Interested in exploring ethical investment opportunities in Switzerland that comply with Islamic principles? Halal stocks offer a promising path for Muslim investors who want to ensure their investments are both Sharia-compliant and financially rewarding.
Whether you’re new to halal investing or looking to diversify your existing portfolio, this guide will provide valuable insights into how Switzerland’s financial landscape can help you achieve your ethical and investment goals.
List of 20 Halal Stocks in Switzerland by Market Cap
Company Name | Ticker | Market Cap | Shariah-Compliance Status | Halal Ranking |
Roche Holding AG | ROG.SW | CHF 231.32B | Halal | ★ ★ ★ ☆ ☆ |
Novartis AG | NOVN.SW | CHF 195.26B | Halal | ★ ★ ☆ ☆ ☆ |
Abb Ltd | ABBN.SW | CHF 89.25B | Halal | ★ ★ ★ ★ ☆ |
Sika AG | SIKA.SW | CHF 42.81B | Halal | ★ ★ ★ ★ ☆ |
Lonza Group AG | LONN.SW | CHF 42.32B | Halal | ★ ★ ★ ★ ★ |
Alcon AG | ALC.SW | CHF 41.66B | Halal | ★ ★ ★ ☆ ☆ |
Givaudan SA | GIVN.SW | CHF 39.74B | Halal | ★ ★ ☆ ☆ ☆ |
Kuehne und Nagel International AG | KNIN.SW | CHF 32.79B | Halal | ★ ★ ★ ★ ★ |
Chocoladefabriken Lindt & Spruengli AG | LISN.SW | CHF 25.16B | Halal | ★ ★ ★ ☆ ☆ |
Schindler Holding AG | SCHP.SW | CHF 24.95B | Halal | ★ ★ ★ ☆ ☆ |
Geberit AG | GEBN.SW | CHF 18.87B | Halal | ★ ★ ★ ★ ☆ |
SGS SA | SGSN.SW | CHF 18.19B | Halal | ★ ☆ ☆ ☆ ☆ |
Straumann Holding AG | STMN.SW | CHF 18.09B | Halal | ★ ★ ☆ ☆ ☆ |
Ems Chemie Holding AG | EMSN.SW | CHF 17.16B | Halal | ★ ★ ★ ★ ★ |
Galderma Group AG | GALD.SW | CHF 16.41B | Halal | ★ ★ ☆ ☆ ☆ |
Sonova Holding AG | SOON.SW | CHF 15.50B | Halal | ★ ★ ★ ★ ☆ |
VAT Group AG | VACN.SW | CHF 13.21B | Halal | ★ ★ ★ ☆ ☆ |
Vifor Pharma AG | VIFN.SW | CHF 10.98B | Halal | ★ ★ ★ ☆ ☆ |
Swatch Group AG | UHR.SW | CHF 9.27B | Halal | ★ ★ ★ ★ ★ |
Barry Callebaut AG | BARN.SW | CHF 7.76B | Halal | ★ ★ ★ ☆ ☆ |
Regulatory Landscape for Islamic Finance in Switzerland
Switzerland has no specific legislation tailored for Islamic finance, yet the country’s flexible legal framework allows for Sharia-compliant solutions to thrive. The principles of freedom of contract and form in Swiss law make it easier for financial institutions to create offerings that align with Islamic principles.
FINMA, Switzerland’s financial regulatory authority, oversees Islamic finance institutions under the same rules that apply to conventional banks and insurers. While there are no specific regulations for Islamic banking or insurance, providers must still comply with general finance laws to operate.
Islamic finance products like Murabaha and Mudarabah are structured within the bounds of Swiss law, often through flexible partnership agreements or contracts. Despite these products being available, there is no central authority in Switzerland ensuring Shariah compliance, leaving institutions to seek guidance independently.
Switzerland’s openness to financial innovation means that Islamic finance has room to grow. With no major regulatory obstacles, the market has the potential to attract both local and international investors interested in Shariah-compliant products.
Sources: Islamic Finance Market Switzerland 2023
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