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Shariah-compliant funds and ETFs

Checked on October 12, 2026

A Shariah-compliant fund or ETF invests in shares, sukuk or gold selected under Islamic criteria: prohibited sectors are excluded and debt and interest income are capped, either through an Islamic index (MSCI, S&P Dow Jones, FTSE…) or by the manager’s own Shariah board. Depending on the fund, the non-compliant share of income is purified by the fund itself, which donates it to charity, or left to investors to purify using a published ratio. Like any investment, these funds carry no guarantee of capital or returns. This list is for information only, dated as of its verification, and is neither a recommendation nor a ranking.

Equity ETFs

  • iShares MSCI World Islamic UCITS ETF

    World MSCI
    Provider
    BlackRock (iShares)
    ISIN
    IE00B27YCN58
    Ticker
    ISWD
    Index
    MSCI World Islamic Index
    Annual fees
    0.30 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Distributed
    Launched
    2007
    Purification
    Done by the fund
    UCITS
    Yes
    Sold in
    United Kingdom, Germany, Switzerland

    Since 1 January 2026 the fund purifies the impure portion of dividends itself, donating it to charities approved by its panel of scholars.

  • iShares MSCI USA Islamic UCITS ETF

    United States MSCI
    Provider
    BlackRock (iShares)
    ISIN
    IE00B296QM64
    Ticker
    ISUS
    Index
    MSCI USA Islamic Index
    Annual fees
    0.30 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Distributed
    Launched
    2007
    Purification
    Done by the fund
    UCITS
    Yes
    Sold in
    United Kingdom, Germany

    Like the other iShares II plc Islamic ETFs, it has purified the impure portion of its dividends itself since 1 January 2026.

  • iShares MSCI EM Islamic UCITS ETF

    Emerging markets MSCI
    Provider
    BlackRock (iShares)
    ISIN
    IE00B27YCP72
    Ticker
    ISDE
    Index
    MSCI Emerging Markets Islamic Index
    Annual fees
    0.35 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Distributed
    Launched
    2007
    Purification
    Done by the fund
    UCITS
    Yes
    Sold in
    United Kingdom, Germany

  • Invesco Dow Jones Islamic Global Developed Markets UCITS ETF

    World Dow Jones
    Provider
    Invesco
    ISIN
    IE000UOXRAM8
    Ticker
    IGDA
    Index
    Dow Jones Islamic Market Developed Markets Index
    Annual fees
    0.40 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2022
    Purification
    Left to the investor
    UCITS
    Yes
    Sold in
    United Kingdom, Switzerland

    Income is reinvested without prior purification by the fund; the issuer invites investors to purify through their own donations.

  • Invesco MSCI ACWI Islamic M-Series UCITS ETF

    World MSCI
    Provider
    Invesco
    ISIN
    IE000LFC57H7
    Ticker
    MWIM
    Index
    MSCI ACWI Islamic M-Series Index
    Annual fees
    0.35 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2026
    Purification
    Not stated
    UCITS
    Yes
    Sold in
    United Kingdom, Switzerland

    Launched in February 2026, it covers both developed and emerging markets.

  • HSBC MSCI World Islamic Screened UCITS ETF

    World MSCI
    Provider
    HSBC Asset Management
    ISIN
    IE000X9FTI22
    Ticker
    HIWO
    Index
    MSCI World Islamic Universal Screened Select Index
    Annual fees
    0.30 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2022
    Purification
    Not stated
    UCITS
    Yes
    Sold in
    United Kingdom, France

    Formerly “HSBC MSCI World Islamic ESG UCITS ETF”, renamed on 30 April 2025; a Shariah committee issues an annual certificate.

  • HSBC MSCI Europe Islamic Screened UCITS ETF

    Europe MSCI
    Provider
    HSBC Asset Management
    ISIN
    IE000AGFZM58
    Ticker
    HIPS
    Index
    MSCI Europe Islamic Universal Screened Select Index
    Annual fees
    0.30 %
    Currency
    EUR
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2022
    Purification
    Not stated
    UCITS
    Yes
    Sold in
    France, United Kingdom, Switzerland

    Listed on Euronext Paris; formerly “HSBC MSCI Europe Islamic ESG UCITS ETF”, renamed on 30 April 2025.

