How does D/E differ from the halal screen's debt ratio?

D/E is debt ÷ book equity (accounting). The AAOIFI debt ratio is interest-bearing debt ÷ 36-month average market cap (must be below 30%). This list shows stocks that pass both.

Is a debt-free company always better?

Not necessarily: cheap debt can speed up growth. For a halal investor, though, little interest-bearing debt makes it more likely the stock stays within the screen.

Which stocks lead the list right now?

As of 2026-10-15: SK hynix Inc. (SKHY), Micron Technology, Inc. (MU), Advanced Micro Devices, Inc. (AMD), ASML Holding N.V. - New York Re (ASML), Palo Alto Networks, Inc. (PANW). In total 52 stocks meet the criteria.

Is this list investment advice?

No. It is the output of an automatic filter on public data; the criteria are written on the page. No stock is recommended for purchase and this is not a fatwa.

How often is the list updated?

The page is rebuilt every 30 minutes. Prices update every 5 minutes, technicals (RSI, 52-week high, 1-year performance) after each trading day closes, and fundamentals (P/E, dividend, ROE) every few days.

Where does the halal rating come from?

From our own AAOIFI-style screener: prohibited business activity, interest-bearing debt, cash and interest-income ratios are checked. The methodology page lists the thresholds and sources.

Curated halal list

Halal stocks with almost no debt

HALAL stocks only. Filters: market cap of at least $10B, price of at least $5, average daily volume of at least 200K shares, positive net profit margin, and debt-to-equity (D/E) between 0 and 0.1. Sorted by market cap, largest first.

Filter criteria

Halal status: HALAL
Price ≥ $5
Avg daily volume ≥ 200K
Market cap ≥ $10B
D/E 0 – 0.1
Net margin > 0%

Sorted by: Market cap — highest first

Prices: 2026-10-16 16:00 ETTechnicals: 2026-10-15Fundamentals: 2026-10-15

Dates are the newest record in the data. Prices update every 5 minutes, technicals after each trading day closes, fundamentals every few days.

Top 25 of 52 matching stocks

#	Company	D/E	Net margin	P/E	Market cap	Price	Status
1	SK hynix Inc.SKHY	0.08	85.6%	9.32	$1.05T	$136.49	HALAL
2	Micron Technology, Inc.MU	0.04	63.8%	12.53	$1.03T	$878.84	HALAL
3	Advanced Micro Devices, Inc.AMD	0.06	15.7%	143.43	$956.93B	$528.75	HALAL
4	ASML Holding N.V. - New York ReASML	0.09	30.1%	53.80	$629.62B	$1,641.52	HALAL
5	Palo Alto Networks, Inc.PANW	0.09	2.7%	925.68	$308.04B	$342	HALAL
6	Arm Holdings plcARM	0.06	20.3%	252.36	$259.10B	$227.8	HALAL
7	Shopify Inc.SHOP	0.01	14.5%	120.36	$228.19B	$169.52	HALAL
8	Sandisk CorporationSNDK	0.01	56.5%	18.91	$194.47B	$1,299.3	HALAL
9	Vertex Pharmaceuticals IncorporVRTX	0.10	35.0%	29.63	$124.91B	$499.74	HALAL
10	Agnico Eagle Mines LimitedAEM	0.01	40.4%	16.04	$93.58B	$189.51	HALAL
11	Monster Beverage CorporationMNST	0.01	23.1%	41.22	$85.09B	$45.73	HALAL
12	Monolithic Power Systems, Inc.MPWR	0.00	24.5%	75.99	$62.47B	$1,210.86	HALAL
13	Garmin Ltd.GRMN	0.03	24.5%	29.43	$53.63B	$284.82	HALAL
14	Teradyne, Inc.TER	0.03	25.8%	47.14	$52.63B	$325	HALAL
15	argenx SEARGX	0.01	32.3%	32.25	$51.83B	$819.14	HALAL
16	Edwards Lifesciences CorporatioEW	0.07	15.1%	52.44	$49.22B	$86.61	HALAL
17	Infosys LimitedINFY	0.10	16.4%	14.98	$49.07B	$12.25	HALAL
18	Old Dominion Freight Line, Inc.ODFL	0.00	19.4%	36.32	$38.98B	$187.72	HALAL
19	Okta, Inc.OKTA	0.01	9.6%	125.61	$38.78B	$187.26	HALAL
20	Chunghwa Telecom Co., Ltd.CHT	0.10	16.1%	29.06	$36.83B	$47.64	HALAL
21	Credo Technology Group Holding CRDO	0.01	33.8%	63.30	$35.91B	$169.7	HALAL
22	Reddit, Inc.RDDT	0.01	31.4%	37.06	$29.55B	$156.08	HALAL
23	Tenaris S.A.TS	0.03	15.9%	15.27	$29.37B	$59.38	HALAL
24	MongoDB, Inc.MDB	0.02	2.1%	509.01	$29.12B	$337.57	HALAL
25	Ryanair Holdings plcRYAAY	0.02	12.1%	12.52	$26.86B	$52.54	HALAL

