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Is Johnson & Johnson (JNJ) the Best Halal Dividend Stock to Invest In Now?

Is Johnson & Johnson (JNJ) the Best Halal Dividend Stock to Invest In Now?


Published on 2025-01-23 15:41:27 - MSN
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  • We recently compiled a list of the 10 Best Halal Dividend Stocks To Invest In. In this article, we are going to take a look at where Johnson & Johnson (NYSE:JNJ) stands against the other halal dividend stocks.

The article from MSN Money discusses whether Johnson & Johnson (JNJ) is a suitable halal dividend stock for investment. It highlights that JNJ has a long history of paying dividends, with a current yield of about 3.2%, which is attractive for dividend investors. The company's diversified business in pharmaceuticals, medical devices, and consumer health products provides stability and growth potential. However, the article points out concerns regarding the halal compliance of JNJ, particularly due to its involvement in non-halal sectors like pharmaceuticals that might include non-permissible ingredients or practices. The discussion includes considerations of JNJ's financial health, its consistent dividend increases, and its ethical practices in light of Islamic finance principles, which emphasize avoiding interest (riba), excessive uncertainty (gharar), and investments in prohibited industries. The article concludes by suggesting that while JNJ offers strong financials and a reliable dividend, potential investors should carefully evaluate its compliance with Sharia law before investing.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/is-johnson-johnson-jnj-the-best-halal-dividend-stock-to-invest-in-now/ar-AA1xJV8I ]
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