list of shariah compliant stocks in nasdaq

i. It operates three different market tiers: 1- Capital Market - It lists the equities of small market cap companies. PSX Shariah Compliant Stocks. Simple indicator to show syariah status for specific counter. Investors can make an investment in companies across the globe. Someone investing in a sukuk would not own the debt owed by the bond issuer, but rather, they would own a percentage of the underlying asset that is linked to the investment. NYSE Chicago On a . ShariaPortfolio is a popular asset management firm that specializes in various halal investing and Sharia-compliant opportunities. Thus, through Wealthsimple Islamic investment is made simple and as per the Sharia laws. An Islamic Forex account can be opened where interest-free Forex trading is possible. . Total Population of USA is 330.57 million while the Muslim population is only 3.45 million around 1.04% of the population. There are TJX stores in Europe and North America, which are operated by a worldwide firm. NASDAQ is also very famous in the world and plays a key role in the capital market. We and our partners use cookies to Store and/or access information on a device. 0229 Mobilia Holdings Bhd The FWD Invest First Plus is FWDs first venture into the ILP business. Nasdaq Stock Exchange known as NASDAQ is an American stock exchange. We will be launching global screener in 2021, please stay tuned as we are working . 4. As a comparison, the expense ratio of STI ETF is 0.3% while an actively-managed mutual fund can easily fetch 1.5% or more. 2 on this list. London Stock Exchange also has a vibrant market in exchange-traded funds (ETFs), including three Shariah-compliant ETFs, available through six multi-currency lines based on Islamic indexes. Finbox is a third-party screening service that can be used to find lucrative halal screening options. She shares her findings through the Dollar Bureau blog. 7031 Amtel Holdings Bhd 14. Thats why JD is on our list, as it aspires to be the Chinese equivalent of Amazon. With a 17-year history of increasing dividends and regular share buybacks, this company has shown to be a solid long-term investment. SP Funds recently introduced Sharia-compliant equity and fixed income ETFs. The development of the Securities Screening Methodology . Three Simple Steps to Build Massive Wealth with your Business's Profits. The income generated from haram sources is less than 5%, along with an interest-bearing debt that does not exceed 33%. The consent submitted will only be used for data processing originating from this website. N/A. Display small shariah indicator to stock list in Tradingview (Malaysia, China, Indonesia, US) Help user to easily identify any stock that are either shariah Compliance or non-shariah compliance within Malaysia, US (Nasdaq, NYSE) and China (SSE, SZSE) and Indonesia (IDX). Investors can create their account and start investing with a very small amount of just $100. Its an IDM integrated device manufacturer which implies that it manufactures its own chips rather than outsourcing them. Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. Upholding of ethical and moral values at all times. Furthermore, in 2021, the company witnessed a growth in full-year sales of about 24.5%, with an organic sales growth of 22.9%.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'dollarbureau_com-leader-4','ezslot_8',179,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-leader-4-0'); Similar to Abbott Labs, Pfizer (PFE) is also a healthcare multinational company. Various healthcare goods are developed, manufactured, and sold exceptionally well by this business. Any reputed halal stockbroker can explain all of the options more clearly than what has been listed below, but, to give you a start: Halal investing opportunities are a smart decision for investors with less capital to invest. Participation from Market Makers and . We chose Duolingo to be on our halal stocks list because of its overall performance in the stock market. Business activity screening. Wealthsimple Shariah World Equity Index ETF. You should too. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. Islamic principles state that investors share profits and loss, they do not receive interest (riba) and there is no investment made in businesses that are forbidden. Amana Funds is a family of mutual funds. You will be surprised to know that about 40% of total listed stocks in USA comply with Shariah Principles, as you can see in the graph below: Shariah compliance of various business sectors in USA. Their annualised 10-years return currently stands at 4.42%, while its expense ratio is at 0.6%. Chevron is on our best halal stocks list because with oil and gas prices on the rise, investing early in stocks can turn out to be beneficial in the long run. Your email address will not be published. Jeff is currently on a