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  • Top Ten Halal Stocks Listed in Shanghai
    The TYC Finance team has selected the following top ten listed companies from the largest 40 enterprises listed on the Shanghai Stock Exchange as of September 30, 2024. We believe that these companies meet the requirements and philosophy of Islamic finance compliance in terms of business practices, financial health, and social responsibility.
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    Release time:2024-10-08
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    Amid global economic volatility, Chinese assets, particularly those listed on the Shanghai Stock Exchange, have shown significant resilience and growth potential. These stocks have attracted global investors and adhere to Islamic finance principles, providing an ideal choice for Muslim investors seeking stable investments.


    The core principles of Islamic finance include fairness, transparency, and avoiding investment in industries that violate Islamic teachings, such as gambling, alcohol, tobacco, pork products, armaments, and pornography. Additionally, Islamic finance emphasizes that companies should avoid excessive debt and interest income, placing greater emphasis on social responsibility, including environmental protection, charitable causes, and sustainable development.


    The following is a list of companies selected by the TYC Finance team based on Islamic finance business and financial standards, among the top 40 companies by market value listed on the Shanghai Stock Exchange. We believe these companies meet the requirements and philosophy of Islamic finance in terms of business practice, financial health, and social responsibility.



    1. **China Shenhua (601088)**

       China Shenhua is one of China's largest coal production companies, involved in electricity and railway transportation. The company is committed to reducing pollution and improving energy efficiency through technological innovation and has also demonstrated excellence in fulfilling social responsibilities.


    2. **Zijin Mining (601899)**

       Zijin Mining is a leading Chinese metal mining company, favored by investors for its efficient resource development and strict environmental protection standards.


    3. **Beijing-Shanghai High-Speed Railway (601816)**

       The Beijing-Shanghai High-Speed Railway is an essential part of China's high-speed rail network. The company is committed to providing efficient and safe transportation services while promoting the development of green transportation, meeting the requirements of Islamic finance for social responsibility and environmental protection. It also maintains sound financial health and low debt levels.


    4. **Haitian Flavoring (603288)**

       Haitian Flavoring is one of China's largest flavoring product manufacturers, known for its high-quality products and commitment to environmental protection. While maintaining business growth, Haitian Flavoring also focuses on financial stability, avoiding the risks associated with high leverage.


    5. **Shaanxi Coal Industry (601225)**

       Shaanxi Coal Industry focuses on improving production efficiency and safety while reducing environmental impact.


    6. **Haier Smart Home (600690)**

       Haier Smart Home is a leading home appliance manufacturer in China, with products ranging from refrigerators, washing machines, air conditioners, and various other household appliances. The company focuses on innovation and sustainable development, committed to providing energy-saving and environmentally friendly home appliance products.


    7. **State Grid South Rui (600406)**

       State Grid South Rui is a leading company in China's power automation and informatization sector, providing solutions for power systems. The company is dedicated to improving the efficiency and reliability of power systems while promoting the application of clean energy technology, supporting environmental protection, and sustainable development.


    8. **COSCO Shipping Holdings (601919)**

       COSCO Shipping Holdings is one of China's largest container transportation and logistics service providers, showing good financial stability.


    9. **Great Wall Motor (601633)**

       Great Wall Motor is a major Chinese automobile manufacturer, producing various types of vehicles, including SUVs and pickup trucks. The company is committed to the research and development of energy-saving and new energy vehicles, promoting the green transformation of the automotive industry.


    10. **Yili Corporation (600887)**

        Yili Corporation is a leader in China's dairy industry, focusing on product quality and food safety, dedicated to providing consumers with healthy and nutritious products, and is noted by investors for its high-quality products and commitment to social responsibility.


    **Summary**

    These companies listed in Shanghai are not only financially stable but also stand out in terms of social responsibility and environmental protection, meeting the compliance requirements of Islamic finance. Investors should consider factors such as the company's financial condition, market position, growth potential, and social responsibility when choosing these stocks.


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