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.
Why Screening Matters Before You Invest
The Nasdaq 100 includes many large and influential companies, but Muslim investors still need to look beyond size, brand recognition, and past performance. A company can be popular in the market and still have business activities or financial exposure that require closer Shariah review.
That is why halal stock screening is helpful before making a decision. It gives investors a clearer way to separate companies that may fit Islamic investing guidelines from those that need caution or should be avoided.
Are Nasdaq 100 Stocks Halal?
Many Muslim investors are wondering whether the stocks listed on Nasdaq 100 are Halal or not. Yes, 50 of the listed companies in the Nasdaq 100 are doing HALAL business and have been categorized as Halal, according to Musaffa 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 Name | Ticker | Market Cap | Status | Rating |
| Apple Inc. | AAPL | 3.32T | Halal | 1 |
| Tesla, Inc. | TSLA | 585.07B | Halal | 4 |
| NVIDIA Corporation | NVDA | 3.18T | Halal | 3 |
| Broadcom Inc. | AVGO | 787.78B | Halal | 2 |
| AstraZeneca PLC | AZN | - | Halal | 1 |
| Cisco Systems, Inc. | CSCO | 182.81B | Halal | 2 |
| Walgreens Boots Alliance, Inc. | WBA | 13.25B | Halal | 1 |
| Splunk Inc. | SPLK | 26.44B | Halal | 2 |
| ASML Holding N.V. | ASML | 387.76B | Halal | 5 |
| Adobe Inc. | ADBE | 203.37B | Halal | 4 |
| Gilead Sciences, Inc. | GILD | 79.60B | Halal | 1 |
| Palo Alto Networks, Inc. | PANW | 103.42B | Halal | 1 |
| Texas Instruments Incorporated | TXN | 178.89B | Halal | 2 |
| QUALCOMM Incorporated | QCOM | 239.17B | Halal | 2 |
| Starbucks Corporation | SBUX | 90.81B | Halal | 2 |
| Regeneron Pharmaceuticals, Inc. | REGN | 113.43B | Halal | 1 |
| Intuitive Surgical, Inc. | ISRG | 150.77B | Halal | 1 |
| Analog Devices, Inc. | ADI | 116.65B | Halal | 4 |
| Applied Materials, Inc. | AMAT | 195.72B | Halal | 1 |
| Micron Technology, Inc. | MU | 159.50B | Halal | 2 |
| Atlassian Corporation | TEAM | - | Halal | 5 |
| O'Reilly Automotive, Inc. | ORLY | 58.84B | Halal | 5 |
| Lam Research Corporation | LRCX | 135.19B | Halal | 3 |
| Synopsys, Inc. | SNPS | 90.79B | Halal | 1 |
| Autodesk, Inc. | ADSK | 48.07B | Halal | 4 |
| Cintas Corporation | CTAS | 69.73B | Halal | 5 |
| Fortinet, Inc. | FTNT | 46.30B | Halal | 4 |
| CSX Corporation | CSX | 63.54B | Halal | 1 |
| Biogen Inc. | BIIB | 33.95B | Halal | 3 |
| DexCom, Inc. | DXCM | 45.51B | Halal | 2 |
| Microchip Technology Incorporated | MCHP | 49.94B | Halal | 4 |
| KLA Corporation | KLAC | 111.25B | Halal | 2 |
| Lululemon Athletica inc. | LULU | 39.82B | Halal | 4 |
| NXP Semiconductors N.V. | NXPI | 70.37B | Halal | 3 |
| CrowdStrike Holdings, Inc. | CRWD | 92.84B | Halal | 1 |
| Illumina, Inc. | ILMN | 17.37B | Halal | 3 |
| Marvell Technology, Inc. | MRVL | 63.99B | Halal | 5 |
| Old Dominion Freight Line, Inc. | ODFL | 37.33B | Halal | 5 |
| Ross Stores, Inc. | ROST | 48.76B | Halal | 3 |
| IDEXX Laboratories, Inc. | IDXX | 41.24B | Halal | 5 |
| Copart, Inc. | CPRT | 51.42B | Halal | 3 |
| Fastenal Company | FAST | 36.51B | Halal | 5 |
| Seagen Inc. | SGEN | 41.81B | Halal | 4 |
| VeriSign, Inc. | VRSN | 17.89B | Halal | 2 |
| ANSYS, Inc. | ANSS | 28.44B | Halal | 4 |
| Align Technology, Inc. | ALGN | 20.11B | Halal | 5 |
| Skyworks Solutions, Inc. | SWKS | 16.79B | Halal | 4 |
| DocuSign, Inc. | DOCU | 10.53B | Halal | 4 |
| Okta, Inc. | OKTA | 14.79B | Halal | 1 |
| Alphabet Inc. | GOOGL | 2.18T | Doubtful | |
| Amazon.com, Inc. | AMZN | 1.92T | Doubtful | |
| Meta Platforms, Inc. | META | 1.28T | Doubtful | |
| Pepsico, Inc. | PEP | 223.10B | Doubtful | |
| Advanced Micro Devices, Inc. | AMD | 258.08B | Doubtful | |
| Dollar Tree, Inc. | DLTR | 23.05B | Doubtful | |
| JD.com, Inc. | JD | - | Doubtful | |
| Mondelez International, Inc. | MDLZ | 88.64B | Doubtful | |
| Marriott International | MAR | 67.53B | Doubtful | |
| Cadence Design Systems, Inc. | CDNS | 83.98B | Doubtful | |
| Costco Wholesale Corporation | COST | 374.50B | Not Halal | |
| Netflix, Inc. | NFLX | 281.74B | Not Halal | |
| Intuit Inc. | INTU | 166.16B | Not Halal | |
| Booking Holdings Inc. | BKNG | 130.25B | Not Halal | |
| Activision Blizzard, Inc | ATVI | 72.44B | Not Halal | |
| NetEase, Inc. | NTES | 58.42B | Not Halal | |
| Paychex, Inc. | PAYX | 43.88B | Not Halal | |
| Electronic Arts Inc. | EA | 36.26B | Not Halal | |
| eBay Inc. | EBAY | 26.86B | Not Halal | |
| Match Group, Inc. | MTCH | 8.40B | Not Halal | |
| T-Mobile US, Inc. | TMUS | 204.58B | Not Halal | |
| Comcast Corporation | CMCSA | 148.35B | Not Halal | |
| Honeywell International Inc. | HON | 135.11B | Not Halal | |
| PayPal Holdings, Inc. | PYPL | 64.88B | Not Halal | |
| Automatic Data Processing, Inc. | ADP | 99.60B | Not Halal | |
