Many Muslim investors in the US and globally start with the S&P 500. The names are familiar, large, and easy to track. But not every S&P 500 stock is halal. Banks, conventional financials, insurance companies, alcohol producers, and a few high-debt or high-interest-income firms fail Shariah screening.

The names below are different. Each one currently passes AAOIFI Shariah screening and is part of the S&P 500 index as of May 2026. This guide gives the sector, business model, and a short note for each name.

This list is for education only. It is not buy advice. Halal status is reviewed every quarter, so always recheck before you invest.

What is the S&P 500?

The S&P 500 is the benchmark index of the US stock market. It tracks 500 of the largest and most liquid American companies by free-float market capitalization. It covers 11 sectors and is the most widely followed gauge of US large-cap equities.

The index is maintained by S&P Dow Jones Indices. Stocks can be added or removed based on size, liquidity, and profitability. So the list of halal S&P 500 stocks can shift over time as well.

How this list was built

We used the Musaffa Stock Screener to check the Shariah status of S&P 500 constituents. Each company in the list below is currently classified as halal in Musaffa using AAOIFI standards as of May 2026.

A stock had to be both a current S&P 500 constituent and pass Musaffa’s halal screening to make this list. The result is the top halal stocks in the S&P 500.

The top halal stocks in S&P 500

1. Apple Inc (AAPL)

• Sector: Technology (Consumer Electronics)
• Exchange: NASDAQ
• Market Cap: ~$3.32 trillion (May 2026)

Apple is the world's largest company by market capitalization. It designs, manufactures, and sells consumer electronics including the iPhone, Mac, iPad, and Apple Watch, alongside software and services like iCloud, Apple Pay, and the App Store. Consumer electronics and software are core halal-permissible activities. Apple passes AAOIFI screening with a low debt ratio, though investors should note that a small portion of revenue from Apple Music, TV+, and gaming services may require dividend purification.

2. NVIDIA Corp (NVDA)

• Sector: Semiconductors
• Exchange: NASDAQ
• Market Cap: ~$3.18 trillion (May 2026)

NVIDIA is the global leader in graphics processing units (GPUs) and the primary hardware engine behind the AI revolution. Its chips power data centers, gaming, professional visualization, and autonomous vehicles worldwide. Semiconductor design is core halal-permissible. NVIDIA passes AAOIFI screening with only ~1.37% interest income, well below the 5% threshold. It is currently the most searched halal stock among GCC investors in 2026.

3. Eli Lilly and Co (LLY)

• Sector: Healthcare (Pharmaceuticals)
• Exchange: NYSE
• Market Cap: ~$832 billion (May 2026)

Eli Lilly is one of the world's largest pharmaceutical companies, best known for its GLP-1 diabetes and obesity drugs including Mounjaro and Zepbound. It also maintains deep research pipelines in Alzheimer's, oncology, and immunology. Pharma is core halal-permissible. Eli Lilly passes AAOIFI screening and is widely held in halal ETF portfolios.

4. Broadcom Inc (AVGO)

• Sector: Technology
• Exchange: NASDAQ
• Market Cap: ~$788 billion (May 2026)

Broadcom designs custom AI silicon for Google, Meta, and ByteDance, and dominates data center networking and semiconductor infrastructure. It is among the most financially pristine halal stocks available, passing AAOIFI screening with just ~4.2% debt ratio and ~0.54% prohibited income. Revenue reached ~$64 billion in its most recent fiscal year.

5. Exxon Mobil Corp (XOM)

• Sector: Energy
• Exchange: NYSE
• Market Cap: ~$494 billion (May 2026)

Exxon Mobil is one of the world's largest publicly traded energy companies, engaged in oil and natural gas exploration, production, refining, and marketing. Energy extraction and distribution are generally considered halal-permissible. Exxon passes AAOIFI screening with financial ratios within acceptable limits.

6. Tesla Inc (TSLA)

• Sector: Automobiles
• Exchange: NASDAQ
• Market Cap: ~$585 billion (May 2026)

Tesla is the world's leading electric vehicle manufacturer and a pioneer in clean energy through solar panels and energy storage solutions. EV manufacturing and renewable energy are core halal-permissible. Tesla passes AAOIFI screening, though investors should monitor its debt-to-market-cap ratio as it fluctuates with stock price movements.

7. Visa Inc (V)

• Sector: Financials
• Exchange: NYSE
• Market Cap: ~$540 billion (May 2026)

Visa operates the world's largest electronic payments network, processing trillions of dollars in transactions annually. Unlike conventional banks, Visa does not engage in interest-based lending; it earns fees from transaction processing. Payment networks are generally considered halal-permissible by most Shariah scholars. Visa passes AAOIFI screening.

8. Procter & Gamble Co (PG)

• Sector: Consumer Goods
• Exchange: NYSE
• Market Cap: ~$391 billion (May 2026)

Procter & Gamble is one of the world's largest consumer goods companies, selling daily-use products like Tide, Pampers, Gillette, and Crest across more than 180 countries. The household products business is core halal-permissible. P&G passes AAOIFI screening with conservative financial ratios.

