Top 5 Halal Stocks of 2025: Performance & Shariah Recap
A year-end review of the Shariah-compliant stocks that outperformed the market
📊 Executive Summary
2025 was a landmark year for halal investors. AI-driven stocks and healthcare innovators led the charge, with several AAOIFI-compliant companies outperforming the S&P 500 by 3x or more.
| Rank | Ticker | Company | 2025 Gain | Sector | Debt Ratio | Shariah |
|---|---|---|---|---|---|---|
| #1 | HIMS | Hims & Hers Health | +140% | Healthcare/Telehealth | 8% | Halal |
| #2 | TMDX | TransMedics Group | +110% | Medical Devices | 12% | Halal |
| #3 | NVDA | NVIDIA Corporation | +178% | Semiconductors | 15% | Halal |
| #4 | AVGO | Broadcom Inc | +60% | Semiconductors | 22% | Halal |
| #5 | AAPL | Apple Inc | +31% | Technology | 14% | Halal |
2025 proved that Shariah-compliant investing doesn't mean sacrificing returns. Let's break down why each of these stocks performed and how they maintained halal status.
1. 🏥 Hims & Hers Health (HIMS) — +140%
The Catalyst
Hims & Hers rode the telehealth and weight loss revolution of 2025. Their GLP-1 compounding services (cheaper alternatives to Ozempic) drove explosive subscriber growth. Revenue jumped 77% YoY, with the company achieving profitability for the first time.
Shariah Verdict: ✅ Halal
- Debt Ratio: 8% (well under 30%)
- Business Activity: Healthcare/wellness — permissible
- Impure Revenue: 0% — no interest income or haram activities
2. 🫀 TransMedics Group (TMDX) — +110%
The Catalyst
TransMedics revolutionized organ transplants with their Organ Care System (OCS). The FDA approval for liver and lung perfusion systems expanded their market significantly. They went from a niche med-tech company to the standard of care in transplant logistics.
Shariah Verdict: ✅ Halal
- Debt Ratio: 12% (passes AAOIFI)
- Business Activity: Medical devices for life-saving procedures — permissible
- Impure Revenue: <1%
3. 🔲 NVIDIA Corporation (NVDA) — +178%
The Catalyst
NVIDIA's dominance in AI chips was undisputed in 2025. The Blackwell architecture launch broke records, and data center revenue exceeded $100B for the first time. Every major tech company — from OpenAI to Tesla — relies on NVIDIA GPUs.
Shariah Verdict: ✅ Halal
- Debt Ratio: 15% (comfortably passes)
- Business Activity: Hardware/semiconductor manufacturing — permissible
- Impure Revenue: 1.2% (minor interest income)
4. 📡 Broadcom Inc (AVGO) — +60%
The Catalyst
Broadcom's VMware acquisition paid off massively in 2025. Their custom AI chips for hyperscalers (Google, Meta) provided diversification from the NVIDIA monoculture. The software + semiconductor combo created a unique moat.
Shariah Verdict: ✅ Halal
- Debt Ratio: 22% (passes, but higher — monitor quarterly)
- Business Activity: Semiconductors and infrastructure software — permissible
- Impure Revenue: 2.1%
5. 🍎 Apple Inc (AAPL) — +31%
The Catalyst
Apple's Apple Intelligence rollout reinvigorated iPhone sales in 2025. The Vision Pro saw gradual enterprise adoption, and Services revenue hit record highs. While not the top performer, Apple remained a reliable Shariah-compliant blue chip.
Shariah Verdict: ✅ Halal
- Debt Ratio: 14%
- Business Activity: Consumer electronics — permissible
- Impure Revenue: 1.9% (some interest from Apple Card — purify dividends accordingly)
Key Takeaways for 2026
- AI remained the dominant theme — NVDA and AVGO benefited directly
- Healthcare innovation paid off — HIMS and TMDX proved small caps can outperform
- Low debt = resilience — All 5 stocks had debt ratios under 25%
- Quarterly revalidation matters — AVGO's debt crept up; always recheck
Frequently Asked Questions
What made these stocks halal in 2025?
All five stocks passed AAOIFI screening: debt ratio under 30%, cash ratio under 30%, and impure revenue under 5%. Their core business activities (tech, healthcare) are permissible under Shariah.
Should I buy these stocks now in 2026?
Past performance doesn't guarantee future results. Always revalidate Shariah compliance (ratios can change quarterly) and do your own fundamental analysis before investing.
How do I purify dividends from these stocks?
Calculate the impure revenue percentage and donate that portion of your dividends to charity. For example, if AAPL has 1.9% impure revenue and you receive $100 in dividends, donate $1.90.
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