Muslims around the world celebrate Eid al-Fitr this weekend. Also known as Hari Raya Aidilfitri in Singapore, it marks the end of the fasting month of Ramadan, and is a time of joy and celebration, of visiting relatives and friends. In the spirit of Eid, we look at the top Shariah-compliant stocks in Singapore, as represented by the constituents of the FTSE ST Singapore Shariah Index.
Since it was launched in October 2018, the FTSE ST Singapore Shariah Index tracks Shariah-compliant companies listed on the Singapore Exchange (SGX). These constituents are screened against a clear set of Shariah principles, which means excluding all companies engaging in conventional finance or non-Islamic banking, alcohol, pork-related and non-halal food production, entertainment related to casinos, gambling, and pornography, and those working with tobacco, weapons, arms, and defence manufacturing.
Furthermore, companies are screened on a financial basis wherein their debt is less than 33.33% of total assets and cash and interest-bearing items are less than 33.33% of total assets. Their accounts receivables and cash should also be less than 50% of the total assets whilst total interest and non-compliant activities income should not exceed 5% of total revenue.
Here are the top five constituents of the FTSE ST Singapore Shariah Index, as of 22 February 2026.
#1 Singtel (SGX: Z74)
Singapore Telecommunications Limited, better known as Singtel, is Asia’s leading communications technology group. It boasts 4.5 million mobile customers in Singapore alone. Together with fully owned subsidiary Optus in Australia, and regional associates AIS in Thailand, Airtel in India, Globe in the Philippines, and Telkomsel in Indonesia, they serve over 800 million mobile customers across 20 countries.
As of 22 February 2026, Singtel made up 41.29% of the FTSE ST Singapore Shariah Index. It currently trades at $5.21 per share, with a trailing twelve month Total Revenue of $14.15 billion.
#2 Hongkong Land (SGX: H78)
Hongkong Land is a property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asia, across office, luxury retail, residential and hospitality products. Its portfolio includes flagship mixed-use projects in Hong Kong, Singapore and Shanghai such as Asia Square Tower 1, Marina Bay Financial Centre T1 and T2 and Marina Bay Link Mall, One Raffles Quay, and One Raffles Link & CityLink Mall.
As of 22 February 2026, Hongkong Land made up 12.77% of the FTSE ST Singapore Shariah Index. It currently trades at $8.02 per share, with a trailing twelve month Total Revenue of 1.45 billion USD.
Read Also: 4 SGX-Listed Companies That Could Benefit From China’s Stimulus Package
#3 Seatrium (SGX: 5E2)
Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore and formed by the merger of Sembcorp Marine and Keppel Offshore & Marine in 2023, the Group has over 60 years of track record in the design and construction of offshore platforms, rigs, floaters and specialised vessels, as well as vessel repairs, upgrades and conversions.
As of 22 February 2026, Seatrium made up 5.71% of the FTSE ST Singapore Shariah Index. It currently trades at $2.37 per share, with a trailing twelve month Total Revenue of $11.47 billion.
#4 Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is the first pure-play data centre real estate investment trust listed in Asia. Its strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy. It currently boasts 25 data centres across 10 countries in Asia Pacific and Europe, with $6 billion worth of assets under management.
As of 22 February 2026, Keppel DC REIT made up 5.12% of the FTSE ST Singapore Shariah Index. It currently trades at $2.31 per share, with a trailing twelve month Total Revenue of $441.36 million.
Read Also: How Much Dividends Do Stocks In The STI ETF Pay Out Each Year?
#5 Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust is a real estate investment trust where the principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore. It also focuses on income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets. As of December 2025, its total assets under management was S$8.5 billion.
As of 22 February 2026, Mapletree Industrial Trust made up 4.83% of the FTSE ST Singapore Shariah Index. It currently trades at $2.00 per share, with a trailing twelve month Total Revenue of $681.06 million.