couple of boards, one for profit, the other not for profit, and now helps entrepreneurs grow their business, profits, and ultimately, create wealth. If it is a shariah compliance, then this extension will add a . Listed Companies in the USA can be classified into 17 business sectors, broadly. Run a fact check about their practices and see if the products they manufacture and sell are ethical and halal. However, it is a long-established pharmaceutical and biotechnology company based in New York City, which was founded in 1849. Moreover, the interest-bearing debt also does not exceed 33%. Available as a website and mobile app, it lets you avail of over 103 courses in up to 40 various languages. Investors can make an investment in companies across the globe. Currently active in over 180 countries worldwide, Chevron deals with various aspects of oil and natural gas such as production, refining, transport, etc. Please note that all comments are pending until approved by our moderators. Its important to keep that in mind as you read through this article. Halal Investments for Singapore Muslims? This list tracks the stocks with the most upwards (top gainers) and downwards (top losers) movement in price from the previous day. And this one: How Do You Know When Its Time to Sell Your Business? 473. 36 on the Fortune 500 list and reported overall sales of $93.77 billion. TheFinispiahalal stocks screener application checks for shariah-compliant stocks from over 90 countries globally. - After installing please reload few times . Compare up to 4 stock symbols . The corporation reported a 25% increase in yearly revenue of RS. Please try again. 8141 Majuperak Holdings Bhd 2. Also, I published a book during the summer of 2018, The Kickass Entrepreneurs Guide to Investing, Three Simple Steps to Create Massive Wealth with Your Businesss Profits. It wasnumber 1on Amazon in both the business and non-fiction sections. Stock Code Name of Securities No. 0226 Aneka Jaringan Holdings Bhd* What makes Pfizer one of the best halal stocks is that since 2000 the company has carried out over 4000 projects for greenhouse gas reduction to help the environment. We reviewed it and we are pleasantly surprised! In 2021, Chevron reported annual revenue of $94.7 billion and ranked 27th on the Fortune 500. Jeff spends time traveling and with his family, writing this blog, managing his real estate portfolio of apartment buildings, overseeing his investment portfolio, investigating angel investments, coaching other entrepreneurs, and managing his private equity holdings. Listed below you will find an example of a number of Shariah-compliant stocks, or companies that you can invest in. These guidelines ensure that the income from the stock market is per Shariah laws. Calculate stock allocations for multiple stocks. Alibabas main competitor in Chinas e-commerce market is JD.com. Sign in e-paper. In 2021, an estimated 92 million people are . Track Compliance and download your list of Compliant stocks. Since earning interest is forbidden under Shariah law, that now begs the question is investing haram in Islam? If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Pfizer (PFE) is a healthcare global firm that has been making headlines recently due to the ongoing pandemic. As featured in. More Muslims can invest in stocks in line with their beliefs with apps like these. There is an opportunity to make an investment in stocks of ones preference. This is crucial. It is possible you just have to take the right steps. Shariah screening is undertaken by Yasaar Limited, to create a Shariah compliant index series. Are you sure you want to block %USER_NAME%? Lets Do The Math. investment is made simple and as per the Sharia laws. Creative Medical Technology Holdings, Inc. E-Home Household Service Holdings Limited. - An Investment Advice, Mining for a Planet: Top Green Mining Stocks For Your Investment, 5 Best Loan Options for Entrepreneurs With Bad Credit, 6 Financing Options to Grow Your Small Business, Why are iGaming companies adding more and more payment options for their, sign up through this link your first $10,000 is managed for free, longest-running halal mutual fund in Canada is Global Iman Fund, Ansar Financial and Development Corporation (AFDC), buy homes without using interest-free based loans, web page for the Amana Mutual Funds Trust, How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club. Click here to find out why! Through this App, you can find Shariah compliant stocks, check the entire universe of stocks in USA for their Shariah compliance, create a portfolio of stocks of your choice and monitor their halal status as well as request for Shariah screening of stocks which might not be covered yet. The S&P 500 consists of 500 companies that are leaders within their industries in the US. It is possible to buy a Shariah-compliant bond called a sukuk which is a financial instrument that is similar to a bond, where the sukuk issuer sells a group of investors a certificate and uses the proceeds of the certificate sales to purchase an asset where the group of investors has fractional ownership. We took a good look and reviewed it here. To research more profoundly into the running of the company, check their annual reports and see whether they received revenue from non-shariah compliant investments or not.