Stricter Hanafi
Mufti Taqi-compliant equities
For investors following the illiquid-asset rule (≥20% tangible assets).
The narrower set of equities that also satisfy Mufti Taqi Usmani's illiquid-asset floor — the rule that excludes most pure-software businesses. These names tend to be industrials, energy, hardware, and consumer-goods companies with real physical assets on their balance sheets.
Many of these still pass AAOIFI too — but here we're emphasising the additional tangible-asset filter that pure-software giants like Microsoft, Nvidia, Meta typically fail.
Stocks
24
Halal
13 (54%)
Avg yield
3.1%
Total cap
$13.8T
Screen against
| Company | Market cap | Div yield | Debt/cap | Impure inc. | Verdict |
|---|---|---|---|---|---|
AAPL Apple Inc. | $4.5T | 0.4% | 2.5% | 0.5% | Doubtful |
TSLA Tesla, Inc. | $1.5T | — | 0.6% | 1.8% | Halal |
2222.SR Saudi Aramco | $1.8T | 5.0% | 5.0% | 0.5% | Halal |
XOM Exxon Mobil Corporation | $621B | 3.3% | 7.0% | 0.1% | Halal |
CVX Chevron Corporation | $373B | 4.5% | 12.5% | 0.1% | Halal |
COP ConocoPhillips | $143B | 3.4% | 16.4% | 0.5% | Halal |
SHEL.L Shell plc | $180B | 4.0% | 58.1% | 0.7% | Doubtful |
JNJ Johnson & Johnson | $560B | 2.5% | 8.6% | 1.1% | Doubtful |
MRK Merck & Co., Inc. | $298B | 3.1% | 16.9% | 0.5% | Halal |
ABBV AbbVie Inc. | $401B | 2.9% | 17.2% | 0.4% | Doubtful |
PFE Pfizer Inc. | $148B | 6.9% | 45.4% | 1.0% | Not halal |
KO The Coca-Cola Company | $342B | 2.9% | 13.3% | 1.6% | Doubtful |
PEP PepsiCo, Inc. | $194B | 3.9% | 25.7% | 0.4% | Halal |
PG The Procter & Gamble Company | $341B | 2.5% | 10.4% | 0.6% | Halal |
WMT Walmart Inc. | $946B | 0.8% | 7.1% | 0.1% | Halal |
MCD McDonald's Corporation | $199B | 2.4% | 27.6% | 0.2% | Halal |
UPS United Parcel Service, Inc. | $92B | 6.4% | 35.0% | 0.3% | Doubtful |
UNP Union Pacific Corporation | $162B | 2.4% | 19.7% | 0.1% | Halal |
HON Honeywell International Inc. | $136B | 2.4% | 25.5% | 1.0% | Doubtful |
CAT Caterpillar Inc. | $417B | 1.0% | 10.4% | 0.7% | Halal |
DE Deere & Company | $157B | 1.4% | 40.6% | 0.9% | Doubtful |
PLD Prologis, Inc. | $135B | 3.1% | 26.0% | 0.5% | Halal |
O Realty Income Corporation | $57B | 5.7% | 57.9% | 0.3% | Not halal |
SPG Simon Property Group, Inc. | $68B | 4.6% | 42.8% | 0.5% | Doubtful |
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Other curated collections
Curated lists are starting points for research, not investment advice. Names are re-screened on every page load against the scholar you select above.