products, and interest-based financial activities.



What Is Shariah Compliance?

Shariah compliance means following Islamic laws and principles. For investments, this involves avoiding activities like alcohol, gambling, and earning interest. Shariah-compliant companies in India also keep debt low and follow ethical business practices.



What Makes a Stock Halal?

  1. Business Activity: The company should not be involved in industries that are prohibited under Shariah law, such as tobacco, alcohol, gambling, or products related to pork.
  2. Debt-to-Equity Ratio: The company should not rely heavily on interest-based debt. A common rule is that total debt should not be more than 33% of the company’s total assets.
  3. Income from Non-Compliant Activities: Revenue from non-permissible activities should not make up more than 5% of the company’s total income.
  4. Ethical Practices: The company should follow transparent and ethical business practices, ensuring accountability and integrity in its operations.

How to Identify the Best Halal Stocks in India?

  1. Analyse Core Activities: Check that the company avoids industries prohibited in Islam, such as gambling, alcohol, and conventional banking. Sectors like technology, healthcare, and renewable energy often align with Islamic values.
  2. Check Financial Ratios: Use tools like the Tickertape Stock Screener to verify Shariah compliance. Look for companies with debt under 33% of their market value and non-halal income below 5%.
  3. Refer to Shariah Indices: Use indices like the NIFTY 500 Shariah Index, which lists stocks already verified as Shariah-compliant. This helps make identifying suitable investment options easier.
  4. Evaluate Governance Practices: Look for companies with strong ethical governance and adherence to Environmental, Social, and Governance (ESG) standards, as these align with Shariah values.
  5. Stay Updated: Follow trends in sectors like renewable energy, technology, and healthcare, which often align with Islamic principles, to find promising investment opportunities.

Benefits of Investing in Halal Stocks

Ethical Alignment

Halal stocks allow investors to support businesses that align with their religious values and ethical beliefs. These investments avoid industries like alcohol, gambling, and conventional banking, which are prohibited in Islam.

Shariah Compliance

Investing in Shariah-compliant companies ensures that wealth is earned in an ethical way and follows Islamic principles. This gives peace of mind to investors, knowing their financial activities are in line with their faith.

Social Responsibility

Halal investing supports companies that prioritise sustainable development and social welfare, ensuring that investments contribute positively to society and the environment.

Risks of Investing in Halal Stocks

Limited Investment Options

There are fewer Shariah-compliant stocks compared to traditional investments. This means investors have fewer companies to choose from, which can make it harder to diversify their portfolio.

Market Risk and Volatility

Halal stocks are still subject to market changes and fluctuations. Even though they follow ethical guidelines, things like economic downturns or industry challenges can still affect their performance.

Strict Financial Criteria

Halal stocks have to meet certain rules, like keeping debt levels low and ensuring non-halal income is minimal. This can limit investment choices, as some potentially good companies may not meet these criteria.

Shariah Compliance Costs

To make sure a company follows Shariah principles, it may need to have its financial practices reviewed by Shariah boards. This process can add extra costs, which may impact the company’s overall performance.

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Factors to Consider Before Investing in Halal Stocks

Shariah Compliance

It’s important to ensure that the company adheres to Shariah principles, which means avoiding activities like alcohol, gambling, and interest-based finance. The company’s income should also align with Islamic guidelines.

Market Conditions and Risk

Like all investments, halal stocks are impacted by market conditions. Understanding the overall market trends, potential risks, and how they affect specific sectors can help investors make informed decisions.

Financial Ratios

Halal stocks often have specific financial criteria, such as maintaining low debt and ensuring a small portion of income comes from non-halal activities. These factors can affect the overall stability and growth potential of the stock.

Governance and Transparency

Ethical governance practices are important for Shariah-compliant companies. Transparency in how the company operates and manages its business ensures it meets the high standards expected of Halal investments.

Shariah Board or Certification

Many Halal stocks are certified by Shariah boards or listed on Shariah-compliant indices, such as the NIFTY Shariah Index. This certification provides confidence that the stock meets the necessary religious and ethical standards.

Conclusion

Halal stocks allow investors to align their investments with Islamic principles while seeking growth in various industries. However, investors should be aware of risks like limited investment options, market volatility, and strict financial criteria. It’s important to carefully analyse each stock to ensure it meets both financial and Shariah standards. To help with this, investors can use tools like Tickertape Stock Screener, which offers detailed analysis with over 200 filters for a more thorough evaluation of halal stocks before making investment decisions..

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Frequently Asked Questions on Halal Stocks

  1. What are halal stocks?

    Halal stocks are shares of companies that comply with Shariah (Islamic) principles, meaning they avoid activities like gambling, alcohol, and interest-based finance. These stocks also follow ethical business practices and maintain a balance between their profits and compliance with Islamic laws.

  2. How do I know if a stock is Shariah-compliant?

    You can check if a stock is Shariah-compliant by referring to resources like the NIFTY Shariah Index, which lists stocks that meet Shariah guidelines. Additionally, many companies undergo certification by Shariah boards that ensure their financial practices align with Islamic principles.

  3. What are the best halal stocks in India?

    As of 17th December 2025, some of the best halal stocks in India, as per market capitalisation, are:
    1. Reliance Industries Ltd
    2. Tata Consultancy Services Ltd
    3. Infosys Ltd
    4. Hindustan Unilever Ltd
    5. Maruti Suzuki India Ltd

    Disclaimer: The above halal stock list is for educational purposes only and should not be considered investment advice.

  4. How do I find a list of halal stocks in India?

    Investors can find list of halal stocks in India using tools like the Tickertape Stock Screener, which allows investors to filter and analyse Shariah-compliant stocks based on various criteria, including financial health, industry type, and ethical practices.

  5. Can I invest in halal stocks if I don’t follow Islamic principles?

    Yes, anyone can invest in Halal stocks if they are interested in ethical investing. Halal stocks focus on companies with strong ethical guidelines, which can appeal to anyone looking to support businesses that prioritise responsible and sustainable practices.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.