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107 articles tagged “India”

Is There an Islamic Bank in Kolkata? West Bengal's Halal Finance Guide (2026)
Article•20 Oct 2026

Is There an Islamic Bank in Kolkata? West Bengal's Halal Finance Guide (2026)

No. No bank in Kolkata or West Bengal is Islamic, because the RBI licenses none. What exists: one interest-free cooperative branch at 25 Bright Street, online halal funds and screeners, and state minority loans that charge 6% to 8% interest.

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HalalWallet Editorial Team
Is Zakat Applicable on Property in India? House, Plot, Rental Flat and Land (2026)
Article•19 Oct 2026

Is Zakat Applicable on Property in India? House, Plot, Rental Flat and Land (2026)

No zakat on the home you live in or a flat you rent out; 2.5% of market value each year on a plot bought to resell; 2.5% on rent still held on your zakat date. The fatwas, worked sums and the 2026 nisab in rupees.

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HalalWallet Editorial Team
Halal Retirement Planning in India (2026): A Corpus Without Riba
Article•6 Oct 2026

Halal Retirement Planning in India (2026): A Corpus Without Riba

How an Indian Muslim builds a retirement corpus without interest: what to do with compulsory EPF, whether to use NPS or PPF, which Shariah funds to hold for decades, and how to draw the money down.

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HalalWallet Editorial Team
Halal Stocks to Invest in India (2026): The Nifty50 Shariah List, Dated
Article•5 Oct 2026

Halal Stocks to Invest in India (2026): The Nifty50 Shariah List, Dated

The only defensible halal stocks list for India is the Nifty50 Shariah constituent set, screened monthly by TASIS. The names and weights from the 30 September 2026 factsheet, the sector tilt, and how to buy them.

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HalalWallet Editorial Team
Islamic Inheritance Calculator India (2026): How Muslim Shares Are Worked Out
Article•4 Oct 2026

Islamic Inheritance Calculator India (2026): How Muslim Shares Are Worked Out

What an Islamic inheritance calculator should output for an Indian Muslim family: the Quranic fixed shares, the 2:1 residuary rule, hajb exclusions and three worked rupee examples, plus the Indian paperwork that follows.

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HalalWallet Editorial Team
Are Post Office Savings Schemes Halal? NSC, KVP, SSY, PPF and RD (2026)
Article•3 Oct 2026

Are Post Office Savings Schemes Halal? NSC, KVP, SSY, PPF and RD (2026)

Every National Savings scheme sold through India Post pays a government-declared interest rate, which makes NSC, KVP, Sukanya Samriddhi, PPF, RD, MIS and SCSS riba contracts. What to use instead.

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HalalWallet Editorial Team
Is Affiliate Marketing Halal? (2026): Amazon, Flipkart and Indian Creators
Article•2 Oct 2026

Is Affiliate Marketing Halal? (2026): Amazon, Flipkart and Indian Creators

Commission for a referral is a permitted ju'alah or wakalah arrangement, provided the product is halal and the promotion is honest. What Amazon Associates India and Flipkart actually pay, which niches fail, and the tax.

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HalalWallet Editorial Team
Is Car Leasing Halal? (2026): Maruti Subscribe, Ayvens and EMI Tested
Article•1 Oct 2026

Is Car Leasing Halal? (2026): Maruti Subscribe, Ayvens and EMI Tested

A car lease can be a halal ijarah if the lessor owns the car, bears ownership risk and charges no interest on arrears. We test Maruti Suzuki Subscribe, Ayvens and Orix against those conditions on their published terms.

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HalalWallet Editorial Team
Halal Bonds in India (2026): Are Bonds Halal, and Does Sukuk Exist for Indians?
Article•30 Sept 2026

Halal Bonds in India (2026): Are Bonds Halal, and Does Sukuk Exist for Indians?

Every mainstream Indian bond, from G-Secs and RBI Floating Rate Bonds to NCDs and 54EC bonds, is an interest contract, and no sukuk is listed for resident retail investors. What sukuk is and what to use instead.

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HalalWallet Editorial Team
Zakat on Mutual Funds, Shares and EPF in India (2026)
Article•29 Sept 2026

Zakat on Mutual Funds, Shares and EPF in India (2026)

How Indian Muslims calculate zakat on mutual fund units, listed shares, EPF balances and PPF maturity, with the two scholarly methods, the nisab test and what IndiaZakat's FAQ actually says.

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HalalWallet Editorial Team
Where to Pay Zakat in India (2026): IndiaZakat vs Zakat Foundation vs Local
Article•28 Sept 2026

Where to Pay Zakat in India (2026): IndiaZakat vs Zakat Foundation vs Local

Three zakat routes in India compared from the organisations' own pages: direct giving, IndiaZakat's zero-commission crowdfunding (about 2% gateway fee, 80G at 50%) and Zakat Foundation of India's trust model.

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HalalWallet Editorial Team
Interest Free Loan for Muslims in India (2026): How to Apply, Step by Step
Article•27 Sept 2026

Interest Free Loan for Muslims in India (2026): How to Apply, Step by Step

No Indian bank offers an interest-free loan; the route is membership of a credit society. How Al-Khair, Janseva and Bait-Un-Nas'r process a loan, the documents they list, and whether any accepts online applications.

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HalalWallet Editorial Team
Islamicly Gold Review (2026): Is This Digital Gold Halal, and What It Costs
Article•26 Sept 2026

Islamicly Gold Review (2026): Is This Digital Gold Halal, and What It Costs

Islamicly Gold sells 24K 999 gold from ₹100, vaulted under a named trustee and certified by Islamicly's scholar board. What the site publishes on custody, SIPs, selling and delivery, what it omits, and how it compares.

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HalalWallet Editorial Team
Is Health Insurance Halal in India? (2026): Necessity, No Takaful and 80D
Article•25 Sept 2026

Is Health Insurance Halal in India? (2026): Necessity, No Takaful and 80D

Commercial health insurance is a conventional contract, India has no takaful alternative, and most scholars allow cover under necessity. Where the line sits, IRDAI's standard products and Section 80D.

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HalalWallet Editorial Team
Is a Credit Card Halal in India? Cards, No-Cost EMI and BNPL (2026)
Article•24 Sept 2026

Is a Credit Card Halal in India? Cards, No-Cost EMI and BNPL (2026)

Whether an Indian Muslim can hold a credit card, what the RBI's 2022 card directions say about the interest-free period, no-cost EMI and minimum dues, and how BNPL and charge cards compare.

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HalalWallet Editorial Team
Halal Investment Bangalore (2026): Zamzam Capital, Taqwa, Yellow and More
Article•23 Sept 2026

Halal Investment Bangalore (2026): Zamzam Capital, Taqwa, Yellow and More

Bengaluru hosts India's only halal research firm with a named Shariah board, an interest-free credit society in Jayanagar and the country's main online will-maker. The city map by need: invest, borrow, buy, will, zakat.

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HalalWallet Editorial Team
Halal ETF in USA for Indian Investors (2026): SPUS, HLAL and Buying Under LRS
Article•22 Sept 2026

Halal ETF in USA for Indian Investors (2026): SPUS, HLAL and Buying Under LRS

SPUS (0.45%), HLAL (0.50%), SPSK and SPRE compared from the issuer pages, then the Indian mechanics: the USD 250,000 LRS limit, 20% TCS above ₹10 lakh, Vested's published fees, and when Shariah BeES is simpler.

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HalalWallet Editorial Team
Is Tata Ethical Fund Halal? (2026): Screening, Certification and Purification
Article•21 Sept 2026

Is Tata Ethical Fund Halal? (2026): Screening, Certification and Purification

Tata Ethical Fund is run as a Shariah-screened equity scheme with published exclusions, but its website does not name the certifying board or publish purification figures. What the fund pages actually show.

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HalalWallet Editorial Team
Halal Gold ETF in India (2026): Which Gold ETFs Pass and Is Tata Gold ETF Halal
Article•20 Sept 2026

Halal Gold ETF in India (2026): Which Gold ETFs Pass and Is Tata Gold ETF Halal

Seven Indian gold ETFs compared on physical backing, the gold deposit scheme clause, cash held in repo, and expense ratio, all from scheme documents. Tata Gold ETF gets a direct answer. No fund is Shariah certified.

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HalalWallet Editorial Team
Islamic Home Loan in India (2026): How to Qualify, Documents and Who Lends
Article•19 Sept 2026

Islamic Home Loan in India (2026): How to Qualify, Documents and Who Lends

No Indian bank offers an Islamic home loan. The routes that exist are society property finance, housing co-operatives, builder construction-linked plans and saving to buy. Who qualifies and what each asks for.

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HalalWallet Editorial Team
Interest Free Business Loan in India (2026): Al-Khair, Janseva, Bait-Un-Nas'r
Article•18 Sept 2026

Interest Free Business Loan in India (2026): Al-Khair, Janseva, Bait-Un-Nas'r

India's only interest-free business finance comes from co-operative societies, and some terms are published: Al-Khair's 8 and 16 to 18 percent service charges, Janseva's SHG model, Bait-Un-Nas'r's micro finance.

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HalalWallet Editorial Team
Halal Tax Saving in India (2026): Section 80C Without PPF, FDs or Insurance
Article•17 Sept 2026

Halal Tax Saving in India (2026): Section 80C Without PPF, FDs or Insurance

Most of the Section 80C menu is interest or insurance. Here is what a salaried Indian Muslim can actually claim, what the new tax regime changes, and when it is cheaper to stop chasing deductions.

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HalalWallet Editorial Team
Tata Ethical Fund vs Nippon India Shariah BeES (2026): Active Fund or ETF?
Article•16 Sept 2026

Tata Ethical Fund vs Nippon India Shariah BeES (2026): Active Fund or ETF?

Tata Ethical Fund (0.61% direct, SIP from ₹100, no demat) against Nippon India Shariah BeES (0.96%, one unit on NSE, no exit load): costs, benchmarks, certification, purification and overlap from the scheme pages.

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HalalWallet Editorial Team
Finispia Review for Indian Investors (2026): Five Methodologies, One Screen
Article•15 Sept 2026

Finispia Review for Indian Investors (2026): Five Methodologies, One Screen

Finispia shows a stock's halal status under Dow Jones, FTSE, S&P, MSCI and AAOIFI rules at once across 90 exchanges, with a free tier. What is free, what is paid, what it lacks for Indian users, and how it compares.

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HalalWallet Editorial Team
Interest Free Loan in Hyderabad (2026): Halal Finance Guide for Telangana
Article•14 Sept 2026

Interest Free Loan in Hyderabad (2026): Halal Finance Guide for Telangana

Where a Hyderabad Muslim actually borrows, invests, banks and gives without interest: the Seva co-operative's four city branches via Sahulat, SenSage and Vivekam for investing, and the honest gaps. Only verified facts.

