If you want to know about the Halal Stocks to Invest In 2024, just read this whole article and it will become easy for you. In this article, I have mentioned the exact entry price of each halal stock.
Before the names of the halal stocks it is better to understand the exact definition of halal stocks and a list of halal stocks in the US.
Top 10 Halal Stocks to Invest In 2024
Hope you have watched the above video and so let us tell you that out of around 2,500 halal stocks listed on the stock exchanges of the US, here we present you the top 10 halal stocks to invest in 2024.
For your convenience, the table below also shows the Best Price to Enter and the target prices for short term and long term.
| Company | Best Price to Enter | Short-Term Target Price | Long-Term Target Price | Industry |
| Johnson & Johnson | $160 | $190 | $320 | Healthcare |
| Apple | $150 | $175 | $250 | Technology |
| Abbott Laboratories | $110 | $135 | $220 | Healthcare |
| Microsoft Corporation | $250 | $281 | $400 | Technology |
| Exxon Mobil | $90 | $105 | $150 | Energy |
| Chevron | $100 | $120 | $175 | Energy |
| ConocoPhillips | $95 | $110 | $160 | Energy |
| Texas Instruments Incorporated | $120 | $140 | $200 | Technology |
| McDonald’s Corporation (MCD) | $190 | $225 | $350 | Restaurant |
| Mastercard Incorporated (MA) | $300 | $358 | $485 | Payment Processing |
What are Halal Stocks
Before investing in halal stocks it is very important to understand what are halal stocks. They are often considered to be one of the investment options that exclusively adhere to Islamic principles. Muslim investors who tend to align their respective financial activities with their religious beliefs can prefer to invest in these stocks. You can also get a long list of halal stocks here.
In addition, the investors must ensure whether the halal company is following the Shariah law. As per this law, a company cannot have any business activity related to interest-based transactions or gambling activities or any kind of alcohol and pork-related businesses. On the other hand, the companies are allowed to operate in industries that involve the development of any technology, production of halal food items, activities involved in healthcare and renewable energy sectors, and other sectors. This can grow the wealth of Muslim investors if they start investing in Halal stocks and can simultaneously remain true to their religious values.
Also Read: Rivian Stock Price Prediction
What Makes a Stock Halal?
In the Islam region, the term “halal” refers to anything that is legally permissible. When it comes to investing, halal stocks are those that exclusively comply with the Shariah law – the companies that issue these stocks must never engage in any kind of activities that are considered haram, or forbidden, under Islamic law.
Considering business activities, halal stocks must be issued by companies that do not engage in any haram activities, such as the production or sale of alcohol, pork, or gambling products. In addition, these stocks must not be issued by companies that charge or receive interest, as this is considered to be riba or usury. Furthermore, considering the company’s corporate governance, these stocks must be issued by companies that have good corporate governance practices.
In the case of any investor who is a Muslim and is looking for halal stocks to invest in, there are a number of resources like websites and investment firms widely available that specialize in halal investing, and they can provide you with a list of halal stocks that meet your investment criteria. If you are a Muslim investor you can directly jump to the table containing the top 10 halal stocks to invest in 2024 above for your convenience.
If you are considering investing in halal stocks, you need to keep a few things in your mind. Firstly, you must make sure that you totally understand the principles of Islamic finance. Secondly, you need to find a very reputable investment firm that specializes in halal investing. Finally, you need to do your own research or consult any financial advisor and choose halal stocks accordingly that are well-managed and have good long-term prospects.
Also Read: Lucid Stock Price Prediction
Conclusion
Investing in good or emerging halal stocks is a great way to attain your desired financial goals in the long term while parallel adhering to remaining true to your Islamic beliefs. If you are truly considering halal stocks to invest in 2024, be sure to do your own research and choose halal stocks accordingly that are well-managed and have good long-term prospects. With proper planning and execution, you can achieve your financial goals which you are aiming for while also living in accordance with Islamic law.