  • Saturna Al-Kawthar Global Focused Equity UCITS ETF

    World Manager’s Shariah board
    Provider
    HANetf (gestion : Saturna Capital)
    ISIN
    IE00BMYMHS24
    Ticker
    AMAL
    Annual fees
    0.75 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2020
    Purification
    Not stated
    UCITS
    Yes
    Sold in
    United Kingdom, Germany, Switzerland

    Actively managed ETF launched in 2020 as “Almalia Sanlam Active Shari’ah Global Equity UCITS ETF” and taken over by Saturna Capital in late 2021.

  • Wahed S&P 500 Shariah UCITS ETF

    United States S&P
    Provider
    Wahed (plateforme Waystone)
    ISIN
    IE000QF8TEK7
    Ticker
    SPWI
    Annual fees
    0.49 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2026
    Purification
    Left to the investor
    UCITS
    Yes
    Sold in
    United Kingdom

    Actively managed with reference to the S&P 500 Shariah index, with an additional human-rights screen; the amount to purify per share is published annually.

  • Wahed Dow Jones Islamic World UCITS ETF

    World Dow Jones
    Provider
    Wahed (plateforme Waystone)
    ISIN
    IE00073MUWT4
    Ticker
    DJIW
    Annual fees
    0.49 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2026
    Purification
    Left to the investor
    UCITS
    Yes
    Sold in
    United Kingdom

    Invests outside the United States, actively managed with reference to the Dow Jones Islamic Market International Titans 100.

  • SP Funds S&P 500 Sharia Industry Exclusions ETF

    United States S&P
    Provider
    SP Funds (ShariaPortfolio)
    ISIN
    US8863648015
    Ticker
    SPUS
    Index
    S&P 500 Shariah Industry Exclusions Index
    Annual fees
    0.45 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2019
    Purification
    Left to the investor
    Sold in
    United States

    The issuer publishes a quarterly purification factor and does not deduct the amounts to be purified itself.

  • SP Funds S&P Global REIT Sharia ETF

    World S&P
    Provider
    SP Funds (ShariaPortfolio)
    ISIN
    US8863647694
    Ticker
    SPRE
    Index
    S&P Global All Equity REIT Shariah Capped Index
    Annual fees
    0.50 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2020
    Purification
    Left to the investor
    Sold in
    United States

    Invests in listed real estate investment trusts (REITs) worldwide.

  • SP Funds S&P Global Technology ETF

    World S&P
    Provider
    SP Funds (ShariaPortfolio)
    ISIN
    US84612A1016
    Ticker
    SPTE
    Index
    S&P Global 1200 Shariah Information Technology Capped Index
    Annual fees
    0.55 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2023
    Purification
    Left to the investor
    Sold in
    United States

  • SP Funds S&P World ex-US ETF

    World S&P
    Provider
    SP Funds (ShariaPortfolio)
    ISIN
    US84612A2006
    Ticker
    SPWO
    Index
    S&P DM Ex-U.S. & EM 50/50 Shariah Index
    Annual fees
    0.55 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2023
    Purification
    Left to the investor
    Sold in
    United States

    Covers developed markets outside the United States and emerging markets in equal halves.

  • Wahed FTSE USA Shariah ETF

    United States FTSE
    Provider
    Wahed Invest
    ISIN
    US53656F6079
    Ticker
    HLAL
    Index
    FTSE Shariah USA Index
    Annual fees
    0.50 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2019
    Purification
    Left to the investor
    Sold in
    United States

    The amount to purify per share is published quarterly, calculated by the Shariah consultant Yasaar.

  • Wahed Dow Jones Islamic World ETF

    World Dow Jones
    Provider
    Wahed Invest
    ISIN
    US53656F2680
    Ticker
    UMMA
    Annual fees
    0.65 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2022
    Purification
    Left to the investor
    Sold in
    United States

    Actively managed outside the United States with reference to the Dow Jones Islamic Market International Titans 100; the amount to purify is published annually.

