List of Halal Stocks in Nasdaq 100

List of Halal Stocks in Nasdaq 100

Many Muslim investors do not know the Shariah-compliant status of the stocks listed on the Nasdaq 100. This article will reveal the Shariah-compliant status of stocks listed on the Nasdaq 100.


What is the Nasdaq 100 Index?

The Nasdaq 100 (NDX) is a stock market index comprising the 100 largest, non-financial, and most actively traded U.S companies listed on the Nasdaq stock exchange. This index includes companies from various sectors like technology, healthcare, retail, industrial, and others. However, it does not include any financial companies. Nasdaq 100 includes several companies incorporated outside the United States as well. 

Nasdaq 100 has had solid returns for the past two decades, including various sectors and companies. The technology sector makes up the index’s most significant percentage, accounting for 56% of the index’s weight. The second largest sector is the consumer services sector, with companies like restaurant chains, retailers, and travel services. 

Are Nasdaq 100 Stocks Halal?

Many Muslim investors are wondering whether the stocks listed on Nasdaq 100 are Halal or not. Yes, 61 of the listed companies in the Nasdaq 100 are doing HALAL business and have been categorized as Halal, according to Musaffa halal stock screener. You will be surprised to know that about 60% of total listed stocks in Nasdaq 100 comply with Shariah Principles, as you can see in the table below:

List of Nasdaq 100 companies and their compliance status
Company NameTickerMarket CapStatusRating
Apple Inc.AAPL2.37THalal1
Tesla, Inc.TSLA671.94BHalal2
NVIDIA CorporationNVDA310.40BHalal5
Pepsico, Inc.PEP238.43BHalal3
Broadcom Inc.AVGO187.38BHalal2
AstraZeneca PLCAZN149.63BHalal2
Cisco Systems, Inc.CSCO175.86BHalal2
ASML Holding N.V.ASML178.28BHalal4
Adobe Inc.ADBE142.43BHalal3
Texas Instruments IncorporatedTXN145.94BHalal5
Amgen Inc.AMGN134.77BHalal5
QUALCOMM IncorporatedQCOM129.98BHalal4
Intel CorporationINTC110.74BHalal2
Starbucks CorporationSBUX101.67BHalal1
Advanced Micro Devices, Inc.AMD94.95BHalal5
Regeneron Pharmaceuticals, Inc.REGN77.82BHalal2
Mondelez International, Inc.MDLZ78.60BHalal2
Vertex Pharmaceuticals IncorporatedVRTX76.94BHalal3
Intuitive Surgical, Inc.ISRG78.03BHalal3
Pinduoduo Inc.PDD72.01BHalal3
Analog Devices, Inc.ADI75.40BHalal4
Airbnb, Inc.ABNB77.81BHalal4
Charter Communications, Inc.CHTR53.08BHalal5
Applied Materials, Inc.AMAT70.91BHalal5
Micron Technology, Inc.MU60.94BHalal2
Keurig Dr Pepper Inc.KDP53.27BHalal2
Atlassian CorporationTEAM49.48BHalal5
Monster Beverage CorporationMNST46.15BHalal4
O’Reilly Automotive, Inc.ORLY47.11BHalal4
Lam Research CorporationLRCX50.59BHalal4
Synopsys, Inc.SNPS45.34BHalal5
Autodesk, Inc.ADSK43.47BHalal5
Cadence Design Systems, Inc.CDNS43.36BHalal5
Cintas CorporationCTAS40.61BHalal5
Fortinet, Inc.FTNT42.38BHalal5
Biogen Inc.BIIB38.83BHalal2
Workday, Inc.WDAY38.27BHalal3
DexCom, Inc.DXCM37.56BHalal4
KLA CorporationKLAC41.21BHalal3
Lululemon Athletica inc.LULU39.63BHalal5
NXP Semiconductors N.V.NXPI38.14BHalal1
CrowdStrike Holdings, Inc.CRWD36.48BHalal3
Baidu, Inc.BIDU26.387BHalal1
Illumina, Inc.ILMN34.61BHalal5
Marvell Technology, Inc.MRVL48.97BHalal5
Cognizant Technology Solutions CorporationCTSH31.21BHalal5
Old Dominion Freight Line, Inc.ODFL29.11BHalal5
Ross Stores, Inc.ROST29.52BHalal3
IDEXX Laboratories, Inc.IDXX28.11BHalal2
Copart, Inc.CPRT26.10BHalal5
Fastenal CompanyFAST25.21BHalal5
Datadog, Inc.DDOG26.00BHalal3
Seagen Inc.SGEN23.76BHalal4
Zscaler, Inc.ZS21.53BHalal4
VeriSign, Inc.VRSN19.22BHalal4
ANSYS, Inc.ANSS18.65BHalal5
Align Technology, Inc.ALGN16.22BHalal5
Skyworks Solutions, Inc.SWKS13.50BHalal4
DocuSign, Inc.DOCU9.60BHalal5
Okta, Inc.OKTA8.74BHalal3
Zoom Video Communications, Inc.ZM24.10BHalal  4
Microsoft CorporationMSFT1.81TDoubtful 
Alphabet Inc.GOOG1.32TDoubtful 
Alphabet Inc.GOOGL1.32TDoubtful, Inc.AMZN1.22TDoubtful 
Meta Platforms, Inc.META349.42BDoubtful 
Costco Wholesale CorporationCOST211.64BDoubtful 
Netflix, Inc.NFLX128.77BDoubtful 
Intuit Inc.INTU117.59BDoubtful 
Booking Holdings Inc.BKNG72.38BDoubtful 
Activision Blizzard, IncATVI56.88BDoubtful 
Marriott InternationalMAR49.82BDoubtful 
NetEase, Inc.NTES5.77BDoubtful 
Paychex, Inc.PAYX40.42BDoubtful 
Electronic Arts Inc.EA34.75BDoubtful 
Microchip Technology IncorporatedMCHP34.17BDoubtful 
Dollar Tree, Inc.DLTR32.16BDoubtful 
eBay Inc.EBAY21.10BDoubtful 
Match Group, Inc.MTCH12.17BDoubtful 
Splunk Inc.SPLK12.89BDoubtful 
T-Mobile US, Inc.TMUS171.13BNot Halal 
Comcast CorporationCMCSA134.52BNot Halal 
Honeywell International Inc.HON123.16BNot Halal 
PayPal Holdings, Inc.PYPL97.07BNot Halal 
Automatic Data Processing, Inc.ADP96.65BNot Halal 
Gilead Sciences, Inc.GILD84.97BNot Halal, Inc.JD59.41BNot Halal 
Fiserv, Inc.FISV61.87BNot Halal 
CSX CorporationCSX58.97BNot Halal 
Moderna, Inc.MRNA50.20BNot Halal 
Palo Alto Networks, Inc.PANW48.48BNot Halal 
American Electric Power Company, Inc.AEP43.99BNot Halal 
The Kraft Heinz CompanyKHC43.15BNot Halal 
MercadoLibre, Inc.MELI42.53BNot Halal 
Exelon CorporationEXC36.42BNot Halal 
Xcel Energy Inc.XEL33.31BNot Halal 
PACCAR Inc.PCAR31.35BNot Halal 
Walgreens Boots Alliance, Inc.WBA29.66BNot Halal 
Constellation Energy CorporationCEG28.53BNot Halal 
Verisk Analytics, Inc.VRSK26.21BNot Halal 
Sirius XM Holdings Inc.SIRI24.11BNot Halal 
Lucid Group, Inc.LCID22.33BNot Halal 
Source: Musaffa, October 2022

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