The bar shows Market cap relative to the largest value in the list. Click a ticker for the stock's halal analysis: ratios, reasons, purification share.

How to use this list

Low debt means low financial risk, not that a stock is cheap or will grow. Note: the debt ratio in AAOIFI screening is measured against MARKET CAP, while D/E here is measured against BOOK equity — they are different numbers.

This is not a conclusion — it is a starting point for research. Each stock's page shows its halal ratios and reasons; study the business, its reports and its price chart separately.

Halal status is re-checked daily and can change. Before buying, check the latest screening date on the stock's page. Screening methodology

Glossary

Debt-to-equity (D/E)Debt ratio Balance sheet Net margin

Build your own filter in the screener

The screener filters and sorts by halal status, sector, exchange, market cap, P/E, ROE, debt, revenue growth, RSI, 52-week high and dozens of other metrics — the full list, not just the top 25. Signing up is free.

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Frequently asked questions

How does D/E differ from the halal screen's debt ratio?: D/E is debt ÷ book equity (accounting). The AAOIFI debt ratio is interest-bearing debt ÷ 36-month average market cap (must be below 30%). This list shows stocks that pass both.
Is a debt-free company always better?: Not necessarily: cheap debt can speed up growth. For a halal investor, though, little interest-bearing debt makes it more likely the stock stays within the screen.
Which stocks lead the list right now?: As of 2026-10-15: SK hynix Inc. (SKHY), Micron Technology, Inc. (MU), Advanced Micro Devices, Inc. (AMD), ASML Holding N.V. - New York Re (ASML), Palo Alto Networks, Inc. (PANW). In total 52 stocks meet the criteria.
Is this list investment advice?: No. It is the output of an automatic filter on public data; the criteria are written on the page. No stock is recommended for purchase and this is not a fatwa.
How often is the list updated?: The page is rebuilt every 30 minutes. Prices update every 5 minutes, technicals (RSI, 52-week high, 1-year performance) after each trading day closes, and fundamentals (P/E, dividend, ROE) every few days.
Where does the halal rating come from?: From our own AAOIFI-style screener: prohibited business activity, interest-bearing debt, cash and interest-income ratios are checked. The methodology page lists the thresholds and sources.

Other halal lists

Halal dividend stocksUS stocks that pass AAOIFI screening with a market cap above $2B, ranked by dividend yield — the top 25, refreshed daily.Sustainable dividendsProfitable halal stocks above $10B market cap that pay out at most 75% of earnings, with a dividend yield above 2%.Low P/E (cheap)Profitable halal stocks above $2B market cap with a P/E between 5 and 15 — the 25 cheapest.Halal growth stocksProfitable halal stocks above $2B market cap whose revenue grew at least 20% year over year — ranked by growth.Consistent growth (3y)Profitable halal stocks ($5B+ market cap) whose revenue grew at least 15% a year over three years and is still growing.Halal mega capsThe world's largest companies — market cap above $200B — that pass AAOIFI screening, ranked by market cap.Under $50Liquid halal stocks priced between $5 and $50 with a market cap above $2B — for beginners with a small account.Under $20Halal stocks priced between $5 and $20 with a market cap above $1B and over 1M shares traded a day.Near 52-week highHalal stocks ($2B+ market cap) trading within 3% of their highest price of the past 52 weeks.Oversold (RSI < 30)Liquid halal stocks ($2B+ market cap) with a daily RSI(14) below 30 — lowest RSI first.High ROEProfitable halal stocks ($5B+ market cap) with ROE between 20% and 100% and debt no larger than equity.High profit marginHalal companies ($10B+ market cap) with a net profit margin of at least 20% — ranked by margin.Momentum (1 year)Liquid halal stocks ($10B+ market cap) up at least 20% over the past 12 months — ranked by 1-year return.

For information only — not investment advice and not a fatwa. Figures are computed automatically from Yahoo Finance data and may contain errors. Do your own checks before any decision.