Which halal ETF has performed best over the past year?

As of 2026-10-26, SPTE (undefined) has the highest one-year total return among the Shariah-screened ETFs available to Canadian investors, at +32.24% in USD. Over three years the leader on an annualized basis is SPUS at +26.86% per year. These are total returns with distributions reinvested, in each fund's listing currency, and they compare funds with different mandates: a sukuk fund is not meant to keep pace with a technology fund. Rank funds of the same focus against each other, and treat past performance as a record, not a forecast.

Which halal ETF pays the highest yield?

SPSK (undefined) has the highest trailing twelve-month distribution yield at 4.52%, computed from its last 11 distributions divided by the 2026-10-26 price. Sukuk and dividend-equity funds will always sit at the top of this column; growth-oriented equity funds distribute little. Whatever the fund, a portion of its income needs purification; each issuer publishes the ratio.

Which halal ETF has the lowest expense ratio?

Among Shariah-screened ETFs available to Canadian investors in our directory, MNZL (undefined) currently has the lowest published expense ratio at 0.40%. Expense ratio is one input; also compare the screening index, holdings count, AUM, live returns, and Shariah oversight before choosing.

Which halal ETF is the largest by assets?

SPUS (undefined) is the largest at $3.39B (2026-10-07). Larger funds usually have tighter bid-ask spreads and lower closure risk, which matters for long-term holders.

Where do the return and yield numbers come from?

Returns are computed from the dividend-adjusted daily close series on the Yahoo Finance chart feed, dividend-adjusted closes, refreshed every six hours, so they are total returns with distributions reinvested on the ex-date. YTD and one-year figures are cumulative; three- and five-year figures are annualized. A window that starts before the fund's first trading day is shown as "Listed" with the month, never estimated or backfilled. Trailing yield is the sum of cash distributions in the last 365 days divided by the latest price. Fee, AUM, holdings, screening, and oversight come from each issuer's own published materials and carry a verification date.

SPUS vs HLAL: what is the actual difference?

Both are U.S. large-cap Shariah-screened ETFs. SPUS tracks the S&P 500 Shariah Industry Exclusions index (S&P's screening thresholds) at a 0.45% expense ratio; HLAL tracks the FTSE USA Shariah index (FTSE's thresholds) at 0.50%. The index providers use different debt and impure-income limits, so holdings overlap heavily but not completely. Our SPUS vs HLAL guide walks through the screening differences.

WSHR vs the U.S.-listed halal ETFs: how should a Canadian compare them?

WSHR (Wealthsimple Shariah World Equity Index ETF) trades on Cboe Canada in Canadian dollars, so its returns here are in CAD and it can be bought in a CAD account with no currency conversion. SPUS, HLAL, MNZL, and the others trade on U.S. exchanges in USD; their returns here are in USD and exclude the USD/CAD move a Canadian holder also experiences. All of them are TFSA- and RRSP-eligible at a Canadian brokerage; U.S.-listed funds in an RRSP are exempt from U.S. withholding tax on distributions under the Canada-U.S. treaty, while in a TFSA that 15% withholding is not recoverable.

Why do different halal ETFs hold different companies?

Each index provider (S&P, FTSE, Dow Jones, Russell, Saturna's own screens) applies its own financial ratio thresholds, typically debt below 30-33% of market cap or assets and impure income below 5%. A company near a threshold can pass one screen and fail another. All of the thresholds trace back to AAOIFI Standard 21 but interpret it differently.

Can I hold these ETFs in a TFSA or RRSP?

Yes. All are listed on designated stock exchanges, so they are qualified investments for a TFSA, RRSP, FHSA, or RESP at any Canadian brokerage. For the U.S.-listed funds, consider holding them in the RRSP, where U.S. withholding tax on distributions is waived under the treaty; in a TFSA the 15% withholding is lost. WSHR is Canadian-listed, so there is no withholding on its own distributions, but the fund itself pays foreign withholding on the U.S. and other foreign stocks it holds, and no account type recovers that layer.

Do I need to purify dividends from a halal ETF?

Most scholars say yes for the small portion of income that comes from non-compliant sources. Each issuer publishes a purification ratio annually; multiply your dividends by that ratio and give the result to charity. Our purification calculator does the math.

Live returns as of 2026-10-26 · 12 funds

Halal ETF Comparison Tool for Canadians

Every Shariah-screened ETF available to Canadian investors, on one sortable table with live total returns and yield. Sort by what matters, pin up to four side by side, and see what the expense ratio costs on your own numbers.

