Compare 19 Shariah-compliant products from 14 providers available in Assam. Every listing includes Shariah oversight details, ratings, and direct provider links.
Free halal stock screener covering more than 90 stock exchanges, verified live at finispia.com (crawled 2026-08-06). Users search by company name or ticker for a halal/not-halal verdict, and the platform also screens markets, ETFs, REITs, funds, sukuk, indices, IPOs and private equity. Screening draws on five methodologies (Dow Jones, FTSE, S&P, MSCI and AAOIFI). The company positions itself B2C and B2B: white-label screeners, a screening API, financial-terminal integrations (Bloomberg, Capital IQ, FactSet, Refinitiv Eikon), a zakat calculator widget, and Islamic finance courses including a Chartered Islamic Trader designation. Indian investors can use the free screener; there is no India-specific product or INR pricing (crawled finispia.com 2026-08-06).
Best for: Cost-conscious investors who want a free multi-methodology cross-check on a stock's Shariah status
A discretionary PMS strategy from Geojit Financial Services (SEBI Portfolio Manager INP000003203), launched 31 January 2022 and described on the product page as 'carefully curated by Geojit in association with Taqwaa Advisory and Shariah Investment Solutions Private Limited (TASIS)' to help clients 'create wealth in accordance with Shariah laws'. It is an open-ended multicap growth portfolio benchmarked to BSE 500 TRI with the SEBI-mandated PMS minimum of INR 50 lakhs. Screening is two-layered: quantitative metrics (high growth, high ROCE, high cash flow conversion, low leverage) and qualitative checks (corporate governance, promoter track record, promoter share pledges). TASIS's own certified-clients page lists 'Geojit Ethical Portfolio (PMS)' with a 2025 certification year, making this one of the few Indian portfolios whose Shariah certification is verifiable on the certifier's website.
Best for: HNI investors with INR 50 lakh plus who want externally certified Shariah management from an established full-service broker
Green Portfolio's retail Shariah offering: a flexi-cap smallcase model portfolio of 15 to 20 Shariah-compliant stocks under its SEBI Research Analyst registration (INH100008513), executed through the investor's own broker via the smallcase platform. Green Portfolio's homepage ticker showed the 'Green Ethical Portfolio - Shariah Investing Theme' at +28.00% at crawl time (period not stated in crawlable text). Smallcases carry a flat subscription fee regardless of investment amount and start around INR 10,000; the Islamicly co-published playbook printed a minimum of INR 53,069 for this portfolio in December 2025 (the figure moves with constituent prices). Compliance is monitored using Islamicly's screening database with quarterly rebalancing, prompt removal of non-compliant stocks and dividend purification notifications.
Best for: Retail investors who want a professionally rebalanced halal stock basket in their own demat account without PMS ticket sizes
Type
Model portfolio (smallcase)
Min Investment
Approximately INR 53,069 (December 2025 print; moves with constituent prices)
Green Portfolio's Shariah-compliant discretionary PMS (SEBI Portfolio Manager INP000006022), marketed jointly with Islamicly under 'Shariah Certified PMS' branding on a co-branded page (greenportfoliopms.islamicly.com). Minimum investment is the SEBI floor of INR 50 lakhs, with a printed '0% fixed fees and pay only for performance' option. The strategy focuses on under-the-radar manufacturing-oriented companies (average portfolio market cap around INR 12,000 crores per the co-branded page), holds minimal banking and IT exposure by design, and rebalances in coordination with Islamicly's live compliance data. Third-party PMS databases date the fund's inception to 27 June 2024. Custody is segregated: funds sit with a SEBI-mandated custodian in the client's name, never in Green Portfolio's own account.
Best for: HNIs comfortable with small and midcap manufacturing concentration who want performance-only fees on a Shariah mandate
Digital gold offering inside the Islamicly app: buy, sell and hold 24K 999-purity gold from Rs 100, via one-time purchases or daily/weekly/monthly SIPs, with the page stating holdings are backed by physical reserves stored in insured vaults and convertible into physical 24K coins or bars delivered to the customer. Marketing emphasizes live-price transparent pricing with 'no interest, no hidden charges'. A parallel Islamicly Silver product offers 999-purity vaulted silver on the same terms (crawled islamicly.com 2026-08-06).
