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Looking to explore ethical investment opportunities in Finland? Halal stocks provide Muslim investors with a unique chance to grow their wealth while staying true to Islamic principles.
In this article, we’ll uncover the evolving market of Sharia-compliant investments in Finland, offering practical insights on how to navigate this niche while building a profitable and values-driven portfolio. Whether you’re a seasoned investor or just starting out, you’ll discover key opportunities to balance financial growth with your faith.
List of 20 Halal Stocks in Finland by Market Cap
| Company Name | Ticker | Market Cap | Shariah-Compliance Status | Halal Ranking |
| Kone Oyj | KNEBV.HE | € 22.16B | Halal | ★ ★ ★ ★ ★ |
| Neste Oyj | NESTE.HE | € 19.12B | Halal | ★ ★ ★ ☆ ☆ |
| UPM-Kymmene Oyj | UPM.HE | € 15.82B | Halal | ★ ★ ★ ☆ ☆ |
| Metso Outotec Corp | MOCORP.HE | € 8.33B | Halal | ★ ★ ★ ☆ ☆ |
| Wartsila Oyj Abp | WRT1V.HE | € 8.31B | Halal | ★ ★ ★ ☆ ☆ |
| Metso Oyj | METSO.HE | € 8.29B | Halal | ★ ★ ★ ☆ ☆ |
| Elisa Oyj | ELISA.HE | € 6.80B | Halal | ★ ★ ★ ☆ ☆ |
| Orion Oyj | ORNBV.HE | € 5.01B | Halal | ★ ★ ★ ★ ★ |
| Cargotec Corp | CGCBV.HE | € 3.95B | Halal | ★ ★ ☆ ☆ ☆ |
| Metsa Board Oyj | METSB.HE | € 2.39B | Halal | ★ ★ ☆ ☆ ☆ |
| Uponor Oyj | UPONOR.HE | € 2.06B | Halal | ★ ★ ★ ★ ☆ |
| Qt Group Oyj | QTCOM.HE | € 1.94B | Halal | ★ ★ ★ ★ ★ |
| Outokumpu Oyj | OUT1V.HE | € 1.73B | Halal | ★ ☆ ☆ ☆ ☆ |
| Kempower Oyj | KEMPOWR.HE | € 1.38B | Halal | ★ ★ ★ ☆ ☆ |
| Vaisala Oyj | AIAS.HE | € 1.31B | Halal | ★ ★ ★ ★ ☆ |
| Musti Group Oyj | MUSTI.HE | € 858.92M | Halal | ★ ★ ☆ ☆ ☆ |
| WithSecure Oyj | FSC1V.HE | € 876.16M | Halal | ★ ★ ★ ☆ ☆ |
| Puuilo Oyj | PUUILO.HE | € 746.89M | Halal | ★ ★ ★ ☆ ☆ |
| Revenio Group Oyj | REG1V.HE | € 690.65M | Halal | ★ ★ ★ ★ ★ |
| Ponsse Oyj | PON1V.HE | € 653.79M | Halal | ★ ★ ★ ☆ ☆ |
Addressing Financial Exclusion for Muslims in Finland Through Islamic Finance
The growing Muslim population in Finland faces unique financial challenges, especially in homeownership, due to their religious beliefs. Many Muslims avoid conventional mortgages because they involve riba (interest), which is strictly prohibited in Islam, leaving them with limited options to buy property.
This religious restriction leads to financial exclusion, as the lack of Islamic finance alternatives in Finland prevents Muslims from accessing interest-free loans or Sharia-compliant products. As a result, many are unable to participate fully in the housing market, affecting their long-term financial stability.
The introduction of Islamic finance in Finland could offer solutions that align with Muslim beliefs, providing interest-free mortgages and alternative financial products. This would not only support the Muslim community but also open up new opportunities for the Finnish financial sector to cater to a growing market.
Source: University of Helsinki
Summary
Halal stocks in Finland provide Muslim investors with opportunities to grow their wealth while adhering to Islamic principles. A list of 20 Sharia-compliant companies by market cap highlights key investment options.
Sharia-compliant investments offer a balanced approach for those seeking both financial growth and alignment with their values. These opportunities continue to evolve, providing practical insights for seasoned investors and beginners alike.
Disclaimer: The content is for informational purposes only and does not constitute financial advice. It is important to conduct your own research or consult with a financial or investment advisor. All logos or brands are referenced for identification purposes only and do not constitute an endorsement of any kind. This information is accurate as of the date of publication and may not reflect recent changes. Access our comprehensive legal disclaimers at musaffa.com/disclaimer.