Direct answer

What is the best halal ETF?

There is no single best halal ETF; there is a best fit for a given role in a portfolio. For U.S. large-cap exposure the main choices are SPUS (S&P screen, 0.45%), HLAL (FTSE screen, 0.50%), and MNZL (Russell screen, 0.40%). For global exposure: SPWO, UMMA, Canadian-listed WSHR, or Amana's active AMGR. For income: SPSK (sukuk) or AMEI (dividend equity). For real estate: SPRE. On a one-year total-return basis as of 2026-10-26, SPTE leads at +32.24%, and SPUS leads over three years at +26.86% annualized; those compare different mandates and say nothing about next year. Use the table to sort by return, yield, fee, or size, then check the fee-drag projection. The largest fund today is SPUS at $3.39B (2026-10-07).

Compare like with like: same focus, then lowest cost and largest AUM
Returns are total return in each fund's listing currency; young funds show a listing month instead of a number
Screening indexes differ; the same stock can pass one and fail another
All are TFSA- and RRSP-eligible at any Canadian brokerage
Purification is owed on every fund; issuers publish the ratio

Every fund, one table

12 Shariah-screened ETFs available to Canadian investors. Click a column to sort. Tick up to four to compare side by side. Returns are total return (distributions reinvested) as of 2026-10-26; each fund's own currency.

Selected 3/4

	Listing									Oversight
SPUS	U.S. exchange, USD	0.45%	$3.39B (2026-10-07)	~200	+15.72%	+17.78%	+26.86%	+14.72%	0.47%	Third-party certified
HLAL	U.S. exchange, USD	0.50%	$914M	~200	+17.76%	+20.53%	+23.25%	+13.58%	0.37%	Third-party certified
SPSK	U.S. exchange, USD	0.50%	$0.6B	~170	-2.06%	-2.35%	+3.95%	+0.36%	4.52%	Third-party certified
WSHR	Cboe Canada, CAD	0.50%	C$480M	~160	+14.93%	+12.64%	+14.15%	+7.53%	1.75%	Third-party certified
UMMA	U.S. exchange, USD	0.65%	$285M	~100	+19.81%	+23.84%	+23.39%	Listed Jan 2022	0.79%	Third-party certified
SPTE	U.S. exchange, USD	0.55%	$0.2B	~100	+33.32%	+32.24%	Listed Dec 2023	Listed Dec 2023	0.71%	Third-party certified
SPRE	U.S. exchange, USD	0.50%	$0.2B	~30	-3.46%	-3.16%	+7.74%	-2.59%	3.96%	Third-party certified
SPWO	U.S. exchange, USD	0.55%	$0.2B	~400	+16.34%	+16.75%	Listed Dec 2023	Listed Dec 2023	1.05%	Third-party certified
MNZL	U.S. exchange, USD	0.40%	$25M	~480	+17.17%	Listed Nov 2025	Listed Nov 2025	Listed Nov 2025	0.03%	Third-party certified
AMGR	U.S. exchange, USD	0.61%	$7.87M (2026-10-19)	31	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	None paid	Third-party certified
AMEM	U.S. exchange, USD	0.91%	$6.09M (2026-10-19)	31	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	None paid	Third-party certified
AMEI	U.S. exchange, USD	0.76%	$5.98M (2026-10-19)	32	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	Listed Jun 2026	None paid	Third-party certified

Fee, AUM, holdings, and oversight: HalalWallet directory, verified on the date shown in the side-by-side view. Returns and yield: Yahoo Finance chart feed, dividend-adjusted closes, refreshed every six hours. "Listed" means the fund is younger than that window; nothing is backfilled or estimated. Past performance does not predict future results.