Best for: Muslim savers who want small-ticket gold accumulation with physical backing and delivery instead of interest-bearing gold bonds
Type
Digital Gold
Min Investment
Rs 100
Vaulted 24K digital gold with physical delivery optionNationwide
Shariah stock screening and halal investing app with deep India coverage, screening NSE/BSE names alongside markets in 175+ countries under an AAOIFI-aligned methodology certified by a named three-scholar board chaired by Dr. Mohamed A. Elgari. India pricing is Rs 999 for 1 month, Rs 2,499 for 3 months or Rs 9,999 for 1 year (selected from the site's own country pricing, crawled 2026-08-06). Features include a free portfolio Shariah report card, compliance-change alerts with sell-by cutoff dates, dividend purification insights, zakat calculator, broker integrations (32+ brokers) and pre-built 'Moons' model portfolios; the platform also cross-sells Shariah digital gold and silver, a Shariah-certified ULIP (IRDAI-regulated) and Shariah PMS/smallcase products for Indian investors (crawled islamicly.com 2026-08-06).
Best for: Indian retail investors who want daily-updated NSE/BSE Shariah compliance status, alerts and purification math over their existing broker account
Type
Stock Screener
Halal stock screening and compliance-tracking appNationwide
Mumbai-based halal investing platform (Shop No.2, Pearl Oasis Apartment, Pathanwadi, Malad East, Mumbai 400097) offering India-focused Shariah screening: a stock screener, IPO screener, gold/silver ETF screener and mutual fund screener, with Android and iOS apps. Pricing at crawl: Basic free (1 watchlist of 20 stocks, zakat calculator, IPO screener, purification calculator); Premium Rs 169/month (10 watchlists of 50 stocks, stock screener, ITG Shariah Rating, portfolio tracker, stock overview); Premium Pro marked coming soon. Its screening is provided and supervised by TASIS, India's main Shariah advisory institution, whose board members are profiled on the site (crawled islamictijarat.com 2026-08-06).
Best for: Indian investors who want TASIS-aligned screening of NSE/BSE stocks, IPOs, ETFs and mutual funds at the lowest price in the market
Halal investment research platform whose own pricing page lists India as 'Available Now' for the Musaffa Global Halal Investing Platform. India market coverage at crawl: 4,854 stocks screened with 1,961 rated halal, or 39.95% of Indian market cap classified halal, within a global universe of 120,000+ stocks and 8,200+ ETFs across 150+ research markets. Free tier gives unlimited halal/doubtful/not-halal status; the paid Foundation plan ($7.50/month or $72/year) unlocks detailed AAOIFI compliance reports, C- to A+ halal ratings, three-year compliance history, MISRI ethical scores, watchlists, broker-linked portfolio tracking, and purification and zakat calculators (crawled musaffa.com/pricing 2026-08-06).
Best for: Indian investors who want graded AAOIFI screening of NSE/BSE stocks at the lowest paid-plan price among major halal screeners
India's only Shariah equity ETF, listed on NSE under symbol SHARIABEES since 18 March 2009 (formerly Nippon India ETF Shariah BeES). An open-ended index ETF that passively tracks the Nifty50 Shariah TRI by holding index constituents in index proportions. Base expense ratio 0.82%, fund size Rs 55.34 crore month-end, tracking error 0.09% (36-month), all per the fund-wise factsheet with details as on June 30, 2026. Buy from 1 unit through any demat account; NAV Rs 474.03 as on 06 Aug 2026; entry load not applicable, exit load nil; creation unit size 10,000 units for direct transactions with the AMC (crawled mf.nipponindiaim.com 2026-08-06).
Best for: Demat-account investors who want one-trade, low-ticket exposure to TASIS-screened Nifty 50 large caps
Type
ETF
Expense Ratio
0.82% base expense ratio (factsheet, details as on June 30, 2026)
Min Investment
1 unit on NSE (about Rs 474 at 06 Aug 2026 NAV); creation unit 10,000 units directly with the AMC
India's newest ethical/Shariah-linked equity fund, an open-ended equity scheme following an Ethical Theme launched 20 December 2024 and benchmarked to Nifty 500 Shariah TRI. Asset size Rs 110.94 crore as on 30/06/2026; expense ratio shown on the fund page as 0.64% base and 0.87% total TER; NAV Rs 10.33 per unit as on 06/08/2026; minimum Rs 500 lumpsum or Rs 100 daily SIP. The published investment funnel starts from a 750+ stock addressable universe, applies ethical screening to about 350 names (companies in the Shariah Compliant Universe, Jainism-aligned and similar ethical frameworks), then Quantum's proprietary integrity score narrows to a 30-50 stock portfolio managed by CIO Chirag Mehta (crawled quantumamc.com 2026-08-06).
