{"id":6961,"date":"2022-05-31T19:42:48","date_gmt":"2022-05-31T19:42:48","guid":{"rendered":"https:\/\/ifg.local\/articles\/the-top-5-debt-free-halal-stocks-on-the-nyse\/"},"modified":"2023-10-31T21:25:22","modified_gmt":"2023-10-31T21:25:22","slug":"the-top-5-debt-free-halal-stocks-on-the-nyse","status":"publish","type":"post","link":"https:\/\/www.islamicfinanceguru.com\/articles\/the-top-5-debt-free-halal-stocks-on-the-nyse","title":{"rendered":"Top 5 Debt Free Halal Stocks on the NYSE – Halal Stocks | IFG"},"content":{"rendered":"
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- Introduction<\/a>
\n- The Fundamentals<\/a>
\n- Stock Screening Breakdown<\/a>
\n- The Top 5 Debt Free Stocks on the NYSE<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The following is a guest post from Kashif Choudhury. We think it’s a great sharia and commercial analysis coming at it from a perspective that it is best to just go for zero-debt companies. We are personally happy with the 33% debt allowance that most Islamic scholars allow but have sympathies with the zero-debt school. Enjoy!<\/em><\/p>\n

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Introduction<\/h2>\n

In the modern debt and riba-ridden world, investing your money can seem like an all-or-nothing proposition. You either disregard the teachings of the Quran and Sunnah and go all out on riba-based investments, or you don\u2019t invest at all, trying to adhere to the restrictions.<\/p>\n

In this article, I argue that you can stick to the teachings of Islam and still invest your money in stocks that will grow over time and give you a competitive return on investment.<\/p>\n

I do this by sharing my list of the top 5 stock picks on the New York Stock Exchange that have zero debt on their books and run their operations solely from their retained earnings and cash reserves.<\/p>\n\n\n\n
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