The EGX: A Halal Investor's Overview

The Egyptian Exchange (EGX) lists around 220 companies across diverse sectors. For halal investors, here's what you need to know.

Generally Compliant Sectors

• Real Estate & Construction: Many pass screening, but check for conventional mortgage exposure
• Food & Agriculture: Usually straightforward halal businesses
• Healthcare: Generally permissible, check for insurance subsidiaries

Sectors Requiring Careful Screening

• Banking: Conventional banks are not permissible. Look for Islamic banking alternatives.
• Tourism & Entertainment: Mixed — hotels with alcohol revenue may fail the 5% threshold

Tips for EGX Investors

1. Screen every stock individually — sector alone doesn't guarantee compliance
2. Re-screen quarterly as financial ratios change
3. Keep records for Zakat and purification calculations