Attribute	SPUS	HLAL	SPSK
Issuer	SPFunds	Wahed	SPFunds
Listing	U.S. exchange, USD	U.S. exchange, USD	U.S. exchange, USD
Expense ratio	0.45%	0.50%	0.50%
Assets under management	$3.39B (2026-10-07)	$914M	$0.6B
Holdings	~200	~200	~170
Focus	US Large Growth	US Large Growth	Global Bond (Sukuk)
Screening methodology	AAOIFI - S&P Shariah screens (under 5% impure revenue; debt below ~30% of market cap)	FTSE Shariah screens certified by Yasaar Limited	Sukuk-only universe - Dow Jones Sukuk Total Return Index eligibility rules
Shariah oversight	Third-party certified	Third-party certified	Third-party certified
Index grade	B-	B-	B-
Price (2026-10-26)	$59.32USD	$73.37USD	$17.49USD
Listed	2019-12-18	2019-07-16	2019-12-31
YTD total return	+15.72%	+17.76%	-2.06%
1-year total return	+17.78%	+20.53%	-2.35%
3-year annualized	+26.86%	+23.25%	+3.95%
5-year annualized	+14.72%	+13.58%	+0.36%
Since listing (cumulative)	+214.64%	+212.52%	+4.09%
Trailing 12-month yield	0.47%(11 distributions)	0.37%(4 distributions)	4.52%(11 distributions)
Account types	n/a	n/a	n/a
Directory data verified	2026-10-08	2026-08-13	2026-08-05
Fund page	Issuer site	Issuer site	Issuer site

Fee drag on your numbers

Starting amount$25,000

$0$500,000

Monthly contribution$300

$0$5,000

Years15

140

Gross return before fees7%

2%12%

ETF	Ending balance	Cost of the expense ratio
SPUS	$158,056	$8,256
HLAL	$157,168	$9,144
SPSK	$157,168	$9,144

Assumes identical gross returns, which is not true across different indexes and focuses. This isolates the fee only; the live return columns above show what each fund actually did, and neither predicts what it will do.

How to use this honestly

Compare like with like: a U.S. large-cap fund against another U.S. large-cap fund, not against a sukuk or REIT fund.
Different index providers (S&P, FTSE, Dow Jones, Russell, Saturna) use different debt and impure-income thresholds; the same company can pass one screen and fail another. See why screeners disagree.
Returns are in each fund's listing currency: USD for U.S.-listed funds, CAD for WSHR. A USD return does not include the USD/CAD move a Canadian holder also experiences, so compare WSHR against the others with that in mind. A three-year number includes the full 2023-2026 rally; a fund listed in 2025 cannot show one.
AUM matters for spreads and closure risk; funds under roughly $50.0M are young or small.
Every fund publishes a purification ratio; it is owed regardless of which fund you pick.

Year-to-date leaderboard (2026-10-26)

Total return since the last trading day of the prior year, in each fund's listing currency. Funds listed this year are excluded.

1.SPTEGlobal Technology+33.32%
2.UMMAGlobal Large Growth+19.81%
3.HLALUS Large Growth+17.76%
4.MNZLUS Large & Mid Cap+17.17%
5.SPWOGlobal Large Blend+16.34%
6.SPUSUS Large Growth+15.72%
7.WSHRGlobal Developed Markets (CAD-listed)+14.93%
8.SPSKGlobal Bond (Sukuk)-2.06%
9.SPREGlobal Real Estate-3.46%

HalalWallet Editorial Team

Editorial Team, HalalWallet

Independently researched·No provider pays for placement·320+ expert articles·About our editorial process·Featured in Islamic Finance news & GoDaddy Registry

Reading the comparison

Total return (YTD, 1Y, 3Y, 5Y) is price change plus distributions reinvested, in the fund's listing currency. Three- and five-year figures are annualized so a 2019 fund and a 2022 fund read on the same scale. Nothing is backfilled: a fund younger than the window shows its listing month instead.
Trailing yield is the last twelve months of cash distributions divided by today's price. It is a record of what was paid, not a promise; sukuk and dividend funds sit at the top of this column by design.
Expense ratio is the annual cost deducted from the fund. It is the one number you control by choosing a fund.
AUM signals liquidity and durability. Small funds can close; the issuer then returns cash, which creates a taxable event in a brokerage account.
Holdings tells you concentration. Thirty holdings behave differently from five hundred.
Screening methodology is the index provider's rulebook. This is where SPUS, HLAL, and MNZL actually differ.
Shariah oversight is who signs off and whether the certificate is public. Our taxonomy is explained on the methodology page.

Halal ETF FAQs

Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-10-26

How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.

Product structures and Shariah oversight vary by provider, so finish with three built-in steps:

Confirm current terms and halal compliance directly with the provider - their quote is final.
Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.

Spot an error? Report a correction · How we handle corrections

Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-10-26•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.

Reviewed quarterly and updated for major content changes.

Halal ETF guide Robo vs DIY cost calculator