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HalalWallet Editorial Team
Riba Meaning in Hindi and Urdu (2026): Sood, Byaj and Indian Bank Products
Article•13 Sept 2026

Riba Meaning in Hindi and Urdu (2026): Sood, Byaj and Indian Bank Products

Riba is sood in Urdu and byaj in Hindi: a stipulated excess on money lent or deposited for time. We map savings interest, FDs, EMIs, credit cards, EPF, rent and trade profit to riba or not, using RBI definitions.

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HalalWallet Editorial Team
Is a Gold Loan Halal in India? (2026): Interest, Pledges and the Alternatives
Article•12 Sept 2026

Is a Gold Loan Halal in India? (2026): Interest, Pledges and the Alternatives

A gold loan from Muthoot, Manappuram or a bank is an interest-bearing loan secured by a pledge of jewellery. The pledge is permissible; the interest is not. What lenders publish, and what to do instead.

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HalalWallet Editorial Team
Gifting Assets Before Death in Islam (2026): Hiba vs Will in India
Article•11 Sept 2026

Gifting Assets Before Death in Islam (2026): Hiba vs Will in India

A lifetime gift (hiba) lets an Indian Muslim transfer any share of property to anyone now, where a will is capped at one third. What hiba requires, how it differs from a will and fixed shares, plus tax and registration.

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HalalWallet Editorial Team
Halal Investment Options in India for Salaried Muslims (2026)
Article•10 Sept 2026

Halal Investment Options in India for Salaried Muslims (2026)

A goal-by-goal decision table for salaried Indian Muslims: Shariah mutual funds, the Shariah ETF, screened shares, gold, property and co-operative deposits, with the tax rules that apply to each.

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HalalWallet Editorial Team
Is Intraday Trading Halal? (2026): F&O, Margin and MTF for Indian Muslims
Article•9 Sept 2026

Is Intraday Trading Halal? (2026): F&O, Margin and MTF for Indian Muslims

Intraday on screened stocks with your own cash is contested; futures, options, MTF and short selling are not. The verdict by trading style, with the interest rates Zerodha and Groww publish on MTF.

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HalalWallet Editorial Team
Is Working in Bank Haram? (2026): A Role-by-Role Answer for Indian Muslims
Article•8 Sept 2026

Is Working in Bank Haram? (2026): A Role-by-Role Answer for Indian Muslims

Writing, checking or witnessing an interest contract is prohibited by the hadith every scholar cites. Whether a cashier, IT engineer or guard at an Indian bank falls under it is where the fatwas split. Role by role.

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HalalWallet Editorial Team
Halal Alternatives to Fixed Deposits in India (2026)
Article•7 Sept 2026

Halal Alternatives to Fixed Deposits in India (2026)

What an Indian Muslim can do with a lump sum instead of a bank fixed deposit: current accounts, co-operative society deposits, gold, Shariah funds and the ETF, matched to how long the money can wait.

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HalalWallet Editorial Team
Is Crypto Halal? An Indian Muslim's Guide to the Debate (2026)
Article•20 Aug 2026

Is Crypto Halal? An Indian Muslim's Guide to the Debate (2026)

Indian Muslims trade crypto in large numbers while scholars dispute its status. The arguments on both sides, India's tax rules, and a framework for deciding.

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HalalWallet Editorial Team
Funding Education Without Interest in India (2026): A Practical Guide
Article•20 Aug 2026

Funding Education Without Interest in India (2026): A Practical Guide

Education loans carry interest, and education is the community's biggest investment. How to fund school and college halal: planning, scholarships, zakat and qard.

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HalalWallet Editorial Team
Is PPF Halal? The Public Provident Fund Question for Indian Muslims (2026)
Article•20 Aug 2026

Is PPF Halal? The Public Provident Fund Question for Indian Muslims (2026)

PPF is India's favourite tax-free savings scheme, and its return is government-set interest. What scholars say, what to do with an existing account, and alternatives.

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HalalWallet Editorial Team
How Indian Muslims Buy Homes Without Interest (2026): Every Real Option
Article•20 Aug 2026

How Indian Muslims Buy Homes Without Interest (2026): Every Real Option

India has no Islamic banks and no halal mortgage. Families still buy homes without riba, using strategies that work. Here is each one, with its honest trade-offs.

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HalalWallet Editorial Team
Buying a Car Without Interest in India (2026): The Halal Playbook
Article•20 Aug 2026

Buying a Car Without Interest in India (2026): The Halal Playbook

Car loans are the default in India, and every one of them runs on interest. The real halal paths to car ownership, from cash strategy to societies and instalments.

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HalalWallet Editorial Team
Kerala: Where India's Halal Finance Experiments Actually Happened (2026)
Article•7 Aug 2026

Kerala: Where India's Halal Finance Experiments Actually Happened (2026)

A state-backed Shariah NBFC, India's first certified real estate fund, and one of only two TASIS-verified PMS products: Kerala built all three. The story of India's halal finance laboratory, told from the verified record.

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HalalWallet Editorial Team
The Concentration Problem in Indian Halal Portfolios (2026)
Article•7 Aug 2026

The Concentration Problem in Indian Halal Portfolios (2026)

Screen out the banks and what remains is IT, pharma and consumer stocks. Why every Indian halal portfolio carries the same concentration, what it did to returns in the year to June 2026, and the honest ways to manage it.

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HalalWallet Editorial Team
NRI Halal Investing in India (2026): What the Verified Record Actually Supports
Article•7 Aug 2026

NRI Halal Investing in India (2026): What the Verified Record Actually Supports

Gulf-based NRIs built much of India's halal finance story, but the NRI account architecture is interest-bearing by default. What the verified record supports: the account workarounds, one PMS with documented NRI onboarding, and honest gaps.

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HalalWallet Editorial Team
Current Accounts: The Only Interest-Free Bank Deposit in India (2026)
Article•7 Aug 2026

Current Accounts: The Only Interest-Free Bank Deposit in India (2026)

RBI rules make the current account the one deposit in Indian banking that pays no interest by law. How the rules work, who can open one, and why the famous 'interest waiver instruction' does not exist.

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HalalWallet Editorial Team
Savings Account Interest: What Indian Muslims Actually Do With It (2026)
Article•7 Aug 2026

Savings Account Interest: What Indian Muslims Actually Do With It (2026)

Indian law forces savings accounts to pay interest. The documented practice: keep balances lean, track the interest line, and give it to the poor without intention of reward. The complete purification mechanics.

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HalalWallet Editorial Team
NRI Money and Riba: Halal Cash Options for Non-Resident Indians (2026)
Article•7 Aug 2026

NRI Money and Riba: Halal Cash Options for Non-Resident Indians (2026)

NRE and NRO savings and deposits all pay interest by law. The interest-free option for NRIs is the NRO current account, plus fast routing into screened investments. The honest guide for the Gulf remittance corridor.

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HalalWallet Editorial Team
Moneylenders at 60 to 120 Percent vs Interest-Free Cooperatives: The Comparison That Explains the Sector (2026)
Article•7 Aug 2026

Moneylenders at 60 to 120 Percent vs Interest-Free Cooperatives: The Comparison That Explains the Sector (2026)

Al-Khair documents moneylender rates of 60 to 120 percent a year in the communities it serves. Its own one-time charges run 8 to 18 percent. The comparison that explains why India's interest-free co-ops exist.

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HalalWallet Editorial Team
Janseva Co-operative Credit Society: The Complete Guide (2026)
Article•7 Aug 2026

Janseva Co-operative Credit Society: The Complete Guide (2026)

Janseva's founding resolution commits it to Quran and Sunnah within Indian law. Twelve permitted states, qard-e-hasanah deposits, a debt-rescue-first loan ladder and SHG microfinance. The full guide.

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HalalWallet Editorial Team
Al-Khair vs Bait-Un-Nas'r vs Janseva: Choosing an Interest-Free Society in India (2026)
Article•7 Aug 2026

Al-Khair vs Bait-Un-Nas'r vs Janseva: Choosing an Interest-Free Society in India (2026)

India's three most documented interest-free societies differ where it counts: geography, pricing transparency, product depth and doctrine. The side-by-side comparison, built from their own published terms.

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HalalWallet Editorial Team
Qard Hasan Explained: The Contract Behind India's Interest-Free Finance (2026)
Article•7 Aug 2026

Qard Hasan Explained: The Contract Behind India's Interest-Free Finance (2026)

Qard hasan is a loan repaid exactly as borrowed, with any excess for the lender prohibited as riba. What the contract requires, why it is hard to institutionalise, and how India's cooperatives actually apply it.

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HalalWallet Editorial Team
The True Cost of 'Interest-Free' Loans in India: Service Charges, Annualised (2026)
Article•7 Aug 2026

The True Cost of 'Interest-Free' Loans in India: Service Charges, Annualised (2026)

Interest-free does not mean free. Al-Khair's printed one-time charges of 8 to 18 percent annualise to roughly 16 to 32 percent depending on tenor. The honest arithmetic for every documented product.

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HalalWallet Editorial Team
Is a Service Charge Riba? The Unresolved Debate at the Heart of India's Interest-Free Sector (2026)
Article•7 Aug 2026

Is a Service Charge Riba? The Unresolved Debate at the Heart of India's Interest-Free Sector (2026)

India's interest-free societies charge 8 to 18 percent one-time, or annual-rate charges, on loans they call qard hasan. Cost recovery or riba in function? The debate, both sides, with no false resolution.

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HalalWallet Editorial Team
Compulsory Insurance and Islam in India: What the Fatwas Actually Permit (2026)
Article•7 Aug 2026

Compulsory Insurance and Islam in India: What the Fatwas Actually Permit (2026)

Motor third-party cover is mandatory under the Motor Vehicles Act, and employer health cover arrives with the job. Published fatwas permit compelled insurance. What counts as compelled, and what to do with claims.

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HalalWallet Editorial Team
Are Endowment, Money-Back and ULIP Policies Halal? The Clear Case (2026)
Article•7 Aug 2026

Are Endowment, Money-Back and ULIP Policies Halal? The Clear Case (2026)

Savings-linked insurance fails under every documented scholarly position, including the ones sympathetic to necessity-based term cover. Why the analysis is different, and what to weigh if you already hold one.

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HalalWallet Editorial Team
Islamic Wills in India: The Complete Guide to Wasiyyah Under Muslim Personal Law (2026)
Article•7 Aug 2026

Islamic Wills in India: The Complete Guide to Wasiyyah Under Muslim Personal Law (2026)

Muslim wills in India operate under the Shariat Act 1937: bequests capped at one-third, faraid governing the rest, and almost no formality requirements. The complete guide to making yours valid and enforceable.

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HalalWallet Editorial Team
Muslim Inheritance Without a Will in India: What Actually Happens (2026)
Article•7 Aug 2026

Muslim Inheritance Without a Will in India: What Actually Happens (2026)

When an Indian Muslim dies intestate, faraid distributes the estate by fixed shares, which is Islamic but not painless: no executor, no succession certificate shortcut, and disputes the deceased could have prevented.

