Top 10 Halal Stocks in Nifty by Market Cap (2025)
Every year, more Muslim investors in India turn to halal investing—selecting Shariah-compliant stocks that align with Islamic principles.
To help you build a strong, ethical portfolio, we’ve curated a list of the Top 10 Halal Stocks in the Nifty Index by Market Capitalization as taken from our very own Halal Stocks List. These stocks are the growth drivers and foundation of the Indian economy and can be expected to offer long-term growth potential. However as a Shariah-compliant investor, one must constantly (every 6 months) screen stocks for their Shariah compliance.
What Makes a Stock Halal?
Before we dive into the list, let’s recap what qualifies a stock as halal:
- ✅ Shariah-compliant core business
- ✅ Low interest-bearing debt (< 33% of total assets)
- ✅ Low non-compliant investments (< 33% of total assets)
- ✅ Interest income < 5% of revenue
Top 10 Halal Stocks in Nifty Index by Market Cap – 2025 Edition
| Stock Name | Sector | Market Cap (₹ Cr) |
|---|---|---|
| Bharti Airtel Ltd | Telecom | 12,00,000+ |
| Hindustan Unilever Ltd | FMCG | 5,60,000+ |
| Sun Pharmaceuticals Ltd | Pharmaceuticals | 4,00,000+ |
| Ultratech Cement Ltd | Cement | 3,60,000+ |
| Oil & Natural Gas Corporation Ltd | Oil | 3,00,000+ |
| Avenue Supermarts Ltd | FMCG | 2,70,000+ |
| Tata Motors Ltd | Auto | 2,50,000+ |
| Asian Paints Ltd | Paints | 2,40,000+ |
| Coal India Ltd | Coal | 2,35,000+ |
| Nestle India Ltd | FMCG | 2,30,000+ |
📌 Data for Shariah compliance is based on Zamzam Capital’s Halal Stocks List updated as of March 31, 2025 available financial data and Market Capitalizations data taken as of June 30, 2025.
Key tips for Halal Investors
- ✅ Use a demat account with no leverage/futures
- ✅ Use a reputed and verified halal stocks list
- ✅ Build a diversified halal portfolio across multiple sectors
- ✅ Stay updated on upcoming IPOs via our Telegram channel
- ✅ Re-check on Shariah compliance every 6 months
- ✅ Buy using cash delivery, not intraday
- ✅ Stay away from F&O and speculative trade
Conclusion
Halal investing in India is growing rapidly. Use Zamzam Capital’s Shariah-compliant stocks list to invest ethically and confidently.
