Halal FTSE 100 Stocks
A complete list of FTSE 100 companies that pass AAOIFI shariah screening. Every stock has been analysed across four criteria: permissible business activity, debt-to-market-cap ratio, interest income ratio, and cash-and-securities ratio. Only companies passing all four screens are listed below.
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Halal stocks
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Screening criteria
Halal FTSE 100 Stocks by Sector
0 FTSE 100 companies currently pass all shariah criteria, spanning 0 sectors. Click any stock for its full screening report.
What is the FTSE 100?
The FTSE 100 (Financial Times Stock Exchange 100 Index) tracks the 100 largest companies listed on the London Stock Exchange by market capitalisation. It is the most widely followed UK equity benchmark and covers approximately 80% of the total market value of all LSE-listed companies.
FTSE 100 companies span every major sector of the UK and global economy — from energy giants like Shell and BP, to pharmaceutical leaders like AstraZeneca and GSK, consumer brands like Unilever and Diageo, and industrial companies like Rolls-Royce and BAE Systems.
For Muslim investors in the UK, the FTSE 100 is the natural starting point for faith-aligned investing. However, conventional banks, insurers, tobacco companies, and alcohol producers must be excluded. This page lists only those FTSE 100 companies that pass our full four-factor halal screen.
How We Screen FTSE 100 Stocks for Halal Compliance
Our screening methodology follows AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions) standards — the same framework used by leading halal ETFs such as ISWD and SPUS.
1. Business Activity
The company must not derive significant revenue from alcohol, gambling, tobacco, pork, weapons manufacturing, or conventional interest-based banking and insurance.
2. Debt Ratio ≤ 33%
Total debt divided by market capitalisation must be below 33%. Highly leveraged companies are excluded as their capital structure relies heavily on interest-bearing borrowing (riba).
3. Interest Income ≤ 5%
Interest income as a proportion of total revenue must not exceed 5%. This ensures the company does not earn a material amount of income from forbidden interest-based activities.
4. Cash & Securities ≤ 33%
Cash and short-term interest-bearing investments as a proportion of market cap must stay below 33%. Excessive idle cash in interest-bearing instruments is discouraged under Islamic finance.
Why Invest in Halal FTSE 100 Stocks?
Home market advantage
UK investors buying FTSE 100 stocks through an ISA pay no capital gains tax or dividend tax on returns. Halal FTSE 100 stocks let you maximise your ISA allowance while staying faith-compliant.
Global blue-chip exposure
Despite being a UK index, around 75% of FTSE 100 revenues come from overseas. Companies like AstraZeneca, Shell, Unilever, and Rio Tinto are truly global businesses that happen to be listed in London.
Faith-aligned investing
Investing in halal stocks allows Muslim investors to build wealth without compromising their values. Your capital is not deployed in companies that profit from alcohol, gambling, riba, or other prohibited activities.
Dividend income
The FTSE 100 has historically offered higher dividend yields than the S&P 500. Many halal FTSE 100 companies — including miners, industrials, and consumer staples — pay generous dividends, making them attractive for income investors.
Which FTSE 100 Sectors Are Mostly Excluded?
Financial Services is the most heavily filtered sector. The big UK banks — Barclays, Lloyds, NatWest, HSBC, and Standard Chartered — all fail the business activity screen as their core revenue comes from interest-based lending. Insurers such as Legal & General, Aviva, and Phoenix Group are also excluded.
Consumer Staples loses several companies due to tobacco — British American Tobacco (BATS) and Imperial Brands (IMB) are among the largest tobacco companies in the world — and alcohol producers such as Diageo (DGE), the world's largest spirits company, and AB InBev.
Defence companies such as BAE Systems (BA) are typically excluded by scholars who consider weapons manufacturing prohibited, though opinions vary on this.
Gambling operators such as Entain (ENT), which owns Ladbrokes and Coral, are clearly excluded under all shariah screening methodologies.
Frequently Asked Questions
Which FTSE 100 stocks are halal?
Based on our AAOIFI-based shariah screening, 0 FTSE 100 companies currently pass all four criteria: permissible business activity, debt-to-market-cap below 33%, interest income below 5% of revenue, and cash and interest-bearing securities below 33% of market cap. The full list is on this page, grouped by sector.
How are FTSE 100 stocks screened for halal compliance?
We apply a four-step AAOIFI-based screen. First: business activity — excluding alcohol, gambling, tobacco, pork, weapons, and conventional banking. Second: debt-to-market-cap ratio below 33%. Third: interest income below 5% of total revenue. Fourth: cash and interest-bearing securities below 33% of market cap. A stock must pass all four to be listed here.
Is AstraZeneca (AZN) halal to invest in?
AstraZeneca is widely considered halal. Its core business — pharmaceutical research and drug development — is permissible under Islamic finance principles. Check the AZN page on HalalStocks.co.uk for the latest screening result with current financial data.
Is Shell (SHEL) halal?
Shell's oil and gas business activity is generally considered permissible by most scholars. The key ratios to monitor are debt-to-market-cap and interest income, which can vary with energy prices and capital structure changes. See the SHEL page for the current result.
Are UK bank stocks like Barclays or Lloyds halal?
Conventional UK bank stocks such as Barclays (BARC), Lloyds (LLOY), NatWest (NWG), HSBC (HSBA), and Standard Chartered (STAN) are generally considered not halal. Their core business is interest-based lending (riba), which is prohibited in Islamic finance. UK Muslim investors seeking financial exposure should consider shariah-compliant alternatives such as halal ETFs.
What percentage of the FTSE 100 is halal?
Based on our current screening, approximately 0% of FTSE 100 companies pass AAOIFI shariah criteria. The most common reasons for exclusion are conventional banking and insurance, tobacco, gambling, and excessive debt or interest income.
Check Any Stock's Halal Status
Want to screen a specific stock not listed here? Use our free shariah stock screener — instant results for any UK or US listed company.