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Halal stock screener
Halal Stocks in the United Kingdom
26 UK companies have public Shariah screening pages on Mizaan so far, screened against AAOIFI Shari’ah Standard No. 21: 7 currently Compliant, 3 Questionable and 16 Not Compliant. Every page shows the business activity screen, the three financial ratios against their thresholds, the data sources and the screening date.
Verdicts are the output of a published screening standard applied to reported financials, refreshed on a rolling basis. They are not religious rulings.
Compliant UK stocks
Questionable: passes the ratios but needs a closer look
A missing statement line, a ratio close to its threshold, or a flagged business activity. The page lists the specific concern.
Not Compliant UK stocks
- 0005.HKHSBC HOLDINGS · HKEXNot Compliant
- ARQQArqit Quantum Inc. · NASDAQNot Compliant
- BDRXBiodexa Pharmaceuticals plc · NASDAQNot Compliant
- GRRRGorilla Technology Group Inc. · NASDAQNot Compliant
- HSBA.LHSBC HOLDINGS PLC ORD $0.50 (UK · LSENot Compliant
- HSBCHSBC Holdings, plc. · NYSENot Compliant
- IQEPFIQE Plc · OTCNot Compliant
- IQEPYIQE Plc · OTCNot Compliant
- LYGLloyds Banking Group Plc · NYSENot Compliant
- MREOMereo BioPharma Group plc · NASDAQNot Compliant
- NWCLnewcleo plc · NASDAQNot Compliant
- RTORentokil Initial plc · NYSENot Compliant
- SAG.LSCIENCE GROUP PLC ORD 1P · LSENot Compliant
- VIVOVivoPower PLC · NASDAQNot Compliant
- VODVodafone Group Plc · NASDAQNot Compliant
- VRAXVirax Biolabs Group Limited · NASDAQNot Compliant
Screen a well-known UK listing
These have not been screened publicly yet. Opening one runs the screen and creates its page.
How UK stocks are screened
Mizaan screens London Stock Exchange and AIM listings that Yahoo Finance holds annual financial statements for. Search with the Yahoo suffix, so Unilever is ULVR.L and AstraZeneca is AZN.L. Prices on the LSE are quoted in pence, but the screen uses the company’s statements and market capitalisation, so the quote convention does not affect the ratios.
UK companies do not file with the SEC unless they also list in New York, so for most LSE listings the business activity data is inferred from the company description and the page carries a lower-confidence label. The financial ratios themselves come from the reported statements and are checked against the same AAOIFI thresholds as any other market: interest-bearing debt and securities below 30% of market capitalisation and non-permissible income below 5% of revenue.
Several UK groups trade in the US as well, either directly or as American Depositary Receipts, such as Arm Holdings on NASDAQ and HSBC on the NYSE. Screening the US ticker gives the filing-backed result where the company files a 20-F; the London ticker gives the same ratios from Yahoo statements. London-listed ETFs are screened as funds where the data allows.
London also lists several Shariah index ETFs, such as the HSBC MSCI World Islamic and iShares MSCI World Islamic funds, and they have screening pages like any other listing (HIWS.L, SUWS.L). A fund’s result depends on how much holdings data is available, so some show Questionable rather than a pass or a fail, and the page says which inputs were missing.
As elsewhere, the large banks fail the business activity screen because their revenue is mainly interest, and the cached results for HSBC and Lloyds show Not Compliant. Compliant results tend to come from engineering, technology and consumer companies with little debt. A verdict is tied to a statement period and a market capitalisation, so it can change at the next filing.
Read the full methodology, including the standards comparison table and refresh cadences.
Frequently asked questions
Can I screen AIM-listed companies?
- Yes, if Yahoo Finance holds annual statements for the listing. Smaller AIM companies sometimes lack a market capitalisation or a complete balance sheet in the data, in which case the page says the listing is not covered yet and shows no verdict rather than filling gaps with estimates.
Does holding shares in an ISA or SIPP change anything?
- No. The screen assesses the company, not the account. Purification, where a compliant company has a small share of impermissible income, is calculated on the company’s figures and applies whichever account holds the shares.
Why is a UK bank Not Compliant when its ratios look fine?
- The business activity screen comes first. A company whose core business is conventional banking or insurance is excluded regardless of its ratios, because the revenue itself is interest-based under the AAOIFI standard Mizaan applies. The financial ratio screen only decides the outcome for companies that pass the business screen.
Which standard is used for UK stocks?
- AAOIFI Shari’ah Standard No. 21 by default, with the same thresholds as for every other market. Premium members can switch any stock page to DJIM, S&P or MSCI, since those standards divide by different denominators and the same company can be classified differently; the methodology page lists each standard’s thresholds and sources.
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Mizaan applies published screening standards and explains the result. It does not issue religious rulings. Please consult a qualified scholar for a personal decision.