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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 28 published, dated halal verdicts for etfs & funds (12 halal · 16 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 screens12

Is Amana Developing World Fund (AMDWX) HalalIs Amana Growth Fund (AMAGX) HalalIs Amana Income Fund (AMANX) HalalIs Amana Participation Fund (AMAPX) HalalIs Manzil Russell Halal USA Broad Market ETF (MNZL) HalalIs SP Funds Dow Jones Global Sukuk ETF (SPSK) HalalIs SP Funds S&P 500 Sharia ETF (SPUS) HalalIs SP Funds S&P Global REIT Sharia ETF (SPRE) HalalIs SP Funds S&P Global Technology ETF (SPTE) HalalIs SP Funds S&P World ETF (SPWO) HalalIs Wahed Dow Jones Islamic World ETF (UMMA) HalalIs Wahed FTSE USA Shariah ETF (HLAL) Halal

Fails the screens16

Is Fidelity Government Money Market Fund (SPAXX) HalalIs FXAIX (Fidelity 500 Index Fund) HalalIs Invesco QQQ (Nasdaq-100 ETF) HalalIs Invesco S&P 500 Momentum ETF (SPMO) HalalIs iShares Core Equity ETF Portfolio (XEQT) HalalIs JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) HalalIs Leveraged ETFs (2x/3x) HalalIs Roundhill Memory ETF (DRAM) HalalIs Schwab U.S. Dividend Equity ETF (SCHD) HalalIs SPDR S&P 500 ETF (SPY) HalalIs Vanguard FTSE All-World UCITS ETF (VWRA / VWRP) HalalIs Vanguard Information Technology ETF (VGT) HalalIs Vanguard S&P 500 ETF (VOO) HalalIs Vanguard Total International Stock ETF (VXUS) HalalIs Vanguard Total Stock Market ETF (VTI) HalalIs Vanguard Total World Stock ETF (VT) Halal

How to read these verdicts

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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.

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