10 Debt Free Halal Stocks to Invest in Right Now

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 317 

Market Cap as of March 27: $2.904 trillion 

Enterprise Value as of March 27: $2.89 trillion 

Microsoft Corporation (NASDAQ:MSFT) is a leading technology company and a major player in the gaming industry. The business is well-known for its gaming services and Xbox systems. The company finalized the $69 billion acquisition of Activision Blizzard in October 2023 to expand its gaming division and acquire well-known properties such as Diablo, Warcraft, and Call of Duty. Through this deal, the corporation established itself as one of the biggest gaming firms in the world and created new income streams for gaming platforms on PCs, consoles, mobile devices, and the cloud.

Microsoft Corporation (NASDAQ:MSFT) released Black Ops 6 in October 2024, and for the quarter ending December 31, 2024, it was the best-selling game on Xbox and PlayStation. CEO Satya Nadella called this release the “biggest Call of Duty release ever.” Furthermore, more than 4 million players have already embraced the company’s  December 2024 release of Indiana Jones and the Great Circle. The corporation’s main goal is to expand its gaming industry by using cloud gaming and content. Its Cloud Gaming achieved a record of 140 million hours streamed during the second quarter of fiscal 2025, which concluded on December 31, 2024.

Ranked second among the best halal stocks on our list, Microsoft Corporation (NASDAQ:MSFT) continues to strengthen its position in gaming and cloud services. According to the company, the Game Pass subscription service also increased its PC member base by more than 30% and set a new quarterly revenue record. The business intends to increase the number of paying customers on all channels.