Among European countries, the UK market is the place where you can see the most significant interest in halal products, particularly in halal stocks.
How many halal stocks are there in the United Kingdom?
According to the recent data provided by Islamicly, 40% of UK stocks on capital markets are found to be Shariah-compliant. Thus, the UK capital market offers more than 300 halal stocks. This number gives an excellent opportunity for Muslim investors to provide a decent pool of stock options to trade. London Stock Exchange expects more halal stock options to be listed in the upcoming years.
10 Shariah-compliant stocks on London Stock Exchange.
1. PepsiCo Inc (RB)
People In more than 200 countries worldwide consumed PepsiCo products more than one billion times per day. PepsiCo’s complementary food and beverage portfolio, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana, and SodaStream, produced more than $70 billion in net revenue in 2020. PepsiCo’s product portfolio encompasses a wide range of delectable foods and beverages, including 23 brands with estimated annual retail sales of more than $1 billion each.
2. Unilever PLC (ULVR)
Unilever PLC is a manufacturer of fast-moving consumer goods (FMCG). The company’s segments include Personal Care, Foods, Home Care, and Refreshment are. Furthermore, the company’s geographical segments are Asia/AMET/RUB, The Americas, and Europe. Additionally, Unilever PLC has operations in over 100 countries worldwide. In over 70 countries, it has around 310 factories.
3. BP PLC (BP)
BP PLC is a global energy company with activities in Europe, North and South America, Australasia, Asia, and Africa. The company provides fuel for transportation, energy for heat and light, power for industry, and petrochemicals goods. It also produces and refines oil and gas and invests in upstream, downstream, and alternative energy companies, advanced mobility, bio and low-carbon products, carbon management, digital transformation, and power and storage. BP PLC was established in 1908 and is based in London, England.
4. AstraZeneca PLC (AZN)
AstraZeneca PLC is a holding company, which engages in the research, development, and manufacture of pharmaceutical products. Furthermore, the company’s pipelines are including Oncology, cardiovascular, renal, metabolism, and respiratory therapies. The company was founded on June 17, 1992, in Cambridge, United Kingdom, and is headquartered there.
The company also offer various drugs and COVID-19 products such as Synagis, Fluenz Tetra/FluMist Quadrivalent, Seroquel IR/Seroquel XR, Vimovo, Movantik/Moventig, Nexium, Losec/Prilosec, and COVID-19 Vaccine AstraZeneca. In addition, the company supports general care and speciality care providers through distributors and local representative offices.
5. Rio Tinto PLC (RIO)
The Rio Tinto Group is a global mineral resource exploration, mining, and processing company. The corporation offers aluminium, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also has an open pit and underground mines, mills, refineries, smelters, power plants, and research and service centres that it owns and runs. The firm was established in 1873 and is headquartered in London, England.
6. Linde PLC (LIN)
Linde PLC is a subsidiary of Linde Group, a company that specializes in industrial gases and engineering. The company provides both atmospheric and process gases. It creates industrial gases for internal use by designing, engineering, and manufacturing equipment. It also provides patients and medical personnel with gaseous medication and related medical items and devices. The company was formed in 1879 and is headquartered in Guildford, England.
7. Pentair PLC (PNR)
Pentair PLC is an industrial manufacturing company with a wide range of products. The company operates in Water Quality Systems and Flow and Filtration Solutions businesses. Water Quality Systems develops, manufactures, markets, and services water filtration and fluid management systems and solutions for food and beverage, water, swimming pools, and aquaculture applications. While flow and filtration solution involved in the entire water, water treatment, and wastewater system, filtration, desalination, and water supply to water disposal, process, and control.
8. IHS Markit Ltd (INFO)
IHS Markit Ltd is a leading provider of crucial data and analytics to the world’s leading industries, financial markets, and governments. The company has four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS), and Financial Services. Firstly, the resources segment offers energy and chemicals product offerings. Secondly, the transportation segment provides automotive, maritime, and trade. While, the CMS division offers product design, technology, media, telecommunications, and economics and country risk (ECR) products. Lastly, the Financial Services section offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services.
9. Medtronic PLC (MDT)
Medtronic PLC is a device-based medical therapy company that develops, manufactures, distributes, and sells to hospitals, physicians, clinicians, and patients worldwide. In roughly 160 countries, the company manufactures and offers its medical devices and technologies. In addition, the company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group, and Diabetes Group.
10. Steris PLC (STE)
Steris PLC provides infection prevention and other procedural products and services worldwide. It operates in three segments: Healthcare, Applied Sterilization Technologies, and Life Sciences. In addition, the company operates through four reportable business segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The company’s other segment includes the Defense and Industrial business unit. The company serves its customers in the United Kingdom, the United States, and many other countries worldwide.
The United Kingdom Market offers the largest number of Shariah Compliant stocks in the following three sectors: the consumer goods sector (85%), the healthcare sector (72%), and the technology sector (70%).
However, the mentioned halal stocks in the UK may change their Shariah compliance status due to the dynamic market conditions.
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