2024 List of Shariah-Compliant Stocks at PSE – As of December 25, 2024

2024 List of Shariah-Compliant Stocks at PSE – Categorized for Halal & Ethical Investing (As of December 25, 2024)

Contents:

• Introduction
• Categorized List of Shariah-Compliant Stocks
• Why Categorization Matters for Ethical Traders
• Final Thoughts
• Next Steps

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📖 Introduction

We at Micro Stock Trader continue to monitor the quarterly updates of Shariah-compliant securities issued by the Philippine Stock Exchange (PSE) in partnership with IdealRatings, Inc., following AAOIFI standards. This list serves as a guide for Muslim investors and ethical traders who want to align their portfolios with Islamic principles.

📄 Source: PSE Circular CN-2025-0001, “Updated List of Shariah-Compliant Securities,” issued January 8, 2025, covering the period ending December 25, 2024. Screening conducted by IdealRatings, Inc. and published by the Philippine Stock Exchange (www.pse.com.ph).

This post presents the complete list of 53 Shariah-compliant stocks as of December 25, 2024, as published by the PSE. For the convenience of our readers, we have grouped these stocks into industry-based categories.

🔎 Please note: These categories are not part of the official PSE classification and have been independently organized by Micro Stock Trader for informational and portfolio-building purposes only.

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📊 Categorized List of Shariah-Compliant Stocks (As of December 25, 2024)

Explore our categorized list of 53 Shariah-compliant PSE stocks as of December 25, 2024—grouped by sector for halal investing ease.

1. Consumer, Food & Retail

This category includes companies involved in food production, beverage manufacturing, consumer goods, and retail services. These stocks often reflect household consumption trends and brand-driven demand.

• Axelum Resources Corp. (AXLM)

• Figaro Coffee Group Inc. (FCG)

• Macay Holdings, Inc. (MACAY)

• Monde Nissin Corporation (MONDE)

• Swift Foods, Inc. (SFI)

• Universal Robina Corporation (URC)

• Wilcon Depot, Inc. (WLCON)

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2. Real Estate, REITs & Logistics

This group features property developers, logistics operators, and real estate investment trusts (REITs) that generate income from leasing and infrastructure projects. They offer potential for stable dividends and long-term capital appreciation.

• AyalaLand Logistics Holdings Corp. (ALLHC)

• Citicore Energy REIT Corp. (CREIT)

• DDMP REIT, Inc. (DDMPR)

• D.M. Wenceslao & Associates, Inc. (DMW)

• MREIT, Inc. (MREIT)

• Premiere Island Power REIT Corp. (PREIT)

• RL Commercial REIT, Inc. (RCR)

• Vistamalls, Inc. (STR)

• Philippine Estates Corporation (PHES)

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3. Energy, Mining & Industrial

Companies in this category operate in the extraction and processing of natural resources, power generation, and basic manufacturing. These stocks are often cyclical and sensitive to global commodity prices.

• Century Peak Holdings Corporation (CPM)

• Global Ferronickel Holdings, Inc. (FNI)

• GEOGRACE Resources Philippines, Inc. (GEO)

• Lepanto Mining "A" (LC)

• Lepanto Mining "B" (LCB)

• Nickel Asia Corporation (NIKL)

• OceanaGold (Philippines), Inc. (OGP)

• PXP Energy Corporation (PXP)

• Petron Corporation (PCOR)

• Semirara Mining and Power Corporation (SCC)

• Steniel Manufacturing Corporation (STN)

• Zeus Holdings, Inc. (ZHI)

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4. Infrastructure & Transport

This category includes firms involved in construction, engineering, terminal operations, and logistics services. They typically benefit from economic expansion and public-private partnerships.

• Asian Terminals, Inc. (ATI)

• International Container Terminal Services, Inc. (ICT)

• MacroAsia Corporation (MAC)

• Philippine Infradev Holdings Inc. (INFRA)

• IPM Holdings, Inc. (IPM)

• LBC Express Holdings, Inc. (LBC)

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5. Education & Services

These are education-focused institutions and service companies providing training, learning, or academic-related offerings. They often show steady demand regardless of economic cycles.

• Far Eastern University, Inc. (FEU)

• STI Education Systems Holdings, Inc. (STI)

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6. Investment Holdings & Conglomerates

This broad category consists of parent holding firms and diversified companies that manage portfolios across various sectors. They are usually valued based on asset holdings and strategic ventures.