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HalalWallet Editorial Team
Zakat Calculation in India: Nisab, Assets and Method (2026 Guide)
Article•7 Aug 2026

Zakat Calculation in India: Nisab, Assets and Method (2026 Guide)

How to calculate zakat in India: setting your lunar due date, measuring nisab against gold and silver prices in rupees, and working through cash, gold, investments and business assets at 2.5 percent.

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HalalWallet Editorial Team
IndiaZakat: The Complete Guide to India's Zakat Crowdfunding Platform (2026)
Article•7 Aug 2026

IndiaZakat: The Complete Guide to India's Zakat Crowdfunding Platform (2026)

Launched April 2020 by the Association of Muslim Professionals, IndiaZakat pairs India's most detailed zakat calculator with dual-screened cause distribution at zero commission. The complete review.

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HalalWallet Editorial Team
Zakat Foundation of India: The Institutional Model, Reviewed (2026)
Article•7 Aug 2026

Zakat Foundation of India: The Institutional Model, Reviewed (2026)

ZFI converts zakat into standing institutions: UPSC coaching with documented results, an orphanage, widow stipends and disaster relief since 2002. The complete review, including the fiqh position donors should understand.

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HalalWallet Editorial Team
Zakat on Gold Jewellery in India: The Question Every Household Faces (2026)
Article•7 Aug 2026

Zakat on Gold Jewellery in India: The Question Every Household Faces (2026)

Indian household wealth lives in gold ornaments, and the Hanafi position most Indian Muslims follow holds jewellery zakatable regardless of use. The rules, the carat mathematics and the school differences, honestly laid out.

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HalalWallet Editorial Team
Zakat vs Income Tax in India: Two Systems, One Wallet (2026)
Article•7 Aug 2026

Zakat vs Income Tax in India: Two Systems, One Wallet (2026)

Income tax does not discharge zakat, zakat is not deductible as zakat, and the two systems measure different things. How Indian Muslims run both obligations, including the 80G deduction that softens the overlap.

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HalalWallet Editorial Team
Shariah PMS and Advisory in India (2026): The Complete Landscape
Article•7 Aug 2026

Shariah PMS and Advisory in India (2026): The Complete Landscape

Five SEBI-registered firms run verified Shariah advisory or portfolio management in India, from Rs 5,000 monthly SIPs to Rs 50 lakh PMS mandates. The complete landscape, including who is certified by whom.

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HalalWallet Editorial Team
Yellow's Custom Will for Indian Muslims: The Complete Review (2026)
Article•7 Aug 2026

Yellow's Custom Will for Indian Muslims: The Complete Review (2026)

Yellow is the only mainstream Indian online will platform documenting Muslim personal law support. What the Custom Will delivers, what it costs, what it lacks, and how to use it for a valid wasiyyah.

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HalalWallet Editorial Team
SenSage Financial Services (2026): India's Halal-Only Adviser, Reviewed
Article•7 Aug 2026

SenSage Financial Services (2026): India's Halal-Only Adviser, Reviewed

A SEBI RIA dedicated 100% to Shariah-compliant advisory, with printed screening thresholds and strategies from Rs 1 lakh. The gap: a Shariah board its pages reference but never name. The full picture.

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HalalWallet Editorial Team
Banking Without Riba in India (2026): The Honest Playbook
Article•7 Aug 2026

Banking Without Riba in India (2026): The Honest Playbook

India licenses no Islamic banks, so avoiding riba takes a deliberate stack: zero-interest current accounts, purification on unavoidable savings interest, and the interest-free cooperative sector. The complete, honest playbook.

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HalalWallet Editorial Team
Are Cooperative Society Deposits Safe? The Honest Answer for India's Interest-Free Sector (2026)
Article•7 Aug 2026

Are Cooperative Society Deposits Safe? The Honest Answer for India's Interest-Free Sector (2026)

No interest-free cooperative society deposit in India carries DICGC insurance. What that means in practice, what protections members actually have, and how to assess a society before depositing.

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HalalWallet Editorial Team
Zoya for Indian Investors (2026): The Honest Second Opinion
Article•7 Aug 2026

Zoya for Indian Investors (2026): The Honest Second Opinion

Zoya explains what AAOIFI screening actually is, admits where scholars disagree, and updates compliance on real reporting cycles. For Indian users it is stocks-only and dollar-billed. Where it fits in an Indian toolkit.

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HalalWallet Editorial Team
The One-Third Wasiyyah Rule: How Indian Courts Enforce the Boundary of Muslim Testamentary Power (2026)
Article•7 Aug 2026

The One-Third Wasiyyah Rule: How Indian Courts Enforce the Boundary of Muslim Testamentary Power (2026)

A Muslim in India may bequeath at most one-third of the net estate, and Indian courts enforce that cap as law. Where the rule comes from, how the consent mechanism works, and what it means for planning.

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HalalWallet Editorial Team
Mumbai's Interest-Free Finance Guide: Bait-Un-Nas'r, Janseva and the City's Halal Money Map (2026)
Article•7 Aug 2026

Mumbai's Interest-Free Finance Guide: Bait-Un-Nas'r, Janseva and the City's Halal Money Map (2026)

Mumbai is the capital of Indian interest-free finance: Bait-Un-Nas'r's nine branches from Mahim to Mumbra, Janseva's Colaba headquarters, and fifty years of institutional history. The city guide.

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HalalWallet Editorial Team
Halal Stock Screening Apps in India (2026): Islamicly vs Musaffa vs Zoya vs Finispia vs IslamicTijarat
Article•7 Aug 2026

Halal Stock Screening Apps in India (2026): Islamicly vs Musaffa vs Zoya vs Finispia vs IslamicTijarat

Rs 169 a month to Rs 9,999 a year, TASIS-aligned to AAOIFI-based, named scholar boards to none at all. The five halal screening apps serving India, compared on the things that actually differ.

