Best Halal ETF & Index Investing Options (2026)
Prefer ETFs and index funds? These Shariah-compliant ETF providers are ranked by Shariah oversight, cost, and - where we've published one - our AAOIFI screen and the consensus of the major halal screening authorities.
What is the best halal investing for ETF & index investors?
For ETF & index investors, HalalWallet ranks Manzil highest, scored on Shariah oversight, our published AAOIFI verdicts, and the consensus of the major halal screening authorities.
- #1 Manzil (97% match) - passes the AAOIFI screen (published record)
- #2 SPFunds (89% match) - passes the AAOIFI screen (published record)
- #3 Wahed Invest (88% match) - passes the AAOIFI screen (published record)
Source: HalalWallet (halalwallet.us)
- #1
Manzil
Pays HalalWallet: No. Manzil pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Manzil Russell Halal USA Broad Market ETF
97%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- HalalWallet Index provider grade A - ranked #1 of 11 graded providers
- Shariah Oversight: Third-Party Certified
- #2
SPFunds
Pays HalalWallet: No. SPFunds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.SP Funds S&P Global Technology ETF
89%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- HalalWallet Index provider grade A- - ranked #2 of 11 graded providers
- Shariah Oversight: Third-Party Certified
- #3
Wahed Invest
Pays HalalWallet: No. Wahed Invest pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Wahed FTSE USA Shariah ETF
88%match
- Screens halal in HalalWallet's published record (reviewed 2026-06-15)
- Passes the business-activity screen - no impermissible income
- HalalWallet Index provider grade A- - ranked #3 of 11 graded providers
- Shariah Oversight: Third-Party Certified
- #4
Amana Funds
Pays HalalWallet: No. Amana Funds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Amana Developing World ETF
79%match
- HalalWallet Index provider grade B
- Shariah Oversight: Third-Party Certified
- Actively managed Nasdaq-listed ETF (inception June 24, 2026) at a 0.91% expense ratio, At least 80% of assets in companies with 50% or more of production assets or revenues in developing economies
- #5
Musaffa
Pays HalalWallet: No. Musaffa pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Halal ETF Finder
71%match
- HalalWallet Index provider grade B+
- Shariah Oversight: Formal Board - provider discloses supervisory board
- Best for: Investors comparing halal ETFs - or checking whether the mainstream fund in their 401(k) has a compliant alternative - who want holdings-level AAOIFI screening rather than taking a fund label on trust.
- Holdings-level screening: every constituent tested against published AAOIFI ratios, not just the fund's label, 8,200+ ETFs in the screening universe; 72 of 3,764 US-listed ETFs rated halal at mid-2026 (company-reported)
- #6
Zoya
Pays HalalWallet: No. Zoya pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Zoya Stock Screener
60%match
- HalalWallet Index provider grade B
- Shariah Oversight: Named Scholar involvement disclosed
- 6 years of experience
- Best for: DIY halal stock pickers
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-11-01
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
What HalalWallet is and is not
Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.
What we do
- We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
- We show the range of scholarly opinion on contested questions, with sources.
What we do not do
- We do not lend, hold money, open accounts or take applications. You apply with the provider.
- We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
- We do not give personal financial, legal or tax advice.
Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0
Before you decide, finish with three checks:
- Confirm current terms and halal compliance directly with the provider. Their quote is final.
- Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
- Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.
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Editorial Team, HalalWallet
Independent halal finance research