• AbaCore Capital Holdings, Inc. (ABA)

• Araneta Properties, Inc. (ARA)

• ATN Holdings, Inc. "A" (ATN)

• ATN Holdings, Inc. "B" (ATNB)

• Berjaya Philippines, Inc. (BCOR)

• Ever-Gotesco Resources and Holdings, Inc. (EVER)

• Forum Pacific, Inc. (FPI)

• Golden MV Holdings, Inc. (HVN)

• Metro Alliance Holdings "A" (MAH)

• Metro Alliance Holdings "B" (MAHB)

• MRC Allied, Inc. (MRC)

• NexGen Energy Corp. (XG)

• Prime Media Holdings, Inc. (PRIM)

• Wellex Industries, Inc. (WIN)

• Xurpas Inc. (X)

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7. Travel & Aviation

This niche group features companies engaged in air transportation and travel services. These stocks are often affected by tourism trends, fuel prices, and economic mobility.

• PAL Holdings, Inc. (PAL)

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8. Other Sectors

This catch-all category includes companies that do not neatly fit into the above classifications, such as sugar milling and other diversified industrials. It serves as a space for miscellaneous but still Shariah-compliant firms.

• Victorias Milling Company, Inc. (VMC)

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💡 Why Categorization Matters for Ethical Traders

Ethical investing isn’t just about selecting "clean" stocks—it’s about aligning your values with financial goals while also managing sector risks. This categorized list supports a portfolio diversification strategy that allows investors to stay halal while maximizing potential returns in line with sector trends.

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🧭 Final Thoughts

The growing number of compliant companies across multiple industries signals a maturing Islamic finance ecosystem in the Philippines. Investors who screen for Shariah compliance are no longer limited to one or two sectors—they now have access to food, infrastructure, mining, education, energy, and even aviation.

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🔜 Next Steps

🔹 For Halal-focused investors → Choose sectors and stocks based on personal values and market outlook.

🔹 For long-term ethical portfolios → Consider adding diversified holdings from REITs, mining, and retail.

🔹 For Micro Stock Trader readers → Stay tuned for detailed chart-based reviews of selected Shariah-compliant stocks using our Hybrid 10-Step Trading Strategy.

🚨 Reminder: This list is valid for the quarter ending December 25, 2024. Always consult the PSE for the latest list before making trades.

Mainam Basahin: Batangueñong Trade Mindset Series

Isang koleksyon ng edukasyonal, mindset-based, at strategic posts para sa retail traders na may disiplina sa plano at malasakit sa galaw ng merkado.

Para sa maliit ang puhunan, pero malawak ang pag-iisip — at paninindigang Batangueño.

• Board Lot Warrior: Ang Maliitang Mandirigma ng PSE

• Pera Mo, Pwede Na Sa PSE? – Board Lot Reforms at CMEPA Law Para sa Micro Stock Trader

• From Portfolio Peak to Purposeful Restart: My Micro Stock Trader Commitment

• Bakit “Micro Stock Trader”? – Ang Kwento sa Likod ng Bagong Anyô ng Blog

• Hybrid 10-Step Strategy 5.0 – Long-Term Focus Variant

• 2025 List of Shariah-Compliant Stocks at PSE – As of December 25, 2024

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Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.

Micro Stock Trader Blog | Ang inyong Batangueñong retail stock trader

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Mainam Basahin:

Batangueñong Trade Mindset Series

Isang koleksyon ng edukasyonal, mindset-based, at strategic posts para sa retail traders na may disiplina sa plano at malasakit sa galaw ng merkado.

Para sa maliit ang puhunan, pero malawak ang pag-iisip — at paninindigang Batangueño.

• Board Lot Warrior: Ang Maliitang Mandirigma ng PSE

• Pera Mo, Pwede Na Sa PSE? – Board Lot Reforms at CMEPA Law Para sa Micro Stock Trader

• From Portfolio Peak to Purposeful Restart: My Micro Stock Trader Commitment

• Bakit “Micro Stock Trader”? – Ang Kwento sa Likod ng Bagong Anyô ng Blog

• Hybrid 10-Step Strategy 5.0 – Long-Term Focus Variant

• 2025 List of Shariah-Compliant Stocks at PSE – As of December 25, 2024

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• Stock Price Review: Wilcon Depot Inc. (WLCON) Daily Chart as of June 27, 2025 (Mid-Day) – Buy or Sell Decision Using the Hybrid 10-Step Strategy

• Trade Evaluation: Wilcon Depot Inc. (WLCON) – Layered Accumulation Actions Scored Using the Hybrid 10-Step Strategy (as of Weekly Close June 26, 2025)

• Trade Evaluation: Wilcon Depot Inc. (WLCON) – Layer 3 Entry at ₱8.28 on June 26, 2025 Assessed Using the Hybrid 10-Step Strategy

• Stock Price Review: AbaCore Capital Holdings, Inc. (ABA) Weekly Chart as of June 23, 2025 – Evaluating Tactical Buys and What Comes Next Using the Hybrid 10-Step Strategy

• Stock Price Review: Forum Pacific, Inc. (FPI) Daily, Weekly and Monthly Charts as of June 13, 2025 – Buy or Sell Decision Using the Hybrid 10-Step Strategy – Long-Term Focus Variant

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