Investing · Musaffa
Musaffa Halal ETF Finder
Co-Founder & CEO, HalalWallet
Facts are re-verified against Musaffa's published materials; this page updates when the provider's terms, rates, or coverage change.
Musaffa's ETF Finder applies holdings-level Shariah screening to 8,241 ETFs - every constituent tested against the published AAOIFI ratios rather than trusting a fund's label. The verdict at the August 2026 check: just 72 of 3,764 US-listed ETFs rated halal, which is precisely why the tool matters - mainstream funds like VOO, QQQ, and SPY are screened alongside dedicated Islamic products so investors can see exactly why they fail. Ratings update quarterly under a methodology certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and compliance filters.
Opens provider's site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
What is the Musaffa Halal ETF Finder?
Musaffa's ETF Finder applies holdings-level Shariah screening to 8,241 ETFs - every constituent tested against the published AAOIFI ratios rather than trusting a fund's label. The verdict at the August 2026 check: just 72 of 3,764 US-listed ETFs rated halal, which is precisely why the tool matters - mainstream funds like VOO, QQQ, and SPY are screened alongside dedicated Islamic products so investors can see exactly why they fail.
- Contract structure: ETF Screener.
- Available in all 50 states.
- Shariah oversight disclosed: Formal Board.
- Verified against Musaffa's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- ETF Screener
- Program type
- Stock Screener
- Management fee
- $0 free tier; $72/year Foundation plan
- Availability
- all 50 states
- Shariah oversight
- Formal Board
- Last verified
- 2026-08-05
Facts are taken from Musaffa's published product materials and were last verified on 2026-08-05. Fields the provider does not publish are omitted rather than estimated.
Our take
The ETF Finder earns its keep with one number: at the August 2026 check only 72 of 3,764 US-listed ETFs passed Musaffa's AAOIFI screening. Fund labels tell you almost nothing - an ETF is just a wrapper around dozens or hundreds of companies, any of which can sink its compliance - and this is the most systematic public attempt to screen at the holdings level. The workflow is clean: check any fund including mainstream giants, see the failing ratios, filter the survivors by grade, and buy through your own broker. Quarterly rating updates keep verdicts current as fund compositions drift. It pairs naturally with the stock screener under the same $72/year Foundation plan, which remains the cheapest full-featured compliance subscription in the space. For passive halal investors, this is the due-diligence tool to run before every fund purchase.
Strengths
- Searches and compares halal ETFs in one place
- Screening runs against AAOIFI standards with continuous monitoring
- Methodology reviewed by named Shariah advisors
- Available nationwide in all 50 states
Watch-outs
- Covers ETFs only - individual stock research sits in Musaffa's separate screener
- A comparison tool, not a brokerage - you buy through your own account
- Detailed reports and filters require the paid Foundation plan
Is the Musaffa Halal ETF Finder halal?
ETFs are where halal investors most often get burned, because a fund's label says nothing about the dozens or hundreds of companies inside it. Musaffa's ETF finder screens at the holdings level: each fund's constituents are run through the same published AAOIFI methodology as individual stocks - non-permissible income under 5% of revenue, and interest-bearing assets and debt each under 30% of trailing 36-month average market value, on top of a ten-category prohibited-activity screen - before the fund earns a compliant rating. The screening universe spans 8,200+ ETFs globally (company-reported), and the results are sobering in a useful way: as of mid-2026 Musaffa's data showed just 72 of 3,764 US-listed ETFs passing, which is exactly why a dedicated finder beats guesswork. Musaffa claims it launched the world's first Shariah-compliant ETF screener in 2023 (a company claim). The methodology behind the ratings is independently certified by Amanah Advisors, and the named Shariah advisors are Shaikh Dr. Aznan Hasan - a sitting AAOIFI Shariah Board member - and Mufti Faraz Adam, head of Amanah Advisors. Continuous monitoring matters here too: compliance is re-assessed as underlying companies report, with ratings updated quarterly by Musaffa's analyst team. As with all of Musaffa's research tools, results are legally framed as candidates for further research rather than fatwas - an honest boundary most platforms leave implicit.
Shariah oversight disclosed by Musaffa
Shariah advisors include Shaikh Dr. Aznan Hasan and Mufti Faraz Adam. Board continuously monitors compliance methodology.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- 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)
- Search and compare compliant ETFs alongside mainstream funds (VOO, QQQ, SPY and peers are all screened)
- Methodology certified by Amanah Advisors; advisors include a sitting AAOIFI Shariah Board member
- Halal ratings updated quarterly by Musaffa's analyst team
- Compliance filters by status, C- to A+ grade, and interest-bearing asset/debt limits
Cost and terms
Free tier covers basic halal-status checks; the Foundation plan at $72/year (marketed as $6/month) unlocks detailed ETF compliance reports, grades, history, and filters (plan structure verified on musaffa.com/pricing 2026-08-05; $72/yr figure per Musaffa pricing retrieved 2026-07-28).
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Musaffa Halal ETF Finder (this page) | ETF Screener | Formal Board | all 50 states | — |
| Zoya Stock Screener | Stock Screener | Named Scholar | all 50 states | — |
| Manzil Russell Halal USA Broad Market ETF | Index-based | Third-Party Certified | 49 states | A |
| SPFunds SP Funds S&P World ETF | Index-based | Third-Party Certified | all 50 states | B |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | all 50 states | B+ |
Other Musaffa products
- Musaffa Halal Stock Screener
Investing · Stock Screener
- Zakat Calculator
Zakat Calculator · Tool
Where it's available
Musaffa lists the Halal ETF Finder as available in all 50 states.
Availability may vary by product and can change; verify with Musaffa before applying.
Frequently asked questions
Is the Musaffa Halal ETF Finder halal?
ETFs are where halal investors most often get burned, because a fund's label says nothing about the dozens or hundreds of companies inside it. Contract structure: ETF Screener. Shariah oversight disclosed by Musaffa: Formal Board. HalalWallet reports what the provider documents; we do not certify products.
How does the Musaffa Halal ETF Finder work?
Musaffa's ETF Finder applies holdings-level Shariah screening to 8,241 ETFs - every constituent tested against the published AAOIFI ratios rather than trusting a fund's label. The verdict at the August 2026 check: just 72 of 3,764 US-listed ETFs rated halal, which is precisely why the tool matters - mainstream funds like VOO, QQQ, and SPY are screened alongside dedicated Islamic products so investors can see exactly why they fail.
What does the Musaffa Halal ETF Finder cost?
Free tier covers basic halal-status checks; the Foundation plan at $72/year (marketed as $6/month) unlocks detailed ETF compliance reports, grades, history, and filters (plan structure verified on musaffa.com/pricing 2026-08-05; $72/yr figure per Musaffa pricing retrieved 2026-07-28).
Where is the Musaffa Halal ETF Finder available?
Musaffa lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with Musaffa.
What are the alternatives to the Musaffa Halal ETF Finder?
In the same category we also list Zoya Stock Screener, Manzil Russell Halal USA Broad Market ETF (HalalWallet Index A), SPFunds SP Funds S&P World ETF (HalalWallet Index B). Compare every option side by side on our Halal Investing hub.
When was this Musaffa product information last verified?
HalalWallet last verified the Musaffa Halal ETF Finder details against Musaffa's published materials on 2026-08-05. Rates, fees, and availability can change after that date.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.