Is HLAL halal?
Wahed FTSE USA Shariah ETF (HLAL) is a Shariah-compliant ETF: its index is supervised by Yasaar Research Inc.. Its holdings are screened and a purification rate is published (about 1.2% of dividends).
Key facts
| Fund family | Wahed Invest |
|---|---|
| Category | Large Blend |
| Expense ratio | 0.50% |
| Assets under management | $924.5M |
| Inception | 2019-07-15 |
| Purification rate | 1.2% |
Shariah supervision
| Authority | Standard | Position | Verified |
|---|---|---|---|
| Yasaar Research Inc. | FTSE | compliant | 2026-05-08 |
Top 5 holdings
| Holding | Weight | Status |
|---|---|---|
| Apple Inc | 13.97% | Compliant |
| Microsoft Corp | 10.57% | Compliant |
| Alphabet Inc | 6.57% | Compliant |
| Alphabet Inc | 5.35% | Compliant |
| Meta Platforms Inc | 5.13% | Compliant |
Sector mix
| Technology | 57.0% |
|---|---|
| Communication services | 13.8% |
| Healthcare | 9.6% |
| Industrials | 5.1% |
| Consumer cyclical | 5.0% |
| Energy | 3.9% |
What it tracks
The index is composed of common stocks of large- and mid-capitalization U.S. companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.
Go deeper on Sanad
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- 🔒 All 197 holdings with each one's compliancePRO••••••
- 🔒 Purification per holdingPRO••••••
- 🔒 Alerts when the fund's status changesPRO••••••
Frequently asked questions
Is HLAL halal?
Wahed FTSE USA Shariah ETF (HLAL) is a Shariah-compliant ETF: its index is supervised by Yasaar Research Inc.. Its holdings are screened and a purification rate is published (about 1.2% of dividends).
What is purification for an ETF?
Even compliant companies earn a little interest. A Shariah ETF publishes the share of income that is not permissible so investors can donate the same share of their distributions.
Who certifies it?
Yasaar Research Inc. (FTSE, verified 2026-05-08)