Invest in Halal Stocks & Shariah-Compliant Portfolios in India
Invest in Halal Stocks & Shariah-Compliant Portfolios in India
Safe, ethical, and profitable investments aligned with Islamic principles.
Who We Are – Your Partner in Halal Investing
Mizan Capital is a values-driven financial research and education platform, built to empower retail investors — especially from the Muslim community — with awareness around ethical, halal investing.
“Mizan” means balance — and that’s exactly what we aim to bring to your financial journey:
✅ Balance between risk and reward
✅ Balance between your financial goals and your faith-based values
We are currently working on building tools, research, and guidance focused on:
Shariah-compliant stock analysis
Halal mutual fund insights
Educational resources rooted in Islamic finance principles
🛠️ Our services are currently under development, but our mission is clear:
Tagline: Halal Wealth. Real Growth. True Balance.
Screening Criteria
Given the varying interpretations of what qualifies as a Halal stock, it is essential to follow a clear, consistent, and authoritative framework for identifying Shariah-compliant stocks in India.
At Mizan Capital, we do not currently have an in-house Shariah Board. Therefore, we rely on the trusted screening methodology developed by Zamzam Capital, which is based on the globally recognized criteria set forth by Mufti Muhammad Taqi Usmani (DB) — a leading authority in Islamic finance and one of the most respected Islamic scholars of our time.
We adopt this exact methodology to assess stocks listed in the Indian stock market and present our curated, transparent, and dependable list of Shariah-compliant stocks. This framework is further validated through formal fatawa issued by leading Islamic seminaries in India, including:
We apply the same 6-point Shariah-compliant stock screening criteria used by Zamzam Capital to evaluate and determine Halal stocks in India — ensuring every step aligns with Islamic financial principles.
1. Business of the Company
Core business of the company being invested in must be Halal and in line with the dictates of Shari’a. Hence, investment in securities of any company dealing in conventional banking & finance, conventional insurance, alcoholic drinks, tobacco, pork and other non-halal food products, gambling/gaming, music, movie production, selling of gold & silver jewelry on deferred basis, advertising, arms manufacturing, cloning and pornography or related activities is not permissible.
Note: In cases where the above the non-permissible business activities or sectors constitute less than 5% of total revenue of a company (this is known as the 5% rule) then such companies shall not be excluded from the Halal List.
2. Debt to Total Assets
Debt to Total Assets ratio should be less than 33%. Debt, in this case, is classified as any interest bearing debts including conventional lease liabilities. Zero coupon bonds and preference shares are, both, by definition, part of debt
