Halal stocks, on-chain.
Tokenized versions of real US equities — screened twice over: the underlying company against AAOIFI standards, and the token wrapper for backing, leverage and redemption rights.
We are re-reviewing every tokenized stock on this page
A tokenized stock has to clear two separate tests: the underlying company against AAOIFI standards, and the token wrapper — what you actually own when you hold it. We used to answer both with one badge. We now judge them separately, and the financial ratios are computed directly from the company's own filings rather than estimated.
13 of 27 entries have not been through the new method yet and are marked Under review below. Their verdicts may change. We would rather tell you that than show you a result we are no longer confident in.
How we screen tokenized stocks| ASSET | VERDICT | EVIDENCE |
|---|---|---|
 Tesla xStock TSLAX · FA •• | HALALUNDER REVIEWPURIFY ~1.4% | |
 Alphabet xStock GOOGLX · FA •• | HALALUNDER REVIEWPURIFY 1.19% | |
 Meta xStock METAX · FA •• | HALALUNDER REVIEWPURIFY 1.05% | |
 Microsoft xStock MSFTX · FA •• | HALALUNDER REVIEWPURIFY under 5% | |
 TSMC xStock TSMX · FA •• | HALALUNDER REVIEWPURIFY 2.5% | |
 Corning (Ondo Tokenized) GLWON · FA •• | HALALUNDER REVIEWPURIFY 0.24% | |
 Eli Lilly xStock LLYX · FA •• | HALALUNDER REVIEWPURIFY under 5% | |
 Cisco xStock CSCOX · FA •• | HALALUNDER REVIEWPURIFY 1.4% | |
 Tesla (Dinari Tokenized Stock) TSLA · FA •• | HALALPURIFY 1.77% |
Every token is collateralized one-for-one by actual listed shares held with regulated custodians — no synthetic exposure, no embedded leverage.
The underlying company's business activity, interest-bearing debt and cash ratios are checked against the standards of respected Islamic finance bodies.
Where the company earns a small share of impure income, each report estimates the portion to purify — so you know exactly what to donate.
Frequently Asked Questions
What is a tokenized stock?+
A tokenized stock is a blockchain token that tracks the price of a real listed share — for example, Apple xStock (AAPLx) tracks Apple Inc. (AAPL). Reputable issuers back each token 1:1 with actual shares held at regulated custodians, so the token gives on-chain, 24/7 exposure to the stock without a traditional brokerage account.
Are tokenized stocks halal?+
It depends on two things: the underlying company and the token wrapper. The company must pass business-activity and financial-ratio screens (interest-bearing debt and cash levels measured against AAOIFI-style thresholds), and the wrapper must be fully backed 1:1 with no embedded leverage and clear redemption rights. Each tokenized stock on this page is judged individually, with the full evidence shown in its report.
How does ShariaQuant screen a tokenized stock?+
Our AI screens both layers. First the underlying company: core business activity, exposure to haram industries, interest-bearing debt ratio, cash and securities ratio, and the share of impure income. Then the wrapper itself: who issues it, whether it is backed 1:1 by real shares, whether the backing is verifiable, and what legal claim the holder has. The verdict — Halal, Doubtful, or Haram — ships with a detailed report explaining every check.
Do I need to purify returns from tokenized stocks?+
Often yes, in a small amount. Even Shariah-compliant companies typically earn a small share of impure income such as interest, and many tokenized stocks auto-reinvest dividends into the token's value. Each report estimates the impure share (often under 1%) so you can donate that portion of your gains to charity, without expecting religious reward, to keep your returns pure.
Verdicts on this page are not opinions issued by ShariaQuant. Each is the output of a documented screening methodology applied to researched facts, with the evidence behind every ruling shown on the asset's own report. Financial thresholds follow the AAOIFI screening standard. Read the methodology. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.