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 undergo changes. Therefore, readers are encouraged to exercise diligence and consult updated financial information before making any investment decisions.
Investing as a Muslim in Malaysia can be a unique experience, especially when trying to stick to Shariah principles. With more Muslim investors wanting to grow their wealth without compromising their beliefs, the need for halal investments is increasing. The main challenge is finding stocks that are genuinely halal and Shariah-compliant.
Luckily, Malaysia’s stock market is emerging as a strong player in halal investments. With careful research and the right guidance, Muslim investors can discover stocks that align with their values. In this article, we present a list of 20 halal stocks in Malaysia, all meeting Shariah compliance standards. Whether you’re new to investing or have years of experience, this guide will help you build a diverse portfolio while staying true to your principles.
List of Halal Stocks in Malaysia by Market Capitalization
| Company Name | Ticker | Market Cap | Shariah-Compliance Status | Halal Ranking |
| PETRONAS Chemicals Group Bhd | PCHEM.KL | RM55.68B | Halal | ★ ☆ ☆ ☆ ☆ |
| CelcomDigi Bhd | CDB.KL | RM49.04B | Halal | ★ ★ ☆ ☆ ☆ |
| Press Metal Aluminium Holdings Bhd | PMETAL.KL | RM37.24B | Halal | ★ ★ ★ ☆ ☆ |
| Petronas Gas Bhd | PETGAS.KL | RM35.38B | Halal | ★ ☆ ☆ ☆ ☆ |
| Sime Darby Plantation Bhd | SIMEPLT.KL | RM29.53B | Halal | ★ ★ ★ ☆ ☆ |
| Nestle (Malaysia) Bhd | NESTLE.KL | RM28.37B | Halal | ★ ★ ★ ★ ★ |
| Maxis Bhd | MAXIS.KL | RM28.12B | Halal | ★ ★ ★ ☆☆ |
| IOI Corporation Bhd | IOICORP.KL | RM25.00B | Halal | ★ ☆ ☆ ☆ ☆ |
| Kuala Lumpur Kepong Bhd | KLK.KL | RM23.98B | Halal | ★ ★ ☆ ☆ ☆ |
| Telekom Malaysia Bhd | TM.KL | RM22.76B | Halal | ★ ☆ ☆ ☆ ☆ |
| Petronas Dagangan Bhd | PETDAG.KL | RM21.92B | Halal | ★ ★ ★ ★ ☆ |
| QL Resources Bhd | QL.KL | RM14.50B | Halal | ★ ★ ★ ★ ★ |
| Mr DIY Group (M) Bhd | MRDIY.KL | RM14.26B | Halal | ★ ★ ★ ★ ☆ |
| Malaysia Airports Holdings Bhd | AIRPORT.KL | RM13.90B | Halal | ★ ★ ☆ ☆ ☆ |
| Westports Holdings Bhd | WPRTS.KL | RM12.82B | Halal | ★ ★ ★ ★ ★ |
| Dialog Group Bhd | DIALOG.KL | RM12.08B | Halal | ★ ★ ☆ ☆ ☆ |
| Inari Amertron Bhd | INARI.KL | RM11.64B | Halal | ★ ☆ ☆ ☆ ☆ |
| Fraser & Neave Holdings Bhd | F&N.KL | RM10.60B | Halal | ★ ★ ★ ★ ☆ |
| TIME dotCom Bhd | TIMECOM.KL | RM9.89B | Halal | ★ ★ ☆ ☆ ☆ |
| United Plantations Bhd | UTDPLT.KL | RM9.75B | Halal | ★ ★ ☆ ☆ ☆ |
Landscapes of Halal Investing in Malaysia
The halal investment landscape in Malaysia is rapidly evolving, marked by significant growth and development across various sectors. Malaysia has established itself as a global leader in the halal industry, leveraging its robust regulatory framework and strategic initiatives to drive growth and attract investors.
Regulatory Framework and Certification
The Department of Islamic Development Malaysia (JAKIM) plays a crucial role in governing halal-related affairs, particularly halal certification. JAKIM’s certification is widely recognized internationally, enhancing Malaysia’s reputation as a trusted source for halal products and services. The Halal Development Corporation (HDC) also supports the industry’s growth by implementing strategic programs and initiatives aimed at expanding the halal market.
Key Sectors in Halal Investment
- Food and Beverages: This sector remains the largest contributor to the halal economy in Malaysia, valued at RM17.40 billion. The country’s robust halal certification and quality assurance systems make it a prime destination for halal food production and export.
- Pharmaceuticals and Cosmetics: The halal pharmaceutical and cosmetic sectors are emerging areas of growth. With increasing consumer awareness and demand for halal-certified products, these sectors are poised for expansion. Companies are encouraged to innovate and comply with halal standards to capture this growing market.
- Finance and Investment: Malaysia’s Islamic finance sector is well-developed, providing a range of Shariah-compliant investment opportunities, including halal stocks, Sukuk (Islamic bonds), and Shariah-compliant real estate investment trusts (i-REITs). The Bursa Malaysia platform offers a comprehensive suite of Shariah-compliant securities and services, facilitating easier access for investors.
- Halal Parks and Infrastructure: HDC has introduced several initiatives, including the Halal Integrated Platform (HIP) and Halal Parks, to support the growth of the halal industry. These initiatives aim to create a conducive environment for halal businesses, providing necessary infrastructure, financial support, and market access.
Challenges and Opportunities
While Malaysia’s halal industry continues to grow, it faces challenges such as global economic uncertainties and competition from other halal-producing nations. However, Malaysia’s commitment to innovation and strategic planning positions it well to overcome these challenges and capitalize on new opportunities. The introduction of the National Halal Digital Platform (NHDP) is expected to streamline halal certification processes, making it more accessible and efficient for businesses.
Future Prospects
Malaysia’s vision for the halal industry includes fostering global halal diplomacy, enhancing cross-border halal services, and promoting sustainable practices. By leveraging its strong foundation and exploring new markets, Malaysia aims to sustain its leadership in the global halal market and drive economic growth through the halal sector.
With its comprehensive regulatory framework, strategic initiatives, and robust industry support, Malaysia offers a dynamic and promising landscape for halal investing. Investors looking to align their portfolios with Shariah principles will find Malaysia a fertile ground for halal investments.
Source: Halal Development Corporation Berhad
Disclaimer: Important information
