List of Halal Stocks in the S&P/ASX 200

As Islamic finance grows globally, more Muslim investors seek ethical investment opportunities in line with Shariah principles. The Australian Stock Exchange (ASX 200) offers several halal investment options that comply with these principles. Below is a list of halal stocks in the S&P/ASX 200 for those who want to invest ethically and diversify their portfolios.

What is the ASX 200?

The S&P/ASX 200 is a major stock market index representing the top 200 companies listed on the Australian Securities Exchange by market capitalization. Launched in March 2000, the S&P/ASX 200 serves as the primary benchmark for the performance of the Australian equity market. It comprises a diverse range of companies, spanning industries such as banking, mining, healthcare, and technology.

With 200 companies making up around 80% of the Australian equity market, the S&P/ASX 200 is a key indicator of the country’s financial health. It includes both domestic and international businesses, offering investors broad exposure to Australia’s economic landscape.

Top Halal Stocks in the S&P/ASX 200

Based on the Musaffa halal stock screener, the companies listed here meet the Shariah compliance standards. Below, you’ll find a table outlining stocks that are classified as halal.

Sr. No.	Company	Ticker	Market Cap	Compliance	Rating
1	A2 Milk Company Ltd	A2M.AX	NZD 5.1B	Halal	★★☆☆☆
2	Ansell Ltd	ANN.AX	AUD 4.4B	Halal	★★★☆☆
3	Appen Ltd	APX.AX	AUD 485.47M	Halal	★★★★★
4	ARB Corporation Ltd	ARB.AX	AUD 3.65B	Halal	★★★★★
5	Bapcor Ltd	BAP.AX	AUD 1.81B	Halal	★☆☆☆☆
6	BHP Group Ltd	BHP.AX	AUD 222.74B	Halal	★☆☆☆☆
7	Beach Energy Ltd	BPT.AX	AUD 2.86B	Halal	★★☆☆☆
8	Breville Group Ltd	BRG.AX	AUD 5.09B	Halal	★★★★☆
9	BlueScope Steel Ltd	BSL.AX	AUD 9.65B	Halal	★★★☆☆
10	BWP Trust	BWP.AX	AUD 2.60B	Halal	★★★☆☆
11	Brambles Ltd	BXB.AX	AUD 26.75B	Halal	★★★☆☆
12	Codan Ltd	CDA.AX	AUD 2.91B	Halal	★★★★☆
13	Champion Iron Ltd	CIA.AX	AUD 3.49B	Halal	★★☆☆☆
14	Cochlear Ltd	COH.AX	AUD 19.02B	Halal	★★★☆☆
15	Cleanaway Waste Management Ltd	CWY.AX	AUD 6.47B	Halal	★☆☆☆☆
16	CSL Ltd	CSL.AX	AUD 144.7B	Halal	★★★★★
17	Domain Holdings Australia Ltd	DHG.AX	AUD 2.08B	Halal	★★★★☆
18	Deterra Royalties Ltd	DRR.AX	AUD 2.05B	Halal	★★★★★
19	EBOS Group Ltd	EBO.AX	NZD 7.15B	Halal	★★☆☆☆
20	Fortescue Ltd	FMG.AX	AUD 60.75B	Halal	★★★☆☆
21	Fisher & Paykel Healthcare Corporation Ltd	FPH.AX	NZD 20.72B	Halal	★★★★★
22	Goodman Group	GMG.AX	AUD 70.21B	Halal	★☆☆☆☆
23	IDP Education Ltd	IEL.AX	AUD 4.18B	Halal	★★★★☆
24	Iluka Resources Ltd	ILU.AX	AUD 2.79B	Halal	★★☆☆☆
25	JB Hi-Fi Ltd	JBH.AX	AUD 8.87B	Halal	★★★☆☆
26	James Hardie Industries PLC	JHX.AX	USD 15.48B	Halal	★★★★☆
27	Mercury Nz Ltd	MCY.AX	NZD 9.17B	Halal	★☆☆☆☆
28	Meridian Energy Ltd	MEZ.AX	NZD 15.43B	Halal	★★★☆☆
29	Megaport Ltd	MP1.AX	AUD 1.20B	Halal	★★★★★
30	Origin Energy Ltd	ORG.AX	AUD 17.54B	Halal	★☆☆☆☆
31	Gold Road Resources Ltd	GOR.AX	AUD 1.88B	Halal	★★★☆☆
32	Premier Investments Ltd	PMV.AX	AUD 4.99B	Halal	★☆☆☆☆
33	Polynovo Ltd	PNV.AX	AUD 1.65B	Halal	★★★★★
34	Reece Ltd	REH.AX	AUD 17.33B	Halal	★★★★☆
35	Rio Tinto Ltd	RIO.AX	AUD 171.86B	Halal	★☆☆☆☆
36	Reliance Worldwide Corporation Ltd	RWC.AX	AUD 4.54B	Halal	★★★★☆
37	Seek Ltd	SEK.AX	AUD 8.92B	Halal	★★☆☆☆
38	Sims Ltd	SGM.AX	AUD 2.48B	Halal	★☆☆☆☆
39	Sonic Healthcare Ltd	SHL.AX	AUD 13.14B	Halal	★☆☆☆☆
40	Spark New Zealand Ltd	SPK.AX	NZD 5.64B	Halal	★★☆☆☆
41	Woodside Energy Group Ltd	WDS.AX	AUD 48.87B	Halal	★☆☆☆☆
42	WiseTech Global Ltd	WTC.AX	AUD 44.9B	Halal	★★★☆☆
43	Xero Ltd	XRO.AX	AUD 22.5B	Halal	★☆☆☆☆
44	Yancoal Australia Ltd	YAL.AX	AUD 8.24B	Halal	★☆☆☆☆

Using AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines, Musaffa screens for halal stocks. If you’re curious about the Shariah-compliant status of more companies, sign up at Musaffa.com to start your halal investment journey.

About S&P/ASX 200 Shariah Indices

S&P DJI launched its first S&P/ASX Shariah Indices, which aim to track the performance of Shariah-compliant stocks in the S&P/ASX 200 and the S&P/ASX 300. The S&P/ASX Shariah Index is designed specifically for Muslim investors, screening companies based on strict Shariah compliance criteria. It filters out companies involved in non-compliant activities such as alcohol, gambling, and conventional finance. The index provides an ethical benchmark for investors seeking to align their investments with Islamic principles.

Conclusion

The S&P/ASX 200 presents several halal stocks that allow investors to diversify while adhering to Shariah law. With the growing interest in Islamic finance, more opportunities are emerging for ethical investments that balance financial returns and religious compliance.

It’s important to remember that stocks can frequently change their compliance status. Always verify with tools like the Musaffa stock screener to ensure your investments remain halal.

Interested in Learning More About Halal Stocks?

Musaffa employs the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards to screen halal stocks. If you’re interested in exploring the Shariah compliance status of S&P 500 companies, sign up at Musaffa.com to find halal stocks you can invest in. We also have articles about the list of halal stocks in the DJIA and Nasdaq 100 that you might find useful. Visit Musaffa Academy to learn more.

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.