9. Mastercard Inc (MA)

• Sector: Financials
• Exchange: NYSE
• Market Cap: ~$411 billion (May 2026)

Mastercard operates alongside Visa as a core global payments infrastructure provider. It processes digital transactions worldwide without engaging in interest-based lending. Like Visa, its fee-based model is considered halal-permissible by most scholars. Mastercard passes AAOIFI screening.

10. Johnson & Johnson (JNJ)

• Sector: Healthcare
• Exchange: NYSE
• Market Cap: ~$347 billion (May 2026)

Johnson & Johnson is a diversified healthcare giant spanning pharmaceuticals, medical devices, and consumer health products like Band-Aid, Tylenol, and Listerine. Healthcare and pharma are core halal-permissible. J&J passes AAOIFI screening and is a staple in many halal portfolios.

11. Home Depot Inc (HD)

• Sector: Consumer Discretionary
• Exchange: NYSE
• Market Cap: ~$342 billion (May 2026)

Home Depot is the largest home improvement retailer in the US, selling building materials, tools, appliances, and home décor through more than 2,300 stores. Retail of permissible goods is core halal-permissible. Home Depot passes AAOIFI screening with strong financial ratios.

12. Merck & Co Inc (MRK)

• Sector: Healthcare
• Exchange: NYSE
• Market Cap: ~$329 billion (May 2026)

Merck is a global pharmaceutical leader known for oncology, vaccines, and infectious disease treatments including Keytruda, one of the world's best-selling cancer drugs. Pharma is core halal-permissible. Merck passes AAOIFI screening with conservative debt levels.

13. Chevron Corp (CVX)

• Sector: Energy
• Exchange: NYSE
• Market Cap: ~$281 billion (May 2026)

Chevron is one of the world's largest integrated energy companies, involved in oil and gas exploration, production, refining, and marketing. Like Exxon, its core energy business is halal-permissible. Chevron passes AAOIFI screening with financial ratios within acceptable limits.

14. Coca-Cola Co (KO)

• Sector: Consumer Goods
• Exchange: NYSE
• Market Cap: ~$270 billion (May 2026)

Coca-Cola is the world's largest beverage company, selling soft drinks, juices, water, and ready-to-drink products across more than 200 countries. The non-alcoholic beverage business is core halal-permissible. Coca-Cola passes AAOIFI screening and has been a long-standing halal portfolio holding.

15. Qualcomm Inc (QCOM)

• Sector: Technology
• Exchange: NASDAQ
• Market Cap: ~$239 billion (May 2026)

Qualcomm is a leading semiconductor and wireless technology company, designing chips and licensing patents that power smartphones, IoT devices, and 5G networks globally. Wireless technology and semiconductor design are core halal-permissible. Qualcomm passes AAOIFI screening.

Sector view of halal S&P 500 stocks

The halal S&P 500 universe is concentrated in four broad sectors. This pattern is helpful to know for portfolio building.

Technology is the largest cluster. Apple, NVIDIA, Broadcom, and Qualcomm represent the semiconductor, software, and hardware backbone of the US economy. The AI revolution has made this group the most searched among halal investors in 2026.

Healthcare and pharma is the second largest cluster. Eli Lilly, Johnson & Johnson, and Merck all qualify. The US is the world's largest pharma market, which adds to the strength of this group.

Consumer Goods are also strong. Procter & Gamble, Coca-Cola, Home Depot, and Tesla represent daily-use goods, home improvement, and clean energy autos. These names tend to be defensive or growth-oriented depending on the cycle.

Energy and payments round out the list. Exxon Mobil and Chevron serve the global energy market, while Visa and Mastercard provide payment infrastructure without interest-based lending.

What about popular S&P 500 names that are not halal?

Some of the most-searched US stocks are not halal as of 2026 reviews. It helps to know why investors should not assume large-cap status alone makes a stock halal.

Microsoft (MSFT) is currently classified as Not Halal on some screeners, including Musaffa, as of early 2026. The IT services and cloud business is permissible, but revenue from gaming (Xbox) and advertising may push non-compliant income close to or above the 5% AAOIFI threshold. Some halal ETFs still hold Microsoft, but conservative screeners flag it.

Alphabet (GOOGL) is classified as Questionable/Doubtful on some screeners. Google's core search and advertising business is permissible, but revenue from YouTube content, cloud services, and other segments pushes financial ratios close to limits. Some scholars raise ethical questions about data privacy and content moderation as well.

Amazon (AMZN) is classified as Not Halal on some screeners. While e-commerce and AWS are permissible, Amazon's financial services (interest-based lending through Amazon Lending), advertising revenue, and high cash balances push it across AAOIFI thresholds for conservative screeners.

Berkshire Hathaway (BRK.B) is Not Halal due to its large insurance operations (GEICO, reinsurance) and significant interest-bearing investments. Insurance involves uncertainty (gharar) and interest, which fail the business activity screen.