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'dollarbureau_com-large-leaderboard-2','ezslot_2',173,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-large-leaderboard-2-0'); Non-liquid assets, also known as illiquid assets, cannot be directly converted to cash. This stock exchange is unique in its style of having the nick name The Big Board. Best Halal ETFs in Canada. Any comment you publish, together with your investing.com profile. Immunology, cardiac health, oncology, neurology, and endocrinology are some of the areas in which Pfizer generates its revenue. Investors may trade in the Pre-Market (4:00-9:30 a.m. To invest in a companys stock market, make sure to check the business model, the source of income, and if the company runs on interest beforehand to manage your wealth properly. With the right guidance and experience, it is possible to earn a reasonable return through forex trading. Losers. any of each other's Investing.com's posts. There is no scope to invest in companies engaged in manufacturing alcohol, gambling industry or alcohol. The 5% rule states that income generated from haram investments in a company should not be greater than 5% of their gross revenue. So, is investing Haram in Islam? A proof that J&J is one of the best stocks is that in 2021 it ranked no. To make things even easier, we have also created a list of shariah screening apps and the 11 best halal stocks you can consider investing in.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'dollarbureau_com-box-4','ezslot_1',171,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-box-4-0'); Here are a few things you can do to check and choose halal stocks: You need to check whether you are about to invest in stocks that follow Islamic principles or not. Stock Code Name of Securities No. Shariah-compliant securities (from companies that have passed Shariah screening) The screening methodologies used by the Shariah board are as follows: a. We reviewed it and shared why we think it could be better. Such investments that provide profit from the companys assets are Halal. However, these options can effectively multiply your wealth and diversify your investment portfolio while complying with the Shariah law. The company has its listing on the London and New York Stock Exchange and, in 2021, reported annual revenue of 52.444 billion.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'dollarbureau_com-sky-4','ezslot_20',187,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-sky-4-0'); Founded in 1879 and formerly known as Pacific Coast Oil Co., Chevron (CVX) is an American multinational energy corporation. Good luck with your wealth-creating journey. which provides mutual funds that represent platinum, silver and also gold. Established in 1849 in New York City, Pfizer functions as a pharmaceutical and biotechnology corporation. Access exclusive data and research, personalize your experience, and sign up to receive email updates. United States of America is the home of immigrants from different parts of the world. You can receive information about various companies, news, charts, and even recommendations for stocks that you might be interested in. With the strict restrictions, the options boil down to a few. Copyright 2019-2023 Dollar Bureau All Rights Reserved Singapore. Medical gadgets, diagnostic kits, pharmaceuticals, and nutritional supplements/products are only a few of their specialities . Such an account is also known as No Riba Forex account. Our preferred brokerage account is moomoo as it provides the lowest fees in the U.S. market. Non-syariah compliant stocks will be indicated by red colored pane. TJMaxx/TKMaxx, Marshalls, Homesense, and Sierra are all owned by it. Diversification in Investing for Beginners, Investing in Stock Markets vs Ethical Investment in Ethis Crowdfunding, Texas Instruments Incorporated (NASDAQ: TXN), How to Earn Halal Money? Our preferred brokerage account is moomoo. Abbott Laboratories (ABT) is a multinational healthcare corporation based in Illinois, the United States, where the corporation was founded in 1888 and is based. Riba is discussed in the Quran and in the hadith. On the other hand, the illiquid to total assets ratio is greater than 20%, which complies with the shariah screening principles. For decades, it was a steady performer, but the pandemic disrupted the flow of customers due to its need for foot traffic. Their minimum investment is $500 and investments inGlobal Iman Fundcan be part of your RRSP or TFSA. We wont send you spam. Shariah-compliant fund range. Investors who are looking forward to investments in Canada can select from a combination of different options. Singapore Financial Planners shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. Shariah-compliant funds are considered to be a type of socially . Get it here: https://www.islamicly.com/if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'dollarbureau_com-large-mobile-banner-1','ezslot_4',175,'0','0'])};__ez_fad_position('div-gpt-ad-dollarbureau_com-large-mobile-banner-1-0'); Covering multiple exchanges, theMusaffastock screener app allows you to track stocks from shariah-compliant companies. Such a portfolio is usually managed by fund management. As a shariah-compliant American multinational firm, Johnson & Johnson (J&J), headquartered in New Jersey, USA, was founded in 1886 and now has operations in 60 countries, selling its goods in over 175 nations across the world. In Islam, when money is lent just for receiving interest, it is known as haram. Its Not All About the Money. Once it is done, it is recommended to executive a number of sophisticated strategies and then secure bigger position. The team has the experience of screening . Traders can also diversify their holdings. Since its inception in 2000, Pfizer has been involved in over 4000 projects aimed at reducing greenhouse gas emissions, making it one of the finest halal stocks around. These Islamic Housing Cooperatives were specially developed so that the Muslims could buy homes without the use of interest-free loans. Fundrise is one of the more popular investing platforms. Tesla is a halal stock as its interest-bearing debt does not exceed 33%. The S&P 500 Shariah includes all Shariah-compliant constituents of the S&P 500, the leading benchmark for the U.S. equity market. Debt / Market Value of Equity (36 month average) < 33 %, (Cash + Interest Bearing Securities) / Market value of Equity (36 month average) < 33%, Accounts Receivables / Market value of Equity (36 month average) < 49 %. The Nasdaq Stock Market, Nasdaq, The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market, ExACT and Exchange Analysis and Compliance Tracking system are trademarks ofNasdaq, Inc. By doing so, you and %USER_NAME% will not be able to see Investors can also optimize the performance of their portfolio. I publish one article a week on small business and wealth creation. Sukuk Investments are quite similar to bonds but these are Halal. . Save my name, email, and website in this browser for the next time I comment. Once a stock passes the sector checks, its financials are evaluated. Research stocks, ETFs, and IPOs based on 13+ filters. You can keep some of your investments in cash (instead of bonds which pay interest), but, keep in mind, your cash allocation wont pay interest. List of Shariah-Compliant Securities May 2021 Table 1: Newly classified Shariah-compliant securities No. You'll get alerted via email anytime the shariah . Wahed Invest is also one of the companies changing the game for most Muslim Investors. We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. Halal Investment: List of Shariah Compliant Stocks in USA There has been a long-standing demand from Shariah sensitive investors in the United States of America for Shariah-compliant equities available on US stock markets. During the epidemic, the company saw a significant increase in sales. Expand your business, improve your profits, and create wealth. Isnt it amazing? It consists of 50 states and 5 major self-governing territories. Exchange-traded funds (ETFs) are funds traded on a stock exchange (such as the Nasdaq or the London Stock Exchange). Those markets are: 1. NYSE national. If this is all of your savings, and youre not allocating to any other asset class, then you need to be aware that your portfolio will have huge swings with the market, and will not be counterbalanced by an appropriate asset allocation. Both halal and haram are applicable to all facets of Islamic life, not just investing of course, but for the purposes of this article, were going to focus exclusively on stock trading, investments, and forex. Form: 400529. "Zoya is revolutionizing halal investing by empowering Muslims to make conscious investment decisions.". Sector wise Shariah compliance of companies listed in the USA can be seen below: Being a Shariah Sensitive investor, you have multiple options in America to make your investments in a. Shariah Compliant manner. In the end, the holder of the sukuk would receive earnings generated by the underlying asset. This corporation specialises in computers, computer software, consumer electronics, and other technology-related services. In the Q4 of 2021, their COVID-19 testing kit sales were $2.3 billion globally. 