Analysis of the Dow Jones Industrial Average companies

Following is an analysis of the 30 companies forming the Dow Jones IndustrialAverage (DJIA), form the Muslim point of view.

Company Symbol/Quote Comments
Alcoa AA  
American Express AXP American Express derives much of its income from interest and therefore would be objected to by most Muslims.
AT&T T  
Boeing BA  
Caterpillar CAT  
Coca-Cola KO  
Citigroup C Citigroup derives much of its income from interest and therefore would be objected to by most Muslims.
Disney DIS  
DuPont DD  
Eastman Kodak EK  
Exxon Mobil XOM  
General Electric GE  
General Motors GM Although General Motors is a motor vehicle manufacturer, it operates a large financing operations to loan customer the money for buying cars. Therefore, it may be objected to by most Muslims.
Hewlett-Packard HPQ  
Home Depot HD  
Honeywell HON  
IBM IBM  
Intel INTC  
International Paper IP  
Johnson & Johnson JNJ  
McDonald's MCD It is best to stay away from food companies, since there is almost always pork components (Burger with Bacon!). Besides, do you really like McDonald's food? I don't!
Merck MRK  
Microsoft MSFT  
3M MMM  
JP Morgan JPM JP Morgan is a financial powerhouse, and thus most of its income comes from interest based investment. This would be objected to by most Muslims.
Philip Morris MO Philip Morris is mainly a tobacco company, which most Muslims would find unacceptable as investment.
Proctor & Gamble PG  
SBC Communications SBC  
United Tech UTX  
Wal-Mart WMT Wal Mart is very diversified, and sells a lot of stuff in its outlets. One visitor pointed out to us that it is a "questionable stock for Muslims to own based on the fact that it sells alcohol and other food products in its wholesale clubs". We need to quantify what percentage do these sales amount to as a total, and whether the Dow Jones Islamic Market rules allow owning such a stock.

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