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NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%
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Explore · Collections
Curated Stock
Collections
Thematic baskets of Shariah-screened stocks across sectors and markets. Each collection is researched, labeled, and updated quarterly.
10
Collections
200
Stocks covered
NSE & BSE
Both exchanges
Quarterly
Updated
🏛️
Halal Blue Chips India
Top Shariah-compliant large-cap stocks on the NSE. These blue-chip companies have strong fundamentals, low debt ratios, and minimal exposure to non-permissible revenue streams.
20 stocks→
💻
Halal IT Stocks
Leading Indian IT services and technology companies that pass Shariah screening criteria. The IT sector naturally carries low debt and negligible non-permissible income.
10 stocks→
💊
Halal Pharma & Healthcare
Shariah-compliant pharmaceutical manufacturers and healthcare providers listed on Indian exchanges. These companies focus on life-saving therapies and hospital services with clean balance sheets.
10 stocks→
🚗
Halal Auto Stocks
Shariah-compliant automobile manufacturers, two-wheeler makers, and auto component suppliers from India. Includes OEMs and ancillary companies with conservative capital structures.
9 stocks→
🇺🇸
S&P 500 Halal
The largest US-listed companies that comply with Shariah investment guidelines. This collection tracks the top constituents of the S&P 500 that pass standard Islamic finance screens for debt, interest income, and business activity.
10 stocks→
🇬🇧
FTSE 100 Halal
Shariah-compliant constituents of the UK FTSE 100 index. Features multinational blue chips listed on the London Stock Exchange that meet Islamic screening thresholds for leverage, cash positioning, and permissible revenue.
10 stocks→
📉
Low Debt Leaders
Companies with exceptionally low debt-to-market-cap ratios, making them strong candidates for conservative halal portfolios. Ideal for investors seeking minimal leverage risk.
10 stocks→
🛒
Halal FMCG
Fast-moving consumer goods companies that pass Shariah screening. These defensive, cash-generative businesses sell everyday essentials and carry minimal interest-bearing debt.
10 stocks→
🏗️
Halal Cement & Infra
Shariah-compliant cement producers and infrastructure companies benefiting from India's capex cycle. These asset-heavy businesses still maintain permissible financial ratios under standard screens.
10 stocks→
💎
Small Cap Gems
High-growth small-cap technology and services companies that are Shariah-compliant. These emerging leaders offer strong revenue growth with low leverage, suitable for higher risk-tolerance investors.
10 stocks→
Educational only · Not financial advice · Updated quarterly · Methodologyv2026.04.2
Compliant Stocks · India 2026
Shariah-Compliant
Stocks in India
The complete list of Shariah-compliant equities on NSE & BSE, screened using AAOIFI-aligned criteria. 32 stocks across 12 sectors pass all four compliance tests.
32
Compliant stocks
91
Requires review
12
Sectors
200
Total screened
Top Compliant Sectors
Consumer Goods 5Energy 4Metals & Mining 4Pharmaceuticals 4Chemicals 3Healthcare 3Automobile 2Cement 2
All Compliant Stocks
#CompanySectorPriceMarket CapStatus
1
RELIANCE logo
RELIANCE
Reliance Industries Limited
Energy₹1,343₹18.18 L CrCompliant
2
MARUTI logo
MARUTI
Maruti Suzuki India Limited
Automobile₹13,335₹4.19 L CrCompliant
3
ONGC logo
ONGC
Oil and Natural Gas Corporation Limited
Energy₹283₹3.56 L CrCompliant
4
ULTRACEMCO logo
ULTRACEMCO
UltraTech Cement Limited
Cement₹11,826₹3.48 L CrCompliant
5
DMART logo
DMART
Avenue Supermarts Limited
Consumer Goods₹4,428₹2.89 L CrCompliant
6
COALINDIA logo
COALINDIA
Coal India Limited
Metals & Mining₹433₹2.67 L CrCompliant
7
NESTLEIND logo
NESTLEIND
Nestlé India Limited
Consumer Goods₹1,257₹2.42 L CrCompliant
8
ASIANPAINT logo
ASIANPAINT
Asian Paints Limited
Chemicals₹2,440₹2.34 L CrCompliant
9
HINDALCO logo
HINDALCO
Hindalco Industries Limited
Metals & Mining₹1,040₹2.33 L CrCompliant
10
DIVISLAB logo
DIVISLAB
Divi's Laboratories Limited
Pharmaceuticals₹6,294₹1.67 L CrCompliant
View All 32 Compliant Stocks →
Educational only · Not a religious ruling · MethodologyUpdated quarterly after results · v2026.04.2
Learn · Shariah Investing
Understand Shariah
Stock Screening
Articles on halal investing, how Shariah stock screening works on Indian exchanges, case studies, and how to use the screener responsibly.
All Topics
Shariah Basics
Screening Method
Purification
Zakat
Case Studies
How-To Guides
Shariah Basics · Beginner
What does it mean for a stock to be Shariah-compliant?