1.4 The FTSE Nasdaq Dubai Shariah Index Series does not take account of ESG factors in its index design. Thus, it is a good opportunity to invest only in those companies which are in accordance with Islamic laws. The interface is simple and helps investors in opening different accounts. Your ability to comment is currently suspended due to negative user reports. What is Shariah Compliance: Definition. Ready to get these stocks? Since TIs chips arent as cutting-edge compared to XX?, theyve managed to win a slot on this list despite their inferiority. 5. As a result, Sharia-compliant indices contain a large number of companies from the healthcare and technology sectors. Transparency: Know exactly why a stock is not compliant. Include punctuation and upper and lower cases. Whenever the information in this document ("Information") refers to Shari'a Compliance, it should be read in conjunction with the screening criteria approved by the DFM Fatwa & Shari'a Supervisory Boards. Jeff sold his company to private equity in 2017 and is now semi-retired. In this regard we adhere to the Shariah guidelines as advised by the Shariah Board. Thus, it is possible to have the price at a minimum level. It's famous for being the largest stock exchange in the world, by market capitalization of its listed stocks. Compare and get the best for your budget and spending requirements. %USER_NAME% was successfully added to your Block List. Riba: Another important term to note is riba, which is another Arabic term and when translated means earning dishonest returns under Shariah law. Therefore, Nvidia is a good stock for Muslims to invest in. Comprehensive information about the NASDAQ-100 Shariah index. An experienced halal forex broker can help investors understand the different aspects of options trading or halal trading, and whether adakah forex haram. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. 7 Best Cashback Credit Cards in Singapore. Let us discuss a few basic stuff first relating to shariah investing. The index guidelines are monitored by an advisory board of renown Sharia experts. Some Shariah compliant investment options are listed below: Some famous mutual funds, ETFs and Indices that follow Shariah principles are mentioned below. If it is a shariah compliance, then this extension will add a small green indicator to that stock. Cooper Companies Inc COO US Cooper Tire & Rubber Co CTB US Cooper-Standard Holdings Inc CPS US Copa Holdings, S.A. CPA PA Copart, Inc. CPRT US Core Laboratories N.V. CLB NL Core Molding Technologies, Inc. CMT US CorVel Corporation CRVL US CoStar Group Inc CSGP US CounterPath, Corp. CPAH US CPS Technologies Corporation CPSH US CRA International . Related: Investing in Stock Markets vs Ethical Investment in Ethis Crowdfunding. The company manufactures and sells various beverages and concentrates that are non-alcoholic. The opposite of the word halal is haram which means prohibited or unlawful. 1. A third-party screen can be used to know more about the income sources of the specific company. Shariah Compliant equity stocks. Wealth Simple, for example, has an online trading platform that is specifically designed for Halal investing. We chose Wahed FTSE USA Shariah ETF as one of the best halal ETFs because it is a low-cost fund with a pretty decent expense ratio of 0.50%. The percentage of total interest-bearing debt of a company should not exceed 33% compared to their total assets. Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. The Top 5 Debt Free Stocks on the NYSE. You can also buy shares inBullion Management Group (BMG), which offers mutual funds that represent shares of physical gold, silver, and platinum, stored in secure vaults. If you have plenty of money to invest, then the best option is to get in touch with a bank and get help from a professional investment advisor. S&P Global 1200 Shariah Utilities (Sector), S&P Global 1200 Shariah Communication Services (Sector), S&P Global 1200 Shariah Consumer Discretionary (Sector), S&P Global 1200 Shariah Consumer Staples (Sector). The Manulife InvestReady III is Manulifes 3rd rendition of their ILP. 3. : Disclaimer: Islamicly has not verified the Shariah compliance authenticity of the above listed avenues. Currently, there are 503 stocks because some of the companies in the index have multiple classes of equity shares, such as Alphabet (GOOG and GOOGL). TJX Companies (TJX) is a multinational company founded in 1987 in Massachusetts, US. But as a Muslim investor, figuring out what types of investments are allowed and prohibited for you can seem like a more complex and daunting process. Even though a quarter of the worlds population is Muslim, halal investment opportunities, or halal ways to invest money, are still unfortunately somewhat limited, but, the good news is that things are changing. Engro Corp. (ENGRO) is a multi-industry company under the PSX (Pakistan Stock Exchange). Stock