Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish

Halal Investing in Africa: Top Stocks for Ethical Returns

4 min Read December 10, 2024 at 12:56 AM UTC

Daba finance invest in Africa

The Halal Investment Collection of BRVM stocks, available on the Daba app, offers a unique opportunity to invest in companies that align with Sharia principles.


For values-conscious investors, aligning their portfolios with ethical principles is often as important as financial returns.

In Africa, the demand for investments that adhere to Halal principles—avoiding interest-based finance, alcohol, gambling, pork products, and other prohibited sectors—is growing rapidly. 

The Halal Investment Collection of BRVM stocks, available on the Daba app, offers a unique opportunity to invest in companies that align with these principles while participating in the growth of West Africa’s economy.

Here’s why this matters and how you can start investing today.

Why Halal Investments Matter

Halal investing isn’t just about compliance with ethical or religious values—it’s a powerful tool for promoting socially responsible business practices. 

Companies that align with Halal principles often demonstrate strong corporate governance, sustainable practices, and community-oriented strategies. These factors not only make these businesses attractive to values-conscious investors but also position them for long-term growth.

Globally, the Halal economy is expanding at a remarkable pace. According to the Global Islamic Economy Report, the Halal market is projected to exceed $5 trillion by 2030, driven by rising demand for ethical finance and products. In Africa, this trend is mirrored by the increasing inclusion of Halal principles in financial services, trade, and investments.

By investing in Halal companies, you’re not only supporting ethical business practices but also tapping into a rapidly growing market with immense potential.

The Halal Investment Collection: Ethical Returns Made Simple

Daba’s Halal Investment Collection on the BRVM provides a curated list of companies adhering to ethical and socially responsible principles. These businesses avoid involvement in sectors such as interest-based finance, alcohol, gambling, and pork products, ensuring their operations align with Halal guidelines. It includes companies such as SAPH, SOGB, Sucrivoire, Sode CI, CIEC, Orange, etc.

The collection features some of the most reputable companies in West Africa, including Sucrivoire, TotalEnergies CI, Orange, and Vivo Energy. These businesses operate across diverse industries such as energy, telecommunications, and sustainable agriculture, offering a well-rounded portfolio for investors.

From a financial perspective, the collection has demonstrated exceptional performance, with a 43.15% year-to-date return. This highlights how Halal investments can deliver robust financial growth while aligning with your values.

While this collection focuses on ethical alignment, it’s important to note that we cannot confirm full Shariah compliance for the companies included. However, it provides a valuable benchmark for exploring market trends and understanding the performance of businesses that adhere to similar values, highlighting the potential for ethically conscious investments in West Africa.

Why Halal Investing in Africa is a Strategic Opportunity

Africa’s growing population and expanding economies present significant opportunities for Halal investments. As the demand for ethical products and services increases, businesses adhering to Halal principles are well-positioned to lead the market.

Moreover, Halal investing often reflects sound business practices. Companies included in the Daba Halal Collection are known for their focus on sustainable growth, operational efficiency, and strong stakeholder relationships. These attributes not only contribute to their financial success but also enhance their resilience in volatile markets.

By investing in these companies, you’re supporting businesses that prioritize ethics and sustainability while participating in the economic growth of one of the world’s most dynamic regions.

Align Your Portfolio with Your Values Today

Ethical investing is about more than just financial gains—it’s about making a positive impact and aligning your portfolio with your principles. The Halal Investment Collection on Daba offers a rare opportunity to do both. With its strong year-to-date performance and focus on ethical business practices, this collection is an excellent choice for investors seeking to grow their wealth responsibly.

Getting started with Halal investing is easier than ever with the Daba app. The Halal Investment Collection on the BRVM is carefully designed for retail investors, making it accessible to everyone, regardless of their experience level.

With just a few clicks, you can own shares in companies that align with your values while enjoying strong financial returns. Whether you’re an experienced investor or just beginning your journey, the Daba app provides all the tools and resources you need to make informed decisions.

africa
Africa halal investment guide
Best halal investment options in Africa
daba
Daba halal investment platform
dabafinance
Egypt
Ethical investing in African markets
Ethical investment opportunities in Africa
Faith-based investing in Africa
Halal financial opportunities in Africa
Halal investing app in Africa
Halal investing in Africa
Halal investment collection BRVM
Halal stock collections BRVM
How to invest in BRVM halal collection
How to invest in halal companies
invest in africa
investing in africa
Investing in ethical African companies
Investing in halal stocks in Africa
Islamic investing in West Africa
Nigeria
Profitable halal investments in Africa
Shariah-compliant investments in Africa
South Africa
stocks
Sustainable and halal investments
Top-performing halal investments in Africa

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

Share this post
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved