How is an ETF's verdict decided?

By its basket, not its name. We screen the fund's holdings, weight each constituent's verdict by its share of the portfolio, and apply a 5% limit to the weight held in companies we rate not halal. Nothing about the fund's marketing or its label enters the calculation.

Why do so few ETFs come out halal?

The 5% limit applies to the combined weight of holdings rated not halal, and a broad-market fund typically holds far more than that in banks, insurers and other impermissible businesses. Funds built on Shariah indices or narrow sectors are the ones most likely to pass.

What does 'not rated by this method' mean?

One of two things, and the data does not distinguish them: either we cannot see enough of the basket to answer responsibly (less than 95% of its weight, with no breach already visible in what we can see), or the fund is leveraged, inverse or long-short, so a weighted roll-up of its holdings would not describe it. In both cases we decline to publish a verdict rather than publish a weak one.

How can a fund be not halal when you can only see part of its basket?

Because that verdict only moves one way. A fund is rated not halal when the holdings we can see already exceed the 5% limit on their own, and the part we cannot see can only add to that weight, never subtract from it. The reverse does not hold, which is why a fund we can see less than 95% of is never published as halal or doubtful.

Why do the five rulebooks disagree about the same fund?

They are five different standards, each with its own thresholds and denominators, rolled up over the same basket. A fund can pass one and fail another, and both answers are correct. We publish all five rather than picking one.

How current is the data?

Verdicts are recomputed every night. Each fund also carries the date of the basket it was screened against, because a provider's holdings file can itself be months old; we show that date rather than implying the basket is as fresh as the calculation.

Halal ETF Screener

Filter the ETF universe by Shariah verdict, rulebook, where a fund trades, where it is domiciled, coverage, fees and size.

An ETF's verdict is decided by its basket, not its name. Akinda screens every holding as a company, weights each verdict by its share of the portfolio, and applies a 5% limit to the weight held in companies rated not halal.

Status

Any

Rulebook

Akinda fund screen (AAOIFI)

Venue

Any

Domicile

Any

Coverage

Any

Expense ratio

Any

AUM

Any

Issuer

Status filters the rulebook you pick. The Rulebooks tab shows all five side by side.
Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.
Expense ratio excludes funds with no fee listed. AUM compares each fund in its own reporting currency.

Page 1 / 1843678 funds

No.	Fund	Venue	Akinda fund screen	Coverage	Halal	Doubtful	Not halal	Not rated
No.	Fund	Venue	Akinda fund screen	Coverage	Halal	Doubtful	Not halal	Not rated
1	3BA.LSingle holdingLeverage Shares - 3x Boeing	UK	Not rated by this method	100.00%	0.00%	0.00%	100.00%	0.00%
2	2TSE.LSingle holdingLeverage Shares - 2x Tesla	UK	Not rated by this method	100.00%	100.00%	0.00%	0.00%	0.00%
3	TQGD.TOTD Q Global Dividend ETF	Canada	Not halal	82.17%	35.05%	6.10%	41.02%	17.83%
4	CFOD.TOBetaPro S&P/TSX Capped Financials -2x Daily Bear ETF	Canada	Not rated by this method	88.73%	0.00%	0.00%	88.73%	11.27%
5	VOLTTema Electrification ETF	US	Not halal	96.95%	44.32%	12.38%	40.25%	3.05%
6	HAWGHCM Hedged Equity ETF	US	Not halal	97.12%	71.77%	11.69%	13.65%	2.88%
7	SGS.LSingle holdingLeverage Shares - -1x Goldman Sachs	UK	Not rated by this method	100.00%	0.00%	0.00%	100.00%	0.00%
8	PSRF.LInvesco RAFI US Fundamental Value UCITS ETF	UK	Not halal	96.07%	47.85%	8.68%	39.53%	3.93%
9	FTQIFirst Trust Nasdaq BuyWrite Income ETF	US	Not halal	94.89%	69.67%	10.80%	14.42%	5.11%
10	IBOTVanEck Robotics ETF	US	Not rated by this method	60.55%	53.86%	3.83%	2.87%	39.45%
11	PSCEInvesco S&P SmallCap Energy ETF	US	Not halal	99.07%	33.45%	3.43%	62.19%	0.93%
12	ACMGAmerican Century Mid Cap Growth Impact ETF	US	Not halal	93.54%	49.99%	9.96%	33.58%	6.46%
13	STSE.LSingle holdingLeverage Shares - -1x Tesla	UK	Not rated by this method	100.00%	100.00%	0.00%	0.00%	0.00%
14	CVLCCalvert US Large-Cap Core Responsible Index ETF	US	Not halal	97.58%	63.28%	10.45%	23.85%	2.42%
15	CVSMCresAlta Small and Mid-Cap ETF	US	Not halal	91.26%	24.94%	2.62%	63.71%	8.74%
16	RSPHInvesco S&P 500 Equal Weight Health Care ETF	US	Not halal	98.26%	62.19%	1.87%	34.19%	1.74%
17	TLV.TOCI S&P/TSX Composite Low Volatility Index ETF	Canada	Not halal	93.09%	11.48%	0.00%	81.61%	6.91%
18	ACGRAmerican Century ETF Trust - American Century Large Cap Growth ETF	US	Doubtful	99.47%	75.95%	19.43%	4.09%	0.53%
19	FHEQFidelity Hedged Equity ETF	US	Not halal	95.63%	63.20%	10.73%	21.70%	4.37%
20	SXLI.LState Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)	UK	Not halal	96.97%	55.45%	25.89%	15.63%	3.03%

...