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 Wahed Invest (88% match) - passes the AAOIFI screen (published record)
- #3 SPFunds (85% match) - passes the AAOIFI screen (published record)
Source: HalalWallet (halalwallet.us)
- #1
Manzil
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 grade B+ - ranked #1 of 10 graded providers
- Shariah Oversight: Third-Party Certified
- #2
Wahed Invest
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 grade B+ - ranked #2 of 10 graded providers
- Shariah Oversight: Third-Party Certified
- #3
SPFunds
SP Funds S&P Global Technology ETF
85%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- HalalWallet Index grade B
- Shariah Oversight: Third-Party Certified
- #4
Musaffa
Halal ETF Finder
70%match
- 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)
- #5
Amana Funds
Amana Income Fund (AMANX)
60%match
- Screens halal in HalalWallet's published record
- Passes the business-activity screen - no impermissible income
- Shariah Oversight: Third-Party Certified
- Established for 40+ years
- #6
Allied Asset Advisors
Iman Fund (IMANX)
60%match
- HalalWallet Index grade B - ranked #3 of 10 graded providers
- Shariah Oversight: Third-Party Certified
- Established for 26+ years
- Best for: Long-term halal growth investing through IRAs and 401(k) rollovers
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This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
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How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
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.
Editorial Team, HalalWallet
Independent halal finance research