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HalalWallet Editorial Team
Is LIC Halal? The Necessity Debate, Documented Honestly (2026)
Article•7 Aug 2026

Is LIC Halal? The Necessity Debate, Documented Honestly (2026)

Published fatwas hold voluntary life insurance impermissible, but some scholars extend necessity reasoning to term cover for breadwinners because India has no takaful. The three positions, labelled by their real weight.

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HalalWallet Editorial Team
Is EPF Interest Halal? The Compulsory vs Voluntary Line, Explained From the Fatwa Literature (2026)
Article•7 Aug 2026

Is EPF Interest Halal? The Compulsory vs Voluntary Line, Explained From the Fatwa Literature (2026)

Deoband and Karachi's darul iftas agree on the decisive variable: whether the contribution was compulsory or chosen. What that means for your EPF, the VPF trap, and how purification actually works.

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HalalWallet Editorial Team
Term Insurance Alternatives for Indian Muslims: The Honest Options (2026)
Article•7 Aug 2026

Term Insurance Alternatives for Indian Muslims: The Honest Options (2026)

There is no halal insurance product in India. The real alternatives are self-insurance through savings, debt clearance, and household structures that reduce dependant risk, plus the contested term cover question, faced honestly.

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HalalWallet Editorial Team
Interest-Free Finance in Bihar and Patna: Al-Khair's Home Turf (2026)
Article•7 Aug 2026

Interest-Free Finance in Bihar and Patna: Al-Khair's Home Turf (2026)

Bihar is where India's interest-free cooperative model runs deepest outside Mumbai: Al-Khair's Patna headquarters and six Bihar branches, doorstep deposit collection, and printed loan prices. The regional guide.

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HalalWallet Editorial Team
How to Write an Islamic Will Without a Lawyer in India (2026)
Article•7 Aug 2026

How to Write an Islamic Will Without a Lawyer in India (2026)

Muslim wills in India need no stamp duty, no attestation formalities and no probate, which makes careful self-drafting legally viable. The step-by-step method, grounded in the documented legal mechanics.

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HalalWallet Editorial Team
Halal Investing in India (2026): The Complete Guide
Article•7 Aug 2026

Halal Investing in India (2026): The Complete Guide

India licenses no Islamic banks, so halal money lives in the capital market. This guide covers every verified option: funds, the Shariah ETF, PMS, smallcases, screening apps and gold, with real numbers.

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HalalWallet Editorial Team
Interest-Free Cooperative Credit Societies Explained: What They Are and What Protections They Lack (2026)
Article•7 Aug 2026

Interest-Free Cooperative Credit Societies Explained: What They Are and What Protections They Lack (2026)

India's only organised interest-free finance lives in cooperative law: members-only societies that pay nothing on deposits and lend against service charges. How the model works, and the protections it does not carry.

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HalalWallet Editorial Team
Halal Smallcases in India (2026): Zamzam Capital vs Green Portfolio
Article•7 Aug 2026

Halal Smallcases in India (2026): Zamzam Capital vs Green Portfolio

Model halal portfolios in your own demat account, below PMS money: two verified providers offer them. Zamzam's named scholar board versus Green Portfolio's administered purification, compared honestly.

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HalalWallet Editorial Team
Is There a Halal Stockbroker in India? (2026)
Article•7 Aug 2026

Is There a Halal Stockbroker in India? (2026)

India's Islamic broking pioneer no longer prints a verifiable SEBI registration, and no certified halal broker exists. Why that matters less than it sounds, and the settings that make any ordinary broker workable.

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HalalWallet Editorial Team
What Makes a Stock Halal for Indian Investors (2026)
Article•7 Aug 2026

What Makes a Stock Halal for Indian Investors (2026)

Business first, ratios second, purification always. The complete framework Indian investors need to judge whether a stock is halal, including the exact thresholds TASIS applies to NSE's Shariah indices.

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HalalWallet Editorial Team
Is Gold a Halal Investment in India? (2026): Physical, Digital, ETFs and the Bond Problem
Article•7 Aug 2026

Is Gold a Halal Investment in India? (2026): Physical, Digital, ETFs and the Bond Problem

Physical gold passes. Sovereign Gold Bonds fail on the RBI's own FAQ. Most gold ETFs are uncertified and some hold derivatives. The complete halal gold map for Indian investors, verified against primary sources.

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HalalWallet Editorial Team
Why India Has No Takaful: The Regulatory Wall Explained (2026)
Article•7 Aug 2026

Why India Has No Takaful: The Regulatory Wall Explained (2026)

IRDAI licenses zero takaful operators, Indian insurance law contains no takaful provisions, and investment regulations mandate interest-bearing assets. Why halal insurance is structurally impossible in India today.

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HalalWallet Editorial Team
The Sahulat Network: The Story of India's Interest-Free Finance Map (2026)
Article•7 Aug 2026

The Sahulat Network: The Story of India's Interest-Free Finance Map (2026)

Sahulat Microfinance Society is not a lender. It is the promoter, standard-setter and mapmaker of India's interest-free cooperative sector: 51 entities, 122 branches, 14 states as of March 2025.

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HalalWallet Editorial Team
Is NPS Halal? An Honest Look at the National Pension System for Muslim Investors (2026)
Article•7 Aug 2026

Is NPS Halal? An Honest Look at the National Pension System for Muslim Investors (2026)

The fatwa logic that permits EPF interest rests on compulsion, and NPS is chosen. Its schemes are not Shariah-screened and carry interest-bearing debt even at maximum equity. The honest analysis, and what to do instead.