  • Ziraat Portföy BIST Katılım 30 Endeksi Hisse Senedi Yoğun Borsa Yatırım Fonu

    Türkiye Other screening
    Provider
    Ziraat Portföy
    ISIN
    TRYZIPO00220
    Ticker
    Z30KP
    Index
    BIST Katılım 30 Getiri Endeksi
    Annual fees
    0.50 %
    Currency
    TRY
    Domicile
    Türkiye
    Income
    Accumulated
    Launched
    2020
    Purification
    Not stated
    Sold in
    Türkiye

    Tracks the BIST Katılım 30, part of the BIST Katılım index family (Tüm, 100, 50, 30, Temettü, Sürdürülebilirlik), whose constituents are selected with the advisory board of the Participation Banks Association of Türkiye (TKBB).

  • Eq8 Dow Jones Islamic Market Malaysia Titans 25 ETF

    Asia Dow Jones
    Provider
    Eq8 Capital (ex-i-VCAP)
    ISIN
    MYL0821EA008
    Ticker
    0821EA
    Index
    Dow Jones Islamic Market Malaysia Titans 25 Index
    Annual fees
    0.57 %
    Currency
    MYR
    Domicile
    Malaysia
    Income
    Distributed
    Launched
    2008
    Purification
    Done by the fund
    Sold in
    Malaysia

    Formerly “MyETF Dow Jones Islamic Market Malaysia Titans 25”, presented by its manager as the first Shariah-compliant ETF listed in Asia.

  • Lunate S&P UAE Shariah ETF (Acc.)

    Gulf S&P
    Provider
    Lunate Capital
    ISIN
    AEC000730023
    Ticker
    UAEA
    Index
    S&P UAE Domestic Shariah Liquid 35/20 Capped Index
    Annual fees
    0.70 %
    Currency
    AED
    Domicile
    United Arab Emirates
    Income
    Accumulated
    Launched
    2020
    Purification
    Left to the investor
    Sold in
    United Arab Emirates

    Formerly “Chimera S&P UAE Shariah ETF”; the manager calculates the income to purify per unit and notifies investors.

  • Al Rayan Qatar ETF

    Gulf Manager’s Shariah board
    Provider
    Al Rayan Investment (Masraf Al Rayan)
    ISIN
    QA000F33F9Z8
    Ticker
    QATR
    Index
    QE Al Rayan Islamic Index
    Annual fees
    0.50 %
    Currency
    QAR
    Domicile
    Qatar
    Income
    Distributed
    Launched
    2018
    Purification
    Done by the fund
    Sold in
    Qatar

    Dividends are paid net of expenses and after purification by the fund.

Mutual funds

  • Amana Growth Fund (Investor Shares)

    United States Manager’s Shariah board
    Provider
    Saturna Capital
    ISIN
    US0228652089
    Ticker
    AMAGX
    Annual fees
    0.86 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    1994
    Purification
    Left to the investor
    Sold in
    United States

    Actively managed fund whose compliance is reviewed by Amanie Advisors; there is an institutional class (AMIGX) and, since June 2026, an Amana Growth ETF (AMGR).

  • Amana Income Fund (Investor Shares)

    United States Manager’s Shariah board
    Provider
    Saturna Capital
    ISIN
    US0228651099
    Ticker
    AMANX
    Annual fees
    0.99 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    1986
    Purification
    Left to the investor
    Sold in
    United States

    Dividend-oriented equity fund launched in 1986; Saturna publishes a per-share purification amount every year.

  • Amana Developing World Fund (Investor Shares)

    Emerging markets Manager’s Shariah board
    Provider
    Saturna Capital
    ISIN
    US0228653079
    Ticker
    AMDWX
    Annual fees
    1.20 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2009
    Purification
    Left to the investor
    Sold in
    United States

    Invests at least 80% in shares of companies with significant exposure to developing economies; an ETF version (AMEM) has existed since June 2026.

  • Iman Fund

    World Manager’s Shariah board
    Provider
    Allied Asset Advisors
    ISIN
    US0188661039
    Ticker
    IMANX
    Annual fees
    0.99 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2000
    Purification
    Not stated
    Sold in
    United States

    Actively managed global equity fund, available only to US residents according to the issuer.

