For investors seeking Sharia-compliant opportunities in Qatar, halal stocks offer a way to align financial goals with Islamic principles. These stocks adhere to strict ethical guidelines that prohibit investment in businesses involved in activities like gambling or interest-based lending.
In this article, we explore the fundamentals of halal investing and provide strategies for navigating the Qatari market. Whether you’re new to Sharia-compliant investing or looking to refine your approach, understanding these strategies can help you build a portfolio that meets both financial and religious standards.
List of 20 Halal Stocks in Qatar by Market Cap
| Company Name | Ticker | Market Cap | Shariah-Compliance Status | Halal Ranking |
| Qatar Islamic Bank QPSC | QIBK.QA | QR49.39B | Halal | ★ ★ ★ ★ ★ |
| Ezdan Holding Group QPSC | ERES.QA | QR24.67B | Halal | ★ ★ ☆ ☆ ☆ |
| Masraf Al Rayan QPSC | MARK.QA | QR22.32B | Halal | ★ ★ ★ ★ ☆ |
| Dukhan Bank QPSC | DUBK.QA | QR19.77B | Halal | ★ ★ ★ ☆ ☆ |
| Qatar International Islamic Bank QPSC | QIIK.QA | QR15.79B | Halal | ★ ★ ★ ★ ★ |
| Qatar Fuel Company QPSC | QFLS.QA | QR15.27B | Halal | ★ ☆ ☆ ☆ ☆ |
| Barwa Real Estate Company QPSC | BRES.QA | QR11.16B | Halal | ★ ★ ☆ ☆ ☆ |
| Vodafone Qatar PQSC | VFQS.QA | QR7.90B | Halal | ★ ★ ★ ★ ☆ |
| Aamal Company QPSC | AHCS.QA | QR5.36B | Halal | ★ ☆ ☆ ☆ ☆ |
| Zad Holding Company QPSC | ZHCD.QA | QR3.91B | Halal | ★ ☆ ☆ ☆ ☆ |
| Al Meera Consumer Goods Company QPSC | MERS.QA | QR3.08B | Halal | ★ ☆ ☆ ☆ ☆ |
| Baladna QPSC | BLDN.QA | QR2.57B | Halal | ★ ☆ ☆ ☆ ☆ |
| Meeza Qstp LLC | MEZA.QA | QR2.21B | Halal | ★ ☆ ☆ ☆ ☆ |
| Gulf Warehousing Company QPSC | GWCS.QA | QR2.10B | Halal | ★ ★ ☆ ☆ ☆ |
| Lesha Bank LLC | QFBQ.QA | QR1.54B | Halal | ★ ★ ★ ★ ★ |
| Medicare Group QPSC | MCGS.QA | QR1.29B | Halal | ★ ★ ★ ★ ☆ |
| Qatar Islamic Insurance Company QPSC | QISI.QA | QR1.25B | Halal | ★ ★ ★ ★ ★ |
| Damaan Islamic Insurance Co Beema | BEMA.QA | QR798.00M | Halal | ★ ★ ★ ☆ ☆ |
| Mazaya Real Estate Development QPSC | MRDS.QA | QR620.00M | Halal | ★ ★ ★ ★ ☆ |
| Al Khaleej Takaful Insurance Company QPSC | AKHI.QA | QR595.82M | Halal | ★ ★ ★ ☆ ☆ |
Source: Musaffa Platform, October 2024
Islamic Finance Landscape in Qatar: Dukhan Bank’s Landmark Sukuk Issuance
Dukhan Bank has successfully debuted its $800 million senior unsecured Sukuk, offering a profit rate of 4.56% per annum. This issuance, rated A2 by Moody’s and A by Fitch, saw overwhelming demand, with order books covered more than three times and peaking at $2.6 billion. The final price settled at a spread of 100bps over five-year US Treasuries, marking the largest Sukuk issuance by a Qatari Islamic bank since 2020.
Strong Market Response Reflects Investor Confidence
The high demand for this Sukuk issuance showcases the confidence global and regional investors have in both Dukhan Bank and Qatar’s economic stability. The final issuance amount of $800 million signifies the bank’s strategic position in the market and the strength of its credit fundamentals. This achievement highlights Dukhan Bank’s ability to attract significant international interest, as the price guidance tightened by 30bps from initial thoughts.
Milestone Achievement in Qatar’s Financial Sector
This successful issuance strengthens Dukhan Bank’s role as a leading financial institution in Qatar and aligns with the goals set in Qatar’s National Vision 2030. Sheikh Mohammed bin Hamad bin Jassim Al Thani, Chairman of Dukhan Bank, expressed pride in the bank’s achievements, while Acting Group CEO Ahmed Hashem acknowledged the bank’s solid standing in the global financial community, extending gratitude to the Joint Lead Managers for their key role in the transaction’s success.
Source: Zawya
Summary
Investing in halal stocks in Qatar offers a unique opportunity to align financial growth with Sharia principles. By following well-researched strategies, investors can build a diversified portfolio that adheres to Islamic guidelines while maximizing returns. With careful selection, halal investing can lead to ethical and financial success in the Qatari market.
Disclaimer: The content is for informational purposes only and does not constitute financial advice. It is important to conduct your own research or consult with a financial or investment advisor. All logos or brands are referenced for identification purposes only and do not constitute an endorsement of any kind. This information is accurate as of the date of publication and may not reflect recent changes. Access our comprehensive legal disclaimers at musaffa.com/disclaimer.