Best for: Values-driven investors comfortable with an ethical (not scholar-certified) process that overlaps heavily with the Shariah universe
Type
Mutual Fund
Expense Ratio
0.64% base / 0.87% total TER as shown on the fund page (plans have different expense structures), crawled 2026-08-06
The flagship growth strategy of SenSage Financial Services, the Hyderabad advisory that describes itself as India's first SEBI-registered investment adviser dedicated 100% to Shariah-compliant products (SEBI RIA INA200000027, valid Aug 2013 to perpetual). Shariah Compounder invests across the large, mid and small cap universe in stocks screened for Shariah compliance under the RIA's proprietary framework for growth companies, with a minimum investment of INR 3,00,000, a 3 to 5 year recommended horizon and an aggressive risk label. Illustrative holdings printed on the page include UltraTech Cement, Hindustan Unilever, Maruti Suzuki, Dr Reddy's Laboratories and Divi's Laboratories. The page states plainly that purging of impure income (interest income) must be done by investors individually.
Best for: Aggressive investors with INR 3 lakh plus who want a dedicated halal-only adviser rather than a Shariah side-shelf at a conventional firm
A diversified portfolio of Shariah-compliant exchange-traded funds selected by SenSage, mixing large-cap equity ETFs and commodity ETFs judged likely to benefit from India's economic growth. Minimum investment INR 1,00,000, recommended horizon 3 to 5 years, risk appetite labelled Moderate. This is the lowest entry point on SenSage's shelf and one of very few ETF-based halal strategies marketed in India, where the listed Shariah ETF universe is thin (the firm's own About page names Nifty Shariah ETF and Gold ETF among instruments it recommends). Purging of impure income is left to investors individually.
Best for: Hands-off investors with INR 1 lakh who want diversified halal exposure through ETFs instead of single-stock portfolios
SenSage's large-cap Shariah strategy: a portfolio of large-cap universe stocks judged most likely to benefit from India's economic growth, screened for Shariah compliance under the RIA's proprietary framework. Minimum investment INR 3,00,000, recommended horizon 3 to 5 years, risk appetite labelled Moderate Aggressive. Illustrative holdings printed on the page include Pidilite Industries, Havells India, GAIL (India), Siemens and Ambuja Cements. As with all SenSage strategies, the page states that purging of impure income (interest income) needs to be done by investors individually.
Best for: Investors who want lower-volatility large-cap halal exposure from a dedicated Shariah adviser with INR 3 lakh to commit
India's oldest Shariah-compliant equity mutual fund, running since 24 May 1996. An open-ended equity scheme following Shariah principles, it invests only in listed Shariah-compliant equities and explicitly excludes preference shares, options, futures, other derivatives and conventional money market instruments, with no leverage and no short selling. Fund size is Rs 3,925.70 crore (as on 05 Aug 2026), the direct-plan expense ratio is 0.61% and the regular plan 1.63% (as on 30 Jun 2026), benchmark is Nifty 500 Shariah TRI, and entry starts at Rs 100 SIP or Rs 5,000 lumpsum. Exit load is 0.50% within 90 days (crawled tatamutualfund.com 2026-08-06).
Best for: Investors who want India's longest-running Shariah equity fund with a Rs 100 SIP entry and published purification notices
Type
Mutual Fund
Expense Ratio
0.61% (direct) / 1.63% (regular), as on 30 Jun 2026
Open-ended equity scheme following Shariah and other ethical principles, allotted 6 April 2009 (direct plan 1 January 2013), benchmarked to BSE 500 Shariah TRI. Month-end AUM Rs 402.37 crore with base expense ratios of 2.10% (regular) and 0.86% (direct); minimum application Rs 500; entry load nil, exit load 1% within 365 days. The SID mandates business screens (alcohol, gambling, tobacco, vulgar entertainment, film exhibition and production, media broadcasting, conventional financial services, narcotics, meat, poultry and leather) plus financial screens in line with BSE 500 Shariah criteria, and surplus cash is kept in current accounts rather than interest-bearing instruments (crawled taurusmutualfund.com 2026-08-06; fund page reports returns as on 30 Jun 2026).