A plain-language explanation of the four criteria used to screen stocks — debt ratio, interest income, business activity, and receivables — and why each matters in Islamic finance.
8 min read·Read Article →
The 4 Criteria
Debt RatioBelow 33%
Interest IncomeBelow 5%
Business ActivityPermissible
ReceivablesBelow 50%
Screening Method
How BarakFi screens stocks: the AAOIFI methodology explained
A deep dive into the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standard and how we apply it to NSE and BSE stocks.
12 min read·Read →
Case Study
Is Reliance Industries Shariah-compliant? A full ratio analysis
We walk through every ratio for India's largest company — explaining why RELIANCE currently shows "Requires Review" and what that means for your research.
10 min read·Read →
Purification · Practical
How to calculate dividend purification — step by step
When a compliant stock earns small amounts of non-permissible income, shareholders need to purify their proportional share. This guide shows you how.
6 min read·Read →
Zakat
How to calculate Zakat on your stock portfolio in India
The two main scholarly approaches to Zakat on shares — the Zakatable Assets Method and the Market Value Method — explained with worked examples using Indian stocks.
9 min read·Read →
How-To Guide
Using the BarakFi screener: a complete walkthrough
From filtering by sector and compliance status to reading ratio breakdowns and building a watchlist — everything you need to get the most from the screener.
7 min read·Read →
Case Study
Why IT stocks are almost always Shariah-compliant
The Indian IT sector — TCS, Infosys, Wipro, HCL — passes all four screening criteria almost universally. We explain why service businesses are structurally clean.
6 min read·Read →
Educational articles · Not religious rulings · Methodologyv2026.04.2
Super Investors · Portfolios
Legendary Investor
Portfolios
Follow the portfolios of legendary investors — Warren Buffett, Rakesh Jhunjhunwala, Narayana Murthy, and more — and see which of their holdings pass Shariah screening.
Nandan Nilekani
Nandan Nilekani
Digital India & Infosys Pioneer
Tech-Led Compounding
7 holdingsIndia
N. R. Narayana Murthy
N. R. Narayana Murthy
Infosys Co-founder
Quality & Governance
7 holdingsIndia
Porinju Veliyath
Porinju Veliyath
Small Cap Czar
Deep Value / Contrarian
6 holdingsIndia
Rakesh Jhunjhunwala
Rakesh Jhunjhunwala
The Big Bull of India
Value Investing
5 holdingsIndia
Uday Kotak
Uday Kotak
Kotak Mahindra Bank Founder
Financials & Quality
7 holdingsIndia
More investors
coming soon
Warren Buffett · Peter Lynch · Mohnish Pabrai
Sample: Compliant Holdings
StockCompanySectorCompliance
RELIANCEReliance Industries LimitedEnergyCompliant
MARUTIMaruti Suzuki India LimitedAutomobileCompliant
ONGCOil and Natural Gas Corporation LimitedEnergyCompliant
ULTRACEMCOUltraTech Cement LimitedCementCompliant
DMARTAvenue Supermarts LimitedConsumer GoodsCompliant
View Full Portfolios →
Data from public disclosures · Educational only · Not financial advice · Methodologyv2026.04.2
Academy · Islamic Finance
Learn Islamic Finance
& Shariah Investing
Free educational resources on Islamic finance, Shariah-compliant screening, halal stocks, purification, Zakat, and how to read financial ratios. Start from the basics or jump to a specific topic.
◆
From Zero to Screener
No prior finance knowledge needed. Learn what stocks are, what Shariah compliance means, and how to use BarakFi in under an hour.
◈
Understand Every Ratio
Deep dives into debt ratio, interest income %, receivables, and business activity screens — with worked examples using real Indian stocks.
◇
Practical Tools
Guides for the Purification Calculator, Zakat Calculator, Compare tool, and Watchlist — so you get the most out of every BarakFi feature.
01
Beginner · Foundation
Shariah Investing 101
The starting point. What is Shariah-compliant investing, why does it matter, and how does screening work in the context of Indian equity markets?
Core lesson sequence
Practical examples
BarakFi workflow guidance
Review checkpoints
4 lessonsStart →
02
Beginner · Screening
Reading Compliance Ratios
Learn to read and interpret the four financial ratios used in Shariah screening — with real examples from TCS, Reliance, and HDFC Bank.
Core lesson sequence
Practical examples
BarakFi workflow guidance
Review checkpoints
4 lessonsStart →
03
Intermediate · Practical
Purification & Zakat Tools
Understand how to translate screening results into practical investor actions using purification and zakat calculators built for Indian portfolios.
Core lesson sequence
Practical examples
BarakFi workflow guidance
Review checkpoints
4 lessonsStart →
04
Advanced · Workflow
Building a Halal Research Process
Move from one-off stock checks to a repeatable research workflow using collections, compare, watchlist, and screen-first portfolio review.
Core lesson sequence
Practical examples
BarakFi workflow guidance
Review checkpoints
4 lessonsStart →
Free academy modules · Educational only · Methodologyv2026.04.2
BarakFi
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