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HalalWallet Editorial Team
Al-Khair Co-operative Credit Society: The Complete Guide (2026)
Article•7 Aug 2026

Al-Khair Co-operative Credit Society: The Complete Guide (2026)

Patna's Al-Khair is the most price-transparent interest-free society in India: published membership costs, doorstep deposits, and printed loan charges of 8 to 18 percent one-time. The complete guide with every caveat.

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HalalWallet Editorial Team
Bait-Un-Nas'r: Mumbai's 50-Year Interest-Free Institution, Reviewed (2026)
Article•7 Aug 2026

Bait-Un-Nas'r: Mumbai's 50-Year Interest-Free Institution, Reviewed (2026)

Established October 1976 with INR 11,635, Bait-Un-Nas'r now runs nine branches across Mumbai and Thane with five deposit schemes and five qard hasan loan lines. The complete guide, caveats included.

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HalalWallet Editorial Team
India's Shariah Indices Explained: Nifty50 Shariah, Nifty500 Shariah and BSE 500 Shariah (2026)
Article•7 Aug 2026

India's Shariah Indices Explained: Nifty50 Shariah, Nifty500 Shariah and BSE 500 Shariah (2026)

With no SEBI Shariah framework, India's Shariah indices are the de facto regulatory layer of halal equity investing. Here is how the Nifty50 Shariah, Nifty500 Shariah, Nifty Shariah 25 and BSE 500 Shariah actually work.

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HalalWallet Editorial Team
Why India Has No Islamic Banks: The RBI Story, Told Accurately
Article•7 Aug 2026

Why India Has No Islamic Banks: The RBI Story, Told Accurately

The world's largest Muslim-minority country licenses no Islamic banks. The reason is legal architecture, not theology: the Banking Regulation Act, an RBI examination that ended quietly in 2017, and a capital market that became the default home for halal money.

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HalalWallet Editorial Team
Tata Ethical Fund (2026): India's Oldest Halal Fund, Honestly Reviewed
Article•7 Aug 2026

Tata Ethical Fund (2026): India's Oldest Halal Fund, Honestly Reviewed

Running since May 1996, TASIS-certified, purification published, Rs 100 SIP entry. Tata Ethical Fund is the anchor of Indian halal investing. Here is what the numbers say, including the ones that flatter it less.

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HalalWallet Editorial Team
Taurus Ethical Fund (2026): Good Screens, and a Certification Gap You Should Know About
Article•7 Aug 2026

Taurus Ethical Fund (2026): Good Screens, and a Certification Gap You Should Know About

Taurus Ethical Fund prints exact screening thresholds in its SID and keeps idle cash out of interest-bearing instruments. It also carries the most awkward fact in Indian halal investing: TASIS publicly states it does not certify this fund.

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HalalWallet Editorial Team
Nippon India Shariah BeES (2026): India's Only Shariah ETF, Reviewed
Article•7 Aug 2026

Nippon India Shariah BeES (2026): India's Only Shariah ETF, Reviewed

One ticker gives Indian investors TASIS-screened large-cap exposure with no exit load and single-unit entry. It also gives them 17 stocks, a third of the weight in two IT names, and a Rs 55 crore book. The full picture.

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HalalWallet Editorial Team
Quantum Ethical Fund (2026): Ethical by Mandate, Uncertified by Design
Article•7 Aug 2026

Quantum Ethical Fund (2026): Ethical by Mandate, Uncertified by Design

The first new fund in India's ethical category in 15 years is beating its Shariah benchmark. It also publishes no Shariah board, no advisor and no certificate, and folds Jainism into its screen. Both halves matter.

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HalalWallet Editorial Team
TASIS and Who Certifies Halal in India (2026)
Article•7 Aug 2026

TASIS and Who Certifies Halal in India (2026)

SEBI licenses the advisers and RBI the NBFCs, but nobody licenses the certifiers. Inside TASIS, the Mumbai firm that functions as India's de facto Shariah standards body, and the ledger that lets you verify who is actually certified.

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HalalWallet Editorial Team
Dividend Purification for Indian Investors: The Complete Guide (2026)
Article•7 Aug 2026

Dividend Purification for Indian Investors: The Complete Guide (2026)

Even screened stocks earn slivers of interest, and that sliver reaches you through dividends. How purification actually works in India: the ratios, the calculators TASIS publishes, and what to do with the money.

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HalalWallet Editorial Team
Halal SIP Investing in India (2026): Every Systematic Route, With Real Minimums
Article•7 Aug 2026

Halal SIP Investing in India (2026): Every Systematic Route, With Real Minimums

India runs on SIPs: 94.5 million accounts and counting. The halal corner of that market now has real systematic options from Rs 100 a month. Here is every route, with minimums, costs and certification status.

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HalalWallet Editorial Team
Green Portfolio's Ethical Fund and Smallcase (2026): Zero Fixed Fees, Administered Purification
Article•7 Aug 2026

Green Portfolio's Ethical Fund and Smallcase (2026): Zero Fixed Fees, Administered Purification

A Shariah PMS with performance-only pricing and a retail smallcase with administered purification notifications, both monitored by Islamicly. What Green Portfolio does differently, and what rests on a screening platform rather than named scholars.

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HalalWallet Editorial Team
Zamzam Capital (2026): The Only Named Shariah Board in Indian Retail Investing
Article•7 Aug 2026

Zamzam Capital (2026): The Only Named Shariah Board in Indian Retail Investing

Three named scholars with published bios, a signed halal stocks list, and a 900+ stock screened universe. Zamzam Capital is the governance leader of Indian halal retail investing. Here is what it offers and where it is still young.