Best for: Investors who want a second active Shariah-screened option benchmarked to the BSE 500 Shariah universe and accept weaker certification transparency
Type
Mutual Fund
Expense Ratio
0.86% (direct) / 2.10% (regular) base expense ratio, per fund page crawled 2026-08-06
The monthly SIP variant of Vivekam's Islamic product line: Shariah SMILES applies the same TASIS (Mumbai) approved stock universe as Shariah - Growth but through disciplined monthly investing with a minimum of INR 5,000 per month, the lowest recurring entry point to certified halal equity in India that this sweep found. It mirrors Vivekam's popular SMILES - Growth product in mechanics while restricting the universe to Shariah-compliant names, and sits under the firm's SEBI RIA registration INA200000316 with TASIS certification year 2025 on the certifier's own site.
Best for: Salaried savers who want to build certified halal equity holdings from INR 5,000 a month
The lumpsum variant of Vivekam Financial Services' Islamic product line (SEBI RIA INA200000316, PMS registration INP000009481, BASL 1288, Hyderabad, established 2010). Shariah - Growth builds growth-stock portfolios exclusively from stocks approved by TASIS (Mumbai), with a minimum investment of INR 50,000, the lowest lumpsum entry in this cluster. Like Vivekam's other lumpsum products, investment is split into four tranches to avoid buying at highs. Vivekam appears on TASIS's own certified-clients page with a 2025 certification year, closing the verification loop between adviser and certifier.
Best for: Investors starting with INR 50,000 who want TASIS-certified screening at a fraction of PMS ticket sizes
Long-term Shariah-compliant model portfolios from Zamzam Capital, a SEBI-registered Research Analyst firm (INH000016199, BSE enlistment 6158) that works exclusively on Shariah-compliant equity research. Portfolios are delivered through the smallcase platform (zamzamcapital.smallcase.com) for a flat subscription fee, with SIP facility and regular rebalancing, and are built from the firm's proprietary 3-stage screening universe: 1,800+ NSE stocks above INR 500 crore market cap screened, of which 900+ pass as halal, refreshed every six months plus mainboard IPO updates. The firm reports INR 10 crore plus in assets managed through its portfolios and a 20,000+ investor community. Founder Saif Ahmed's career spans Merrill Lynch and J.P. Morgan investment banking, senior Islamic banking roles at Kuwait Finance House, and founding India's first Shariah-compliant licensed chit fund company.
Best for: Retail investors who want named-scholar governance behind a halal stock basket with SIP discipline
Type
Model portfolios (smallcase)
Min Investment
Varies by portfolio; app-gated (flat subscription fee model)
Shariah compliance screening app whose own FAQ lists India among covered markets ('major exchanges in the US, UK, Canada, Australia, Germany, India, Japan, Poland, Taiwan, and OTC markets'). Zoya provides AAOIFI-based compliance status on 40,000+ stocks, ETFs and mutual funds, with the dataset refreshed daily and compliance reports updated on each company's financial reporting cycle. The free tier covers compliance status; Zoya Pro (app-store pricing $14.99/month or $119.99/year per Zoya's help center, verified 2026-08-05 in our US crawl) unlocks full ratio-level reports and multiple index rulebooks (S&P, MSCI, Dow Jones, FTSE). Its brokerage integration (Alpaca) is a US-market service, so Indian users get the research and screening layer (crawled zoya.finance 2026-08-06).
Best for: Indian investors who want a clean, honest AAOIFI screening app that flags scholarly gray areas instead of forcing binary labels
Halal investing is the genuine strength of the Indian market: SEBI-regulated funds, an ETF, PMS, and world-class screening apps. Four checks protect your return.
1
Who Certifies the Screening
India has no regulator-mandated Shariah governance, so certification is voluntary and reputational. TASIS is the de facto standards body: it screens the NSE's Shariah indices, certifies Tata Ethical Fund, and publishes both its certified-client ledger and explicit disclaimers of funds it does not certify.
2
Direct Plans and Real Expense Ratios
Fee gaps are large: Tata Ethical direct plan runs 0.61% against 1.63% regular; the Shariah BeES ETF costs 0.82% with no loads (fund pages, crawled August 2026). Always compare the direct-plan TER and exit loads, not the marketing page.
3
Minimums by Tier
Funds start at Rs 100 SIP (Tata Ethical) and Rs 500 (Taurus, Quantum). Smallcases and advisory portfolios run from tens of thousands. SEBI PMS products carry the regulatory INR 50 lakh floor. Pick the tier that fits, not the one with the best story.
4
Purification Is Your Job Too
Even compliant stocks generate a small impermissible income fraction. TASIS publishes purging calculators for the funds it certifies, and the screening apps calculate per-stock purification. Budget for it; it is part of investing halal.
