Explore the intersection of investing and Islamic law as we examine if stocks of major companies like Tesla and Apple are compliant with Sharia principles.
Is investing in Tesla stock haram?
Based on the data we found, we believe Tesla stock is halal (Shariah-compliant) because it passes all the criteria for the stock to be halal. To read more about Islamic Finance related topics, please click here and visit our academy. Feel free to sign up for our free stock screening services at musaffa.com.
Is Tesla halal or haram?
Tesla (TSLA): Tesla is the world’s 7th and the 3rd shariah compliant most valuable company with $528.59 Billion by market cap . Exxon Mobil (XOM): This is the world’s 9th and shariah compliant 4th most valuable company with a market cap of $470.22 Billion .
Is it halal to invest in Apple?
The number of securities that aim to receive interest should not exceed 30% of its market cap. So, it meets the last criteria as well. We at Musaffa found that Apple is one of the Halal stocks. However, Apple gets 1 score on the Musaffa platform, which means it is one of the least compliant stocks on our platform.
Is Nike stock halal?
The total amount of securities that earn interest should not exceed 30% of its market capitalization. Therefore, we conclude that it passes the last criteria as well. Nike successfully passes all the screening criteria. Therefore, Muslim investors can comfortably invest in this stock.
Is it halal to buy Google stock?
Although Alphabet Inc passes two financial screenings, more than 5% of its total revenue may come from unknown business activities. Therefore, Google stock is one of the doubtful stocks from a Sharia Perspective, and Muslim investors may want to avoid investing in such questionable investments.