UnitedHealth Group (UNH) is Not Halal due to its health insurance business. Commercial insurance involves interest and uncertainty, which are prohibited under Islamic finance principles.

All major banks, including JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley fail the screen because conventional banking earns from riba (interest). Banks and financials make up close to 13% of the S&P 500 by weight.

Alcohol and tobacco companies like Constellation Brands, Brown-Forman, Altria, and Philip Morris fail the business activity screen due to prohibited product revenue.

How Shariah screening works

The status of each stock is identified through both business and financial screening. Under AAOIFI standards, shares of a company whose core activities are Shariah-compliant are permitted under the following conditions:

1. The company should not state in its memorandum of association that one of its objectives is to deal in interest, or in other prohibited activities, products, or materials.

1. Income from non-halal sources should not exceed 5 percent of the total income earned by the company.

1. Interest-bearing assets must not exceed 30 percent of the company's market capitalization.

1. Interest-bearing debt must not exceed 30 percent of the company's market capitalization.

These thresholds are reviewed every quarter. A stock that passes today can fail next quarter if debt rises or if a new income line crosses the 5% limit.

Risks and limits to keep in mind

• Status changes quarterly. Always recheck on a halal stock screener before you buy or top up.

• Index changes. S&P 500 constituents are reviewed periodically. Stocks may be added or removed, so the halal list above can shift.

• Sector concentration risk. The halal S&P 500 universe is heavily weighted toward technology and healthcare. A halal-only S&P 500 portfolio will look different from the broader index of more tech-heavy, zero financials.

• Doubtful status. Some S&P 500 stocks like Microsoft, Alphabet, and Amazon have moved between Halal and Not Halal across different screeners and time periods. Treat borderline stocks with extra care or speak with a scholar.

• No promise of returns. A halal stock can still lose money. Ethics and returns are separate questions.

• Dividend purification. Even halal stocks may earn a small percentage of non-compliant income. Most scholars require purifying that portion of dividends by donating it to charity.

A simple verification method

Before you buy any name on this list, run these five checks:

1. Open the stock page on a halal stock screener (like Musaffa, Zoya, or Islamicly) and confirm the latest Shariah status.

1. Read the firm's most recent quarterly results filing (10-Q) on the SEC website.

1. Check whether the stock is still part of the S&P 500 or has moved to the S&P 400 or another index.

1. Cross-check sector and core business to ensure no new haram revenue lines have been added.

1. Set a reminder to recheck halal status every three months.

Frequently asked questions

How many S&P 500 stocks are halal in 2026?

Approximately 210–260 of the 500 S&P 500 names pass AAOIFI Shariah screens, depending on the screener and exact thresholds used. The rest fail mainly due to conventional banking exposure, insurance, alcohol, tobacco, or financial ratio limits.

Why is Microsoft not fully halal?

Microsoft is classified as Not Halal on some screeners (including Musaffa) as of early 2026. While its cloud and enterprise software business is permissible, revenue from gaming (Xbox) and advertising may push non-compliant income above the 5% AAOIFI threshold. Some halal ETFs still include it, but conservative investors avoid it.

Why is Amazon not halal?

Amazon fails on some screeners due to its financial services arm (interest-based lending), advertising revenue, and high cash balances that cross AAOIFI interest-bearing asset limits. Its e-commerce and AWS businesses are permissible, but the overall financial profile does not pass conservative screening.

Why are no major banks on the halal list?

Conventional banks earn most of their income from interest, which is riba. They fail the business activity screen. None of the major S&P 500 banks pass AAOIFI screening.

Can a halal S&P 500 stock lose its status later?

Yes. Halal status is reviewed every quarter. A stock that passes today can fail next quarter if debt rises, if a new business line is added, or if non-compliant income crosses the 5% limit.

Is the S&P 500 itself halal?

No. The full S&P 500 includes banks, insurance companies, alcohol producers, and other non-compliant names, so passive S&P 500 ETFs (like SPY or VOO) are not halal. Muslim investors who want index exposure should look at Shariah-compliant ETFs like SPUS, HLAL, or MNZL.

How often should I recheck a halal S&P 500 stock?

At least once every three months. Quarterly results can shift the AAOIFI ratios, and S&P 500 constituents themselves are reviewed periodically by S&P Dow Jones Indices.

Final takeaways

The S&P 500 is a useful starting point for Muslim investors who want exposure to America's largest companies. But not every name in the index is halal. As of May 2026, about 15 of the largest stocks passed AAOIFI Shariah screening, mostly in technology, pharma, consumer staples, energy, and payments.

The biggest names by index weight, including Microsoft, Alphabet, Amazon, Berkshire Hathaway, UnitedHealth, and all major banks, do not currently pass on conservative screens. So a halal S&P 500 portfolio will look quite different from the broader index more concentrated in tech and healthcare, with zero financials. That is normal and not a flaw of the screening method.

Always recheck status every quarter. Read the filings. Stay aware of business activity changes. Faith and prudence work together in halal investing.

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