Shariah Oversight in Assam
How providers available in Assam handle Shariah compliance verification
2 providers
Formal Shariah Board
Independent panel of scholars that reviews and approves products
7 providers
Third-Party Certified
Compliance verified by an external Shariah certification body
2 providers
Named Scholar
Specific scholar(s) provide oversight and endorsement
3 providers
No Public Review
No formal Shariah board or fatwa published publicly
Frequently Asked Questions
Common questions about halal investing in Assam
What makes an investment halal?
The business must be permissible (no alcohol, gambling, conventional finance) and the company's financial ratios must pass screening limits on interest-bearing debt and interest income. India's de facto standard is TASIS, the Mumbai Shariah advisory that screens the NSE's Shariah indices; its thresholds are stricter than AAOIFI's: debt at most 25% of assets, interest income at most 2.5% of income, and receivables plus cash at most 90% of assets.
Can I invest in halal funds from Assam?
Yes. Halal investing is the genuine strength of the Indian market, and it is all digital: the 19 products we list from 14 providers are accessible from Assam through fund platforms, demat accounts, and app onboarding regardless of where the manager's offices sit.
What are the fund options?
Three Shariah/ethical mutual funds operate: Tata Ethical Fund (TASIS-certified, SIP from Rs 100), Taurus Ethical Fund (benchmarked to the BSE 500 Shariah index, minimum Rs 500), and Quantum Ethical Fund (minimum Rs 500). One ETF, Nippon India ETF Nifty 50 Shariah BeES, trades on the NSE from one unit at a 0.82% base expense ratio (figures from fund pages, crawled August 2026).
How do I invest in individual stocks halal?
Screen before you buy. TASIS's screening universe counted 1,908 Shariah-compliant companies out of 5,908 listed (as printed at our August 2026 crawl), and subscription apps like Islamicly, Musaffa, Zoya, Finispia, and IslamicTijarat give per-stock compliance status and purification calculations for Indian exchanges. Dividends from compliant stocks still need purification of the impermissible income fraction.
What about PMS and advisory portfolios?
SEBI-registered options exist at two tiers: PMS products (Geojit Ethical Portfolio, Green Portfolio's Shariah PMS) require the SEBI minimum of INR 50 lakhs, while advisory models and smallcases (SenSage from INR 1-3 lakhs, Vivekam from INR 50,000, Zamzam Capital and Green Portfolio smallcases) start far lower. Check each adviser's SEBI registration and who certifies the Shariah screening.
What should I check before choosing?
Who certifies the Shariah compliance (TASIS publishes its certified-client ledger; it also publicly disclaims funds it does not certify), the total expense ratio from the fund page (direct plans are far cheaper: Tata Ethical direct 0.61% vs regular 1.63%), exit loads, and whether the provider publishes its screening methodology. India has no regulator-mandated Shariah governance, so published evidence is everything.
How to Choose the Right Option in Assam
A step-by-step guide to evaluating halal investing providers
1
Verify Shariah governance
Check whether the provider names its Shariah advisors or certifying body (TASIS certification, an in-house scholar panel, or a published screening methodology). India has no statutory Shariah governance regime, so named scholars and published rulings are the strongest signals.
2
Compare financing structures
Understand whether the product uses Diminishing Musharakah, Murabaha, Ijarah, Mudarabah, or Wakalah. Each has different risk, ownership, and cost implications, especially for early settlement.
3
Check branch and city coverage
Some products are offered nationwide through large branch networks or digital apps; others are limited to specific cities. Confirm the provider serves your city before applying.
4
Evaluate total cost
Look past the headline rate. For financing, ask for the full KIBOR-linked pricing, processing fees, Takaful cost, and documentation charges. For deposits, compare declared rates and weightages, not marketing tiers.
5
Read the fine print on rates
Deposit profit rates are declared after each month from actual pool results, and financing rates reprice with KIBOR. Ask for the declared-rate history and the repricing frequency in writing.
6
Consult a qualified advisor
For major decisions, speak with the bank's Shariah compliance department and, where the sums are large, an independent Islamic finance advisor who understands your situation.
Halal Finance Score
Are your investments Shariah-screened? Check all 7 categories.
Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-03-06•Disclosure: No provider pays for placement or ranking on this page. Editorial policy and full disclosures.
Reviewed monthly and updated when regional availability, provider coverage, or product details change.
How We Review Investing in Assam
We prioritize data accuracy, transparency, and Shariah-related disclosures. Product availability and details are sourced from provider materials and our structured product dataset. We do not fabricate statistics, reviews, or financial projections.
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