| Fiserv, Inc. | FISV | 86.06B | Not Halal | |
| Moderna, Inc. | MRNA | 56.08B | Not Halal | |
| American Electric Power Company, Inc. | AEP | 46.16B | Not Halal | |
| The Kraft Heinz Company | KHC | 39.51B | Not Halal | |
| MercadoLibre, Inc. | MELI | 80.62B | Not Halal | |
| Exelon Corporation | EXC | 34.84B | Not Halal | |
| Xcel Energy Inc. | XEL | 30.13B | Not Halal | |
| PACCAR Inc. | PCAR | 55.67B | Not Halal | |
| Constellation Energy Corporation | CEG | 67.84B | Not Halal | |
| Verisk Analytics, Inc. | VRSK | 37.52B | Not Halal | |
| Sirius XM Holdings Inc. | SIRI | 9.60B | Not Halal | |
| Lucid Group, Inc. | LCID | 6.14B | Not Halal | |
| Amgen Inc. | AMGN | 159.43B | Not Halal | |
| Intel Corporation | INTC | 129.80B | Not Halal | |
| Charter Communications, Inc. | CHTR | 44.03B | Not Halal | |
| Vertex Pharmaceuticals Incorporated | VRTX | 124.18B | Not Halal | |
| Airbnb, Inc. | ABNB | 93.00B | Not Halal | |
| Keurig Dr Pepper Inc. | KDP | 45.74B | Not Halal | |
| Monster Beverage Corporation | MNST | 50.88B | Not Halal | |
| Workday, Inc. | WDAY | 55.29B | Not Halal | |
| Baidu, Inc. | BIDU | 33.94B | Not Halal | |
| Cognizant Technology Solutions Corporation | CTSH | 32.40B | Not Halal | |
| Datadog, Inc. | DDOG | 40.17B | Not Halal | |
| Zscaler, Inc. | ZS | 27.57B | Not Halal | |
| Zoom Video Communications, Inc. | ZM | 18.21B | Not Halal | |
| Microsoft Corporation | MSFT | 3.29T | Not Halal | |
| Pinduoduo Inc. | PDD |
What the Status in the Table Means
The table groups companies by their Shariah compliance status at the time of review. A Halal status means the company passed the screening criteria used for this list. A Doubtful status means the company needs closer attention because the available information, revenue mix, or financial ratios may not give a clear answer. A Not Halal status means the company failed one or more important screening areas.
This status should be read as a research signal, not as a complete investment decision. A company may be famous, profitable, and widely held by investors, but that does not automatically make it suitable for a Shariah-conscious portfolio.
Check the Business and Financial Screens
When reviewing any stock, start with the company’s main business activity. This helps identify whether the core products or services are generally acceptable under Islamic investing principles. After that, look at the financial screen, including interest-based debt, interest-bearing assets, and income from non-permissible sources.
This two-step view is useful because a company can pass one part of the screen and still raise concerns in another. That is why the latest screening details matter more than the company name alone.
Why the List Can Change
The status of a stock is not permanent. Companies release new financial reports, take on debt, make acquisitions, sell business units, and launch new products. Any of these changes can affect whether a stock continues to meet Shariah screening requirements.
The Nasdaq 100 itself also changes. Companies can be added or removed from the index, so an older list may not always match the latest index composition. This is especially important for investors who use the index as a quick way to find large U.S.-listed companies.
Also Read:
67 Stock Market Terms for All Levels
When to Recheck a Stock
A good time to recheck a company is after its quarterly or annual report is released. These reports can show changes in debt, cash, revenue sources, or business direction. Investors may also want to review a stock after a major acquisition, restructuring, or new product launch.
Regular review does not need to be complicated. Even a simple watchlist check every few months can help you notice when a company’s profile has changed. This habit is especially useful for investors who plan to hold stocks for the long term. It also helps when comparing different companies across sectors, because the same status can still reflect different levels of screening comfort.
How Investors Can Use This List
Use this list to narrow your research before going deeper. If a company is marked Halal, review how comfortably it passes the screen, what sector it belongs to, and whether the stock fits your own risk level. If a company is marked Doubtful, slow down and review the details carefully before deciding.
It is also important to remember that halal does not mean risk-free. A Shariah-compliant stock can still fall in price, become overvalued, or face business challenges. Screening helps answer whether a stock fits Islamic investing guidelines, but investors still need to think about diversification, valuation, business quality, and long-term goals.
To read more about Halal stocks or Islamic finance-related topics, please click here and visit our academy.
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.
Foziljon Kamolitdinov
