10 Debt Free Halal Stocks to Invest in Right Now

7. Berkshire Hathaway Inc. (NYSE:BRK-A)

Number of Hedge Fund Holders: 131 

Market Cap as of March 27: $1.41 trillion

Enterprise Value as of March 27: $933.47 billion

Berkshire Hathaway Inc. (NYSE:BRK-A) is a diversified global conglomerate holding corporation focused mostly on the insurance industry. It allocates the money it makes from insurance operations to a wide variety of companies, stock holdings, and securities across multiple industries.

While maintaining a Buy recommendation on the company, UBS analyst Brian Meredith increased Berkshire Hathaway Inc. (NYSE:BRK-A)’s price target from $796,021 to $803,444 on January 24. The shift occurs as UBS incorporates the expected effects of the Los Angeles fires into their forecasts. An insured loss of $1 billion is anticipated for the company’s reinsurance division, while a less substantial impact of $150 million is anticipated for the company’s core insurance business. The 2026 earnings per share estimate for the corporation is expected to rise somewhat, according to Meredith’s forecast.

Berkshire Hathaway Inc. (NYSE:BRK-A)’s insurance businesses were primarily responsible for the notable increase in Q4 2024 earnings announced by the business, while cash holdings reached a new high. The company’s operating profit for the quarter increased by 71% to $14.53 billion. Insurance underwriting profits increased by 302% to $3.41 billion, and insurance investment income increased by around 50% to $4.09 billion, which drove this gain. The stock is placed seventh among the best halal stocks.