Data as of 2026-04-11 · NASDAQ 100 + S&P 500
When non-compliant stocks are removed, the index becomes more concentrated on tech leaders. Here's the concrete impact on composition.
67/101
halal stocks
34
excluded
24.0%
top stock weight (halal)
63.0%
top 5 weight (halal)
| # | Ticker | Company | Original weight | Halal weight |
|---|---|---|---|---|
| 1 | NVDA | Nvidia | 13.55% | 23.97% |
| 2 | AAPL | Apple Inc. | 11.31% | 20.01% |
| 3 | AVGO | Broadcom Inc. | 5.20% | 9.20% |
| 4 | TSLA | Tesla, Inc. | 3.87% | 6.85% |
| 5 | ASML | ASML Holding | 1.68% | 2.97% |
| 6 | MU | Micron Technology | 1.40% | 2.48% |
| 7 | AMD | Advanced Micro Devices Inc. | 1.18% | 2.09% |
| 8 | LRCX | Lam Research | 0.97% | 1.72% |
| 9 | CSCO | Cisco | 0.96% | 1.70% |
| 10 | AMAT | Applied Materials | 0.94% | 1.66% |
The halal index is more concentrated than the full index. Top holding weights are amplified because the excluded weight is redistributed proportionally.
Excluded stocks are often in finance, insurance, and entertainment. The halal index is therefore naturally more exposed to tech and healthcare.
With ~57% of original weight retained for NASDAQ and ~52% for S&P, the halal index performance can deviate significantly from the full index.
The S&P 500 Halal (225 stocks) offers more diversification than the NASDAQ 100 Halal (67 stocks). Combining both can reduce concentration risk.