Compare. Zoya makes halal investing easy by helping you build and monitor a shariah compliant investment portfolio with confidence and clarity. Lets Do The Math. Comments that are written in all caps and contain excessive use of symbols will be removed. This fund provides diversification with a rich halal investment portfolio, and that covers more than 100 Sharia-compliant companies. When using Fundrise, traders purchase real estate with the help of a negotiated sale. This application enables you to access reports of multiple stocks from the US, Canada, and the UK. Sharia securities list are a collection of securities that do not in contrary with Sharia principles in Capital Markets, which is endorsed by Bapepam-LK or party approved by Bapepam-LK. NYSE Acra Equities Economic Events and content by followed authors, It's Here: the Only Stock Screener You'll Ever Need, Write your thoughts about NASDAQ-100 Shariah. Returns to shareholders are more common than dividend payments. If you enjoyed this article, you might also enjoy: How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club. Nvidia Corp. (NVDA) is a halal stock. There can be no assurance as to the Shariah compliance of the securities listed by Baraka. The screener also creates a portfolio of all your added stocks and notifies you whenever the compliance changes. What investments are there where interest (riba) is generally not involved, and. Discover more about S&P Globals offerings, Direxion Daily S&P Biotech Bear 3X Shares. I review Wealth Simple in greater detail below (and if you sign up through this link your first $10,000 is managed for free). Should there be any interest-bearing or riba earned, then it is imperative that the investor keeps track of and donate those proceeds to a charity. It even lets you evaluate risks, create a watchlist of different stocks you are interested in, and send emails when there is a change in the compliance status of stock. The information provided by Singapore Financial Planners and its affiliated parties is not meant to be construed as financial advice. You can sign up for a Wealthsimple account by following this link. Our team at Dollar Bureau lets you connect with unbiased financial advisors who help you make smart decisions for your financial needs. While some screeners label Apple as a halal stock, most are still unsure about its status. While we have tried to include all such products, we do not guarantee the completeness or accuracy of such lists. Since more people want to invest while following Islamic rules, more companies are emerging, making Halal investment a lot easier. The share price of TI has risen continuously for a decade and has doubled since the March 2020 fall. These are all stored in different secured vaults. Do watch what one of the pioneering scholar of Islamic finance says about Islamicly here: List of Shariah screening stocks in Indonesia Stock market in accordance with the Shariah screening criteria developed by Shariah well keep you updated on the status via email, CBOSE Stock Exchange - Ceased trading April 30, 2014, NYSE American (formerly NYSE MKT and the American Stock Exchange). With the development of the COVID-19 vaccine, Pfizer announced Q4 revenue of $23.84 billion in 2021. Here, three scenario arises. I also add secondary features to calculate lot size based on capital you have. if less than 5% of the companys revenue comes from the non-permissible business activities, it is still deemed to have passed the sector compliance test. Thanks for your comment. This makes it a questionable company to invest in as a Muslim. (or Islamic law). Earning money due to price appreciation of the underlying asset, or from profit distribution of different businesses does not constitute a violation, and so, since Islam is based on permissibility, investing in stocks is halal. In 2021, an estimated 92 million people are expected to use this educational platform. Although the business model is shariah-compliant, some of its revenue is generated from haram sources and includes interest. There is an increased chance of lowering the risk of losing money and maximizing profits. The global sales of their COVID-19 testing kits reached $2.3 billion in the fourth quarter of 2021. In contrast to Intel and Nvidia, TIs semiconductors are more affordable and easier to manufacture. by M Shafivs. Unilever classifies as one of the best halal stocks because of the revenue it receives from its wide variety of products. In this investment guide, you will find ETFs that offer access to Sharia-compliant investment. Shariah-compliant investments in America: For all Muslims who are looking for Halal investing options in America, here are some options: Islamic Investing Canada, and Shariah-compliant investments in Canada: Investors who are looking forward to investments in Canada can select from a combination of different options.