Loading BarakFi
Loading BarakFi
Syncing the latest BarakFi data and interface
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%
Jump to page:
Curated Collection
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.
7
Compliant
2
Requires review
1
Not compliant
10
Total screened
Compliance Breakdown
70% Compliant
20% Review
10% Not Compliant
Collection Note
Updated quarterly. Educational context only — not financial advice or certification.
Sort by:
| # | Company | Sector | Market Cap | Debt Ratio | Status |
|---|---|---|---|---|---|
| 1 | TCS Tata Consultancy Services Limited | Information Technology | ₹9.32 L Cr | 20% | Compliant |
| 2 | INFY Infosys Limited | Information Technology | ₹5.34 L Cr | 20% | Compliant |
| 3 | WIPRO Wipro Limited | Information Technology | ₹2.2 L Cr | 20% | Not Compliant |
| 4 | HCLTECH HCL Technologies Limited | Information Technology | ₹3.92 L Cr | 20% | Compliant |
| 5 | TECHM Tech Mahindra Limited | Information Technology | ₹1.32 L Cr | 20% | Compliant |
| 6 | LTIM LTIMindtree Ltd | Information Technology | ₹1.34 L Cr | 20% | Requires Review |
| 7 | PERSISTENT Persistent Systems Limited | Information Technology | ₹86,009 Cr | 20% | Requires Review |
#1
CompliantTCS
Tata Consultancy Services Limited
SectorInformation Technology
Market Cap₹9.32 L Cr
Debt Ratio20%
ExchangeNSE
#2
CompliantINFY
Infosys Limited
SectorInformation Technology
Market Cap₹5.34 L Cr
Debt Ratio20%
ExchangeNSE
#3
Not CompliantWIPRO
Wipro Limited
SectorInformation Technology
Market Cap₹2.2 L Cr
Debt Ratio20%
ExchangeNSE
#4
CompliantHCLTECH
HCL Technologies Limited
SectorInformation Technology
Market Cap₹3.92 L Cr
Debt Ratio20%
ExchangeNSE
#5
CompliantTECHM
Tech Mahindra Limited
SectorInformation Technology
Market Cap₹1.32 L Cr
Debt Ratio20%
ExchangeNSE
#6
Requires ReviewLTIM
LTIMindtree Ltd
SectorInformation Technology
Market Cap₹1.34 L Cr
Debt Ratio20%
ExchangeNSE
#7
Requires ReviewPERSISTENT
Persistent Systems Limited
SectorInformation Technology
Market Cap₹86,009 Cr
Debt Ratio20%
ExchangeNSE
Clear verdicts.
Always free.
Access the full BarakFi screener to filter by any sector, status, market cap, or index — with complete ratio transparency.No account required.
Open Full ScreenerEducational screening only · Not a religious ruling · Not financial advice
Compliant Stocks · India 2026
Shariah-Compliant
Stocks in India
Stocks in India
The complete list of Shariah-compliant equities on NSE & BSE, screened using AAOIFI-aligned criteria. 0 stocks across 0 sectors pass all four compliance tests.
0
Compliant stocks
0
Requires review
0
Sectors
0
Total screened
Top Compliant Sectors
All Compliant Stocks
| # | Company | Sector | Price | Market Cap | Status |
|---|
Educational only · Not a religious ruling · MethodologyUpdated quarterly after results · v2026.04.2
Learn · Shariah Investing
Understand Shariah
Stock Screening
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
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
Digital India & Infosys Pioneer
Tech-Led Compounding
N. R. Narayana Murthy
Infosys Co-founder
Quality & Governance
Porinju Veliyath
Small Cap Czar
Deep Value / Contrarian
Rakesh Jhunjhunwala
The Big Bull of India
Value Investing
Uday Kotak
Kotak Mahindra Bank Founder
Financials & Quality
More investors
coming soon
coming soon
Warren Buffett · Peter Lynch · Mohnish Pabrai
Data from public disclosures · Educational only · Not financial advice · Methodologyv2026.04.2
Academy · Islamic Finance
Learn Islamic Finance
& Shariah Investing
& 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
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
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
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
Free academy modules · Educational only · Methodologyv2026.04.2