Halal ETF & Fund Verdicts — SPUS, HLAL, Amana and More

Screening records for the ETFs and mutual funds American Muslims actually ask about — the dedicated halal funds and the conventional index funds they're compared against.

Which etfs & funds are halal?

HalalWallet maintains 11 published, dated halal verdicts for etfs & funds (8 halal · 3 not halal). Each verdict compiles what the recognized screening authorities and scholars say about that ETF or fund — with the underlying screens, sources, and review dates shown in full.

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Passes the screens8

Is Manzil Russell Halal USA Broad Market ETF (MNZL) Halal Is SP Funds Dow Jones Global Sukuk ETF (SPSK) Halal Is SP Funds S&P 500 Sharia ETF (SPUS) Halal Is SP Funds S&P Global REIT Sharia ETF (SPRE) Halal Is SP Funds S&P Global Technology ETF (SPTE) Halal Is SP Funds S&P World ETF (SPWO) Halal Is Wahed Dow Jones Islamic World ETF (UMMA) Halal Is Wahed FTSE USA Shariah ETF (HLAL) Halal

Fails the screens3

Is Invesco QQQ (Nasdaq-100 ETF) Halal Is SPDR S&P 500 ETF (SPY) Halal Is Vanguard S&P 500 ETF (VOO) Halal

How to read these verdicts

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Important: HalalWallet is an educational comparison platform. We do not provide financial, legal, or religious advice.

Product structures and Shariah-compliance oversight vary by provider. Before applying:

Verify halal compliance directly with the provider.
Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
Consult a qualified Islamic finance advisor or scholar for guidance on your individual circumstances.