Halal stocks to invest in 2023

Best 12 Halal stocks to invest in 2023

Today I am going to tell you some 12 stocks related to halal stocks in which you can invest without hesitation! Not only this, you can hold these stocks for your future as well! If you do not know what is halal stocks and why it was named halal, then let’s know some special things about it.

What is Halal stocks:- Halal is an Arabic word meaning “permissible” or “lawful”. According to Islam, halal refers to food and drink that are permitted for consumption according to Islamic law. Eating some such animals is forbidden in Islam. Which is prohibited to invest in such shares in the religion of Islam! Now you must have understood what is meant by Halal.

12 List of Halal Stock 2023

1. AMD (AMD)
2. Nvidia (NVDA)
3. Adobe (ADBE)
4. Nike (NKE)
5. Johnson & Johnson (JNJ)
6. Peloton Interactive (PTON)
7. Zoom Inc (ZM)
8. Lululemon (LULU)
9. Visa (V)
10. Abbott Labs (ABT)
11. The TJX Companies (TJX)
12. Tractor Supply Company (TSCO)

Now you must have been worried about the questions arising in your mind whether this stock is Halal stock or not! How much return can these stocks give us in the coming future, I am going to answer all these questions in this post.

1. AMD (AMD) Stock 

AMD is a Micro Devices company that is used in computer gaming. If seen, this is one of the most famous companies of us! Talking about stock performance, this stock has given investors a profit of up to 51.03%

Market Cap: $108.415B

Sharia Score: 5

Performance (52-Week Change): -51.03%

(As of 9th Jan 2023)

2. Nvidia (NVDA) Stock 

Market Cap: $389.45B
Performance (52-Week Change): -43.82%
Sharia Score: 5
(As of 9th Jan 2023)

Nvidia has also been included in the list of top 12! Nvidia has also been included in the list of top 12! This company has also been manufacturing computer-related graphics, graphics processing unit (GPU) etc. In a few years, this company has given investors a growth of about 43.82%! The market cap of the company is around $389.45B which is a good score growth.

3. Adobe (ADBE) Stock 

Market Cap: $459.05B
Performance (52-Week Change): 2.53%
Sharia Score: 3
(As of 9th Jan 2023)

Adobe Inc is a software company that develops software related to computers. Adobe Inc is a software program application employer that develops software program applications related to computers. The enterprise employer helps create merchandise and choices used via business enterprise professionals, marketers, appreciation workers, software program developers, enterprises, and consumers. Its market cap is around $158.987B. This company has also given almost 35.46% return to the investors.

4. Nike (NKE)

Market Cap: $193.587B
Performance (52-Week Change): -16.93%
Sharia Score: 4
(As of 9th Jan 2023)

This company is famous all over the world by its name. We all know that this is a famous shoe-manufacturing company. In addition, Nike, Inc. Also designs athletic footwear, apparel, equipment, add-ons. If the graph of 5 years is checked, then it has given a lot of profit to the people in the stock market!

8. Lululemon (LULU)

Market Cap: $38.084B
Performance (52-Week Change): -13.87%
Sharia Score: 5

Lululemon Athletica Co. is a designer, distributor and retailer of athletic apparel and accessories inspired by Sally A Life. Its market cap is around $38.084B. Talking about the performance, it has given a profit of 13.87% to its investors.

9. Visa (V)

We all probably know about Visa. Visa is a payment technology company that works to connect its customers with electronic payments to merchants, financial institutions, businesses, strategic partners & government entities.

10. Abbott Labs.

As we all must have come to know from the name itself that this is a lab where healthcare products are discovered! Tell You The company operates through four verticals namely Pharmaceutical Products, Diagnostic Products, Nutritional Products & Medical Devices, etc.

11. The TJX Companies (TJX)

Market Cap: $94.185B
Performance (52-Week Change): 9.84%
Sharia Score: 5

The TJX Company is a leading off-price apparel and home fashion retailer in the United States and around the world.

12. Tractor Supply Company (TSCO)

Market Cap: $24.023B
Performance (52-Week Change): -3.68%
Sharia Score: 5

Tractor Supply Company is one of America’s most popular rural lifestyle retail stores! The company focuses on serving the needs of businesses such as recreational farmers and ranchers! Talking about the market cap, its total market cap is $24.023B!

How to Buy Halal Stocks 2023?

Below are the steps you should follow before buying Halala Stock:-

1. First of all, know about halal investment :– First of all you start investing in halal shares it is important to understand what is meant by halal investment. Halal investment involves investing in companies that strictly adhere to Islamic principles and values. I mean to say that these stocks are not related to such as alcohol, tobacco, gambling, and weapons.
2. Halal Stock Options:– Whenever you are thinking of investing in Halal stock or you do not understand which stock to choose which is following all the rules of Halal, then first of all take the advice of your financial advisor.
3. First know the background of the company:-Whenever you are thinking of investing in the stock market, first of all it is very important to know about the background of the company, investing without knowing it will be equivalent to hitting an ax on your foot.