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HalalWallet Editorial Team
Geojit Ethical Portfolio PMS (2026): TASIS-Certified Wealth Management, Reviewed
Article•7 Aug 2026

Geojit Ethical Portfolio PMS (2026): TASIS-Certified Wealth Management, Reviewed

A TASIS-certified multicap PMS from an established Kochi brokerage, verifiable on the certifier's own ledger. What Geojit's Ethical Portfolio offers HNI investors, and what its page does not show.

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HalalWallet Editorial Team
Vivekam's Shariah Products (2026): TASIS Certification From Rs 5,000 a Month
Article•7 Aug 2026

Vivekam's Shariah Products (2026): TASIS Certification From Rs 5,000 a Month

The same TASIS universe that costs Rs 50 lakh to access through PMS is available at Vivekam from Rs 50,000 lumpsum or Rs 5,000 a month. The catch: a mixed conventional house and unprinted fees. The full picture.

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HalalWallet Editorial Team
Are Sovereign Gold Bonds Halal? The RBI's Own FAQ Answers the Question (2026)
Article•7 Aug 2026

Are Sovereign Gold Bonds Halal? The RBI's Own FAQ Answers the Question (2026)

The question answers itself once you read the RBI's FAQ: Sovereign Gold Bonds pay 2.50% fixed interest, semi-annually, on a debt security that tracks gold. That is riba, and no purification workaround exists.

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HalalWallet Editorial Team
REITs and the Shariah Question in India (2026): The Framework and the Honest Gaps
Article•7 Aug 2026

REITs and the Shariah Question in India (2026): The Framework and the Honest Gaps

Real estate income is the classic halal asset class, which makes REITs tempting. But no Indian REIT publishes Shariah certification, and the structures carry debt and interest. The framework for judging them honestly.

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HalalWallet Editorial Team
Halal Investing for Beginners in India (2026): Starting With Small Amounts in INR
Article•7 Aug 2026

Halal Investing for Beginners in India (2026): Starting With Small Amounts in INR

You do not need Rs 50 lakh or a scholar on retainer. A beginner can build a certified halal portfolio in India from Rs 100 a month. The step-by-step path, with real minimums and the mistakes to skip.

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HalalWallet Editorial Team
Best Halal Mutual Funds in India (2026): All Three of Them, Plus the ETF
Article•7 Aug 2026

Best Halal Mutual Funds in India (2026): All Three of Them, Plus the ETF

The complete list is four products: Tata Ethical, Taurus Ethical, Quantum Ethical and the Shariah BeES ETF. The comparison Indian investors actually need: certification status, real costs, returns and purification support.

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HalalWallet Editorial Team
Wahed Left India: What Happened, and What Replaced It (2026)
Article•7 Aug 2026

Wahed Left India: What Happened, and What Replaced It (2026)

The world's best-known halal robo-adviser launched in India around 2020 with plans for SEBI-registered advisory. In 2026, its country selector omits India and its Indian paths return errors. What happened, and who fills the gap.

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HalalWallet Editorial Team
Islamicly Review (2026): The Incumbent Halal App for Indian Investors
Article•7 Aug 2026

Islamicly Review (2026): The Incumbent Halal App for Indian Investors

The heaviest scholar board in the category, daily compliance updates with sell-by cutoff dates, and rupee pricing. Also the market's highest annual price and a growing storefront of cross-sold products. The full Islamicly review.

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HalalWallet Editorial Team
Musaffa for Indian Investors (2026): The Value Pick in Halal Screening
Article•7 Aug 2026

Musaffa for Indian Investors (2026): The Value Pick in Halal Screening

Nearly 5,000 Indian stocks screened, graded C- to A+ ratings, named-scholar governance and the lowest paid-plan price among major halal screeners. Musaffa reviewed for the Indian investor specifically.

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HalalWallet Editorial Team
IslamicTijarat Review (2026): TASIS-Supervised Screening at Rs 169 a Month
Article•7 Aug 2026

IslamicTijarat Review (2026): TASIS-Supervised Screening at Rs 169 a Month

The only screening app whose certifier also screens India's official Shariah indices, at the lowest paid price in the market, with free purification and zakat tools. Also a young platform with visible rough edges. Both truths, reviewed.

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HalalWallet Editorial Team
How Many Indian Stocks Are Halal? The 44% Story (2026)
Article•7 Aug 2026

How Many Indian Stocks Are Halal? The 44% Story (2026)

The Shariah-compliant share of BSE-listed stocks rose from 26% in 2021 to 44% in 2025. The data behind India's expanding halal universe, why TASIS counts fewer, and what the growth does and does not mean for investors.

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HalalWallet Editorial Team
Halal ETFs in India (2026): The Complete, Short List
Article•7 Aug 2026

Halal ETFs in India (2026): The Complete, Short List

The entire halal ETF shelf in India: one equity ETF (SHARIABEES) and whichever gold and silver ETFs pass TASIS's published screening. The complete list, the verification steps, and what does not exist.

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HalalWallet Editorial Team
Are Mutual Funds Halal in India? The Framework and the Four That Try (2026)
Article•7 Aug 2026

Are Mutual Funds Halal in India? The Framework and the Four That Try (2026)

The mutual fund structure is not the problem; the holdings are. Why most Indian funds fail Shariah screening, the framework for judging any scheme, and the short list that survives it.

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HalalWallet Editorial Team