What are halal stocks

Halal stocks are stocks that comply with Islamic law or Shariah. They are recognized as a type of investment that follows the principles of Islam and is permissible under Shariah. These stocks are often found in the financial markets and can be traded by Muslim investors. Halal stocks are selected based on certain criteria, which include avoiding companies that engage in activities that are considered haram, or unlawful, according to Shariah. This can include industries such as alcohol, tobacco, gambling, and pornography. Investors who choose to invest in halal stocks do so as a way to align their investments with their faith and values. Some examples of halal stocks include technology companies, healthcare companies, and consumer goods companies that meet the criteria for halal investments. It is important for investors to do their own research and seek guidance from Islamic scholars to ensure that their investments are truly halal.