Disclaimer: Please be advised that the information provided in this article is relevant as of the time of its composition. However, it is important to recognize that due to the periodic release of new financial reports on a quarterly basis, the status of the mentioned stocks may change. Therefore, readers are encouraged to exercise diligence and consult updated financial information before making any investment decisions.
Investing in the stock market can be complex, especially when adhering to ethical guidelines. In Egypt, a number of Halal stocks present opportunities for those seeking to invest according to Islamic principles. Here, we explore 20 halal stocks that align with ethical investment standards.
To help you navigate your investment journey with confidence, we offer detailed reports on each Halal stock featured in our list. These reports provide in-depth insights and analyses to inform your investment decisions.
List of Halal Stocks in Egypt Based from Highest to lowest Level of Shariah-Compliance
| Company Name | Ticker | Market Cap | Shariah-Compliance Status | Halal Ranking |
| Abu Dhabi Islamic Bank Egypt SAE | ADIB.CA | EGP25.50B | Halal | ★ ★ ★ ★ ★ |
| Al Baraka Bank Egypt SAE | SAUD.CA | EGP10.94B | Halal | ★ ★ ★ ★ ★ |
| Arab Moltaka Investments Company SAE | AMIA.CA | EGP1.12B | Halal | ★ ★ ★ ★ ★ |
| AT Lease SAE | ATLC.CA | EGP836.17M | Halal | ★ ★ ★ ★ ★ |
| Faisal Islamic Bank of Egypt SAE | FAITA.CA | EGP565.67M | Halal | ★ ★ ★ ★ ★ |
| Atlas for Investment & Food Industries SAE | AIFI.CA | EGP308.06M | Halal | ★ ★ ★ ★ ★ |
| Cairo for Educational Affairs SAE | CAED.CA | EGP264.60M | Halal | ★ ★ ★ ★ ★ |
| Gharbia Islamic Housing Development Company SAE | GIHD.CA | EGP140.12M | Halal | ★ ★ ★ ★ ★ |
| Misr Beni-Suef Cement Company SAE | MBSC.CA | EGP3.50B | Halal | ★ ★ ★ ★ ☆ |
| Alexandria Medical Services SAE | AMES.CA | EGP1.00B | Halal | ★ ★ ★ ★ ☆ |
| Delta Co for Construction and Rebuilding SAE | DCRC.CA | EGP462.35M | Halal | ★ ★ ★ ★ ☆ |
| Extracted Oil and Derivatives Co SAE | ZEOT.CA | EGP562.00M | Halal | ★ ★ ★ ★ ☆ |
| Misr Oils and Soap Co SAE | MOSC.CA | EGP387.84M | Halal | ★ ★ ★ ★ ☆ |
| Gulf Canadian Company for Arab Real Estate Investment SAE | CCRS.CA | EGP98.50M | Halal | ★ ★ ★ ★ ☆ |
| National Drilling Co SAE | NDRL.CA | EGP21.00B | Halal | ★ ★ ★ ★ ☆ |
| Cleopatra Hospital SAE | CLHO.CA | EGP8.53B | Halal | ★ ★ ★ ☆ ☆ |
| Macro Group Pharmaceutical SAE | MCRO.CA | EGP1.77B | Halal | ★ ★ ★ ☆ ☆ |
| Alexandria Company for Pharmaceuticals and Chemical Industries SAE | AXPH.CA | EGP1.20B | Halal | ★ ★ ★ ☆ ☆ |
| Ajwa for Food Industries Co Egypt SAE | AJWA.CA | EGP1.04B | Halal | ★ ★ ★ ☆ ☆ |
| Speed Medical SAE | SPMD.CA | EGP801.91M | Halal | ★ ★ ★ ☆ ☆ |
What Does Halal Ranking Mean?
Musaffa uses the AAOIFI method to check if stocks follow Shariah principles. Our analysts review all available information, like reports and press releases, to provide a detailed analysis of each company.
Stocks that meet Shariah standards are ranked from 1 to 5, with 1 being the lowest compliance and 5 being the highest. This ranking helps Muslim investors make informed decisions.
A higher rating means the stock follows Shariah principles better, giving investors more confidence that it will stay halal. A lower rating suggests the stock might become non-halal if the company’s finances change.
Latest Developments in Islamic Finance and Halal Investing in Egypt
Islamic finance and Halal investing in Egypt are experiencing significant growth and transformation, fueled by a rising global Muslim population and increasing demand for Shariah-compliant financial products. These changes are propelling the financial markets to innovate and expand their offerings to cater to ethical and religious considerations.
1. Surge in Halal Investments
Recent reports indicate a notable surge in Halal investments within Egypt, with increased capital flowing into sectors that comply with Islamic principles. This growth is part of a broader trend where the value of Islamic finance assets globally is expected to reach nearly $6 trillion by 2025/26.
2. Advancements in Sukuk Issuance
Egypt is participating in the robust activity around Sukuk issuances, which have seen a significant rise globally. These Islamic bonds are crucial for funding various developmental and infrastructural projects, aligning with Shariah principles. In 2024, the global sukuk market started strong, indicating a continuous interest in these financial instruments.
3. Technological Enhancements
The integration of technology in Islamic finance is notably enhancing accessibility and compliance. Digital platforms and apps dedicated to Shariah-compliant investments are becoming more prevalent, allowing a broader audience to engage in Halal investing more easily.
4. Focus on Ethical Investing
There is a growing trend towards ethical investing, with investors increasingly seeking to align their financial activities with their personal values. Halal investing naturally fits into this trend, emphasizing social responsibility and avoidance of industries that negatively impact society or the environment.
5. Educational and Regulatory Developments
Efforts to educate the public about Islamic finance are ramping up, with an increase in resources and community support. Additionally, regulatory frameworks are being adapted to better support the growth and integration of Shariah-compliant financial practices in Egypt’s mainstream financial systems.
6. Globalization and Market Expansion
The globalization of financial markets is introducing Islamic finance and Halal investing to a wider audience, both Muslim and non-Muslim. This broadening appeal is helping to integrate these practices into the global financial landscape, enhancing their visibility and acceptance.
Conclusion
The landscape of Islamic finance and Halal investing in Egypt is poised for continued growth, driven by demographic shifts, technological advancements, and a global trend toward ethical investing. These factors are helping to shape a robust market that not only adheres to Islamic principles but also promotes broader financial inclusion and ethical investment practices.
Disclaimer: Important information