  • HSBC Islamic Global Equity Index Fund (AC USD)

    World Dow Jones
    Provider
    HSBC Asset Management
    ISIN
    LU0466842654
    Index
    Dow Jones Islamic Market Titans 100 Index
    Annual fees
    0.93 %
    Currency
    USD
    Domicile
    Luxembourg
    Income
    Accumulated
    Launched
    2000
    Purification
    Done by the fund
    UCITS
    Yes
    Sold in
    Luxembourg, United Kingdom, Singapore, United Arab Emirates

    Formerly “HSBC Amanah Global Equity Index Fund” (until 2018); the fund itself donates the impure portion of dividends to charity.

  • Kuveyt Türk Portföy Katılım Hisse Senedi (TL) Fonu (Hisse Senedi Yoğun Fon)

    Türkiye Manager’s Shariah board
    Provider
    Kuveyt Türk Portföy
    ISIN
    TRYKTPY00186
    Ticker
    KPC
    Annual fees
    2.40 %
    Currency
    TRY
    Domicile
    Türkiye
    Income
    Accumulated
    Launched
    2020
    Purification
    Left to the investor
    Sold in
    Türkiye

    Active fund investing at least 80% in compliant Turkish shares, benchmarked against BIST Katılım 50; the fee shown is the annual management fee.

Pension funds

  • Nest Sharia Fund

    World
    Provider
    Nest (National Employment Savings Trust)
    Annual fees
    0.30 %
    Currency
    GBP
    Domicile
    United Kingdom
    Income
    Accumulated
    Launched
    2011
    Purification
    Not stated
    Sold in
    United Kingdom

    Self-select (not default) fund of the national workplace pension scheme: 0.30% a year on the pot plus 1.8% on each contribution; about 70% equities and 30% sukuk managed by HSBC since November 2024.

  • People’s Pension Shariah Fund

    World
    Provider
    People’s Partnership (The People’s Pension)
    ISIN
    GB00BYY2PJ30
    Annual fees
    0.50 %
    Currency
    GBP
    Domicile
    United Kingdom
    Income
    Accumulated
    Launched
    2013
    Purification
    Not stated
    Sold in
    United Kingdom

  • SL HSBC Islamic Global Equity Index Pension Fund

    World S&P
    Provider
    Standard Life (Phoenix Group)
    ISIN
    GB00B3L4B191
    Index
    S&P Global 1200 Shariah Select Index
    Annual fees
    1.16 %
    Currency
    GBP
    Domicile
    United Kingdom
    Income
    Accumulated
    Launched
    2005
    Purification
    Done by the fund
    Sold in
    United Kingdom

    Invests in the HSBC Islamic Global Equity Index fund, whose index changed from the Dow Jones Islamic Market Titans 100 to the S&P Global 1200 Shariah Select on 23 March 2026.

  • L&G PMC HSBC Islamic Global Equity Index Fund 3

    World S&P
    Provider
    Legal & General
    ISIN
    GB00BD1JRG10
    Index
    S&P Global 1200 Shariah Select Index
    Annual fees
    0.20 %
    Currency
    GBP
    Domicile
    United Kingdom
    Income
    Accumulated
    Launched
    2011
    Purification
    Done by the fund
    Sold in
    United Kingdom

    Charges shown are for the “Fund 3” series used in workplace pensions; other series and contract charges differ.

Sukuk

  • HSBC Global Sukuk UCITS ETF

    Sukuk FTSE
    Provider
    HSBC Asset Management
    ISIN
    IE000E8WZD37
    Ticker
    HBKU
    Index
    FTSE IdealRatings Sukuk Index
    Annual fees
    0.37 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2023
    Purification
    Not stated
    UCITS
    Yes
    Sold in
    United Kingdom, France

    Invests in investment-grade US-dollar sukuk; listed in Paris since June 2026.

  • SP Funds Dow Jones Global Sukuk ETF

    Sukuk Dow Jones
    Provider
    SP Funds (ShariaPortfolio)
    ISIN
    US8863647025
    Ticker
    SPSK
    Index
    Dow Jones Sukuk Total Return Index (ex-Reinvestment)
    Annual fees
    0.50 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2019
    Purification
    Not stated
    Sold in
    United States

    The issuer states that this sukuk fund does not require purification.

  • Amana Participation Fund (Investor Shares)

    Sukuk Manager’s Shariah board
    Provider
    Saturna Capital
    ISIN
    US0228657039
    Ticker
    AMAPX
    Annual fees
    0.81 %
    Currency
    USD
    Domicile
    United States
    Income
    Distributed
    Launched
    2015
    Purification
    Not stated
    Sold in
    United States

    Sukuk fund aiming primarily at capital preservation; the planned Amana Sukuk ETF (AMSU) was abandoned in June 2026.

  • Franklin Global Sukuk Fund (A acc USD)

    Sukuk Manager’s Shariah board
    Provider
    Franklin Templeton
    ISIN
    LU0792756115
    Annual fees
    1.50 %
    Currency
    USD
    Domicile
    Luxembourg
    Income
    Accumulated
    Launched
    2012
    Purification
    Done by the fund
    UCITS
    Yes
    Sold in
    Germany, Austria

    Actively managed global sukuk fund, invested mainly in Saudi and UAE issuers and overseen by an Amanie Shariah board.

  • Kuveyt Türk Portföy Kısa Vadeli Kira Sertifikaları Katılım (TL) Fonu

    Türkiye Manager’s Shariah board
    Provider
    Kuveyt Türk Portföy
    ISIN
    TRYKTPY00061
    Ticker
    KTV
    Annual fees
    1.50 %
    Currency
    TRY
    Domicile
    Türkiye
    Income
    Accumulated
    Launched
    2017
    Purification
    Not stated
    Sold in
    Türkiye

    Short-term sukuk (kira sertifikası) fund, formerly “KT Portföy Kısa Vadeli Kira Sertifikaları Katılım Fonu”.

Gold

  • The Royal Mint Responsibly Sourced Physical Gold ETC

    Gold Other screening
    Provider
    HANetf / The Royal Mint
    ISIN
    XS2115336336
    Ticker
    RMAU
    Annual fees
    0.25 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2020
    Purification
    Not stated
    Sold in
    Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Mexico, Netherlands, Norway, Poland, Sweden

    ETC backed by physical gold held in The Royal Mint’s vault in Wales; its processes were endorsed as Shariah-compliant by Amanie Advisors in 2023.

  • Invesco Physical Gold ETC

    Gold Other screening
    Provider
    Invesco
    ISIN
    IE00B579F325
    Ticker
    SGLD
    Annual fees
    0.12 %
    Currency
    USD
    Domicile
    Ireland
    Income
    Accumulated
    Launched
    2009
    Purification
    Not stated
    Sold in
    United Kingdom, Germany, Switzerland, Netherlands, Italy

    ETC backed by physical gold bars, described by Invesco as Shariah-compliant.

  • Kuveyt Türk Portföy Altın Katılım Fonu

    Gold Manager’s Shariah board
    Provider
    Kuveyt Türk Portföy
    ISIN
    TRYKTPY00152
    Ticker
    KZL
    Annual fees
    0.30 %
    Currency
    TRY
    Domicile
    Türkiye
    Income
    Accumulated
    Launched
    2019
    Purification
    Not stated
    Sold in
    Türkiye

    Gold participation fund, formerly “KT Portföy Kızılay’a Destek Altın Katılım Fonu”.

  • TradePlus Shariah Gold Tracker

    Gold Other screening
    Provider
    AHAM Asset Management
    ISIN
    MYL0828EA003
    Ticker
    0828EA
    Annual fees
    0.79 %
    Currency
    USD
    Domicile
    Malaysia
    Income
    Accumulated
    Launched
    2017
    Purification
    Not stated
    Sold in
    Malaysia

    ETF listed in Kuala Lumpur and backed by physical gold bars held in Singapore.

  • Albilad Gold ETF

    Gold Manager’s Shariah board
    Provider
    Albilad Capital
    ISIN
    SA151G54IUK7
    Ticker
    9405
    Annual fees
    0.75 %
    Currency
    SAR
    Domicile
    Saudi Arabia
    Income
    Accumulated
    Launched
    2020
    Purification
    Not stated
    Sold in
    Saudi Arabia

    Listed on the Saudi Exchange and backed by physical gold held at DMCC in Dubai; fees were cut from 1.50% to 0.75% in July 2024.

Before you invest

  • A compliant fund is not a risk-free fund: it can lose value.
  • Check the screening method and who oversees it (index provider or Shariah board).
  • If the fund does not purify itself, work out the amount to give with the purification tool.
  • For your own situation, speak to an authorