Shariah-Compliant ETF Directory · 2026
Halal ETFs for UK & US Muslims
A reference directory of Shariah-compliant Exchange Traded Funds screened against AAOIFI standards — curated for Muslim investors comparing options across the LSE, NASDAQ, and NYSE Arca.
24
Funds
9
Providers
LSE · US · CA
Exchanges
AAOIFI
Screening
The Listing
24 Shariah-compliant funds · click a row for details
| Ticker | Fund Name | Provider | Exchange | TER | AUM |
|---|---|---|---|---|---|
ISWD | iShares MSCI World Islamic UCITS ETF | BlackRock (iShares) | LSE | 0.60% | ~$1.2B |
ISDE | iShares MSCI EM Islamic UCITS ETF | BlackRock (iShares) | LSE | 0.85% | ~$280M |
HLAL | Wahed FTSE USA Shariah ETFNon-UK | Wahed Invest | NASDAQ | 0.50% | ~$250M |
UMMA | Wahed Dow Jones Islamic World ETFNon-UK | Wahed Invest | NASDAQ | 0.65% | ~$60M |
SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETFNon-UK | SP Funds | NYSE Arca | 0.49% | ~$800M |
SPRE | SP Funds S&P Global REIT Sharia ETFNon-UK | SP Funds | NYSE Arca | 0.55% | ~$45M |
AMAGXMF | Amana Growth FundNon-UK | Saturna Capital | NASDAQ | 1.04% | ~$1.5B |
ISUS | iShares MSCI USA Islamic UCITS ETF | BlackRock (iShares) | LSE | 0.50% | ~$180M |
ISEU | iShares MSCI Europe Islamic UCITS ETF | BlackRock (iShares) | LSE | 0.60% | ~$90M |
IGLNETC | iShares Physical Gold ETC | BlackRock (iShares) | LSE | 0.12% | ~$13B |
WGLDETC | WisdomTree Physical Gold | WisdomTree | LSE | 0.15% | ~$3B |
HIWO | HSBC MSCI World Islamic UCITS ETF | HSBC Asset Management | LSE | 0.50% | ~$200M |
AMAL | HANetf Almalia Sanlam Active Shariah Global Equity UCITS ETF | HANetf / Sanlam | LSE | 0.99% | ~$80M |
IIES | Invesco Dow Jones Islamic Global Developed Markets UCITS ETF | Invesco | LSE | 0.40% | ~$100M |
HIUS | HSBC MSCI USA Islamic UCITS ETF | HSBC Asset Management | LSE | 0.30% | ~$120M |
HIEM | HSBC MSCI Emerging Markets Islamic UCITS ETF | HSBC Asset Management | LSE | 0.60% | ~$50M |
SGLNETC | Invesco Physical Gold ETC | Invesco | LSE | 0.12% | ~$17B |
SPSK | SP Funds Dow Jones Global Sukuk ETFNon-UK | SP Funds | NASDAQ | 0.55% | ~$250M |
SPTE | SP Funds S&P Global Technology ETFNon-UK | SP Funds | NYSE Arca | 0.55% | ~$40M |
SPWO | SP Funds S&P World (ex-US) ETFNon-UK | SP Funds | NYSE Arca | 0.55% | ~$40M |
AMANXMF | Amana Income FundNon-UK | Saturna Capital | NASDAQ | 1.03% | ~$1.3B |
AMDWXMF | Amana Developed World FundNon-UK | Saturna Capital | NASDAQ | 1.07% | ~$40M |
AMIGXMF | Amana Participation FundNon-UK | Saturna Capital | NASDAQ | 0.83% | ~$200M |
WSHR | Wealthsimple Shariah World Equity Index ETFNon-UK | Wealthsimple | Toronto (NEO) | 0.50% | ~C$120M |
What is Halal (Shariah-Compliant) Investing?
Core principles, prohibited industries, and the two-stage screening process.
Halal investing refers to investing in a manner consistent with Islamic law (Shariah). The core principle is the prohibition of riba (interest or usury), which rules out conventional bonds, savings accounts, and companies that derive significant revenue from lending at interest.
Beyond riba, Islamic finance prohibits investment in companies involved in haram (forbidden) industries: alcohol, tobacco, conventional financial services, weapons and defence, gambling, pork products, and adult entertainment.
Halal ETFs apply a two-stage screening process. The first stage is sector screening — removing companies in prohibited industries. The second is financial ratio screening — filtering out companies with debt, interest income, or liquid assets exceeding defined thresholds (typically per AAOIFI standards).
Any residual impure income within the fund must be purified by donating the proportionate amount to charity. Many fund providers publish purification ratios to assist investors in calculating this.
Screening Criteria
Criteria commonly used by Shariah-compliant ETF providers. Thresholds may vary slightly between providers and their Shariah supervisory boards.
Prohibited Sectors
- –Alcohol & tobacco
- –Conventional banking & insurance
- –Weapons & defence
- –Gambling & casinos
- –Pork & related products
- –Adult entertainment
Financial Ratio Screens
- –Debt / Market Cap < 33%
- –Cash & interest-bearing / Market Cap < 33%
- –Accounts receivable / Market Cap < 33%
- –Interest income / Total revenue < 5%
- –Haram revenue / Total revenue < 5%
Purification
- –Residual impure income donated to charity
- –Provider publishes purification ratio per unit
- –Investor calculates proportionate donation
- –Typically a very small % of dividends
Why ETFs for UK Muslim Investors?
The practical case for using ETFs within a halal UK portfolio.
- Low Cost
- Halal ETFs typically carry Total Expense Ratios (TERs) between 0.49% and 0.85% — significantly cheaper than actively managed Islamic funds.
- ISA & SIPP Eligible
- Most LSE-listed halal ETFs can be held in a Stocks & Shares ISA or SIPP, allowing UK Muslims to invest tax-efficiently.
- Diversification
- A single halal ETF can provide exposure to hundreds of Shariah-screened companies across multiple geographies and sectors.
- Transparency
- ETF holdings are published daily. Investors can verify Shariah compliance themselves and calculate purification amounts accurately.
Frequently Asked
Common questions from UK Muslim investors exploring Shariah-compliant ETFs.
Disclaimer
Not financial advice. HalalETFs.co.uk is an independent informational website. Nothing on this site constitutes financial, investment, tax, or legal advice. The information provided is for general educational purposes only.
Not Shariah advice. The Shariah compliance status of any fund listed on this site is based on publicly available information from fund providers and index methodologies. We are not Islamic scholars. Always consult a qualified Islamic scholar or Shariah supervisory board before making investment decisions based on religious grounds.
Accuracy. Fund data including TERs, AUM, and certification details may change. Always verify current information directly with the fund provider via their official factsheet or KIID (Key Investor Information Document).
Regulatory status. HalalETFs.co.uk is not authorised or regulated by the Financial Conduct Authority (FCA). Investments can fall as well as rise in value. You may get back less than you invest. Past performance is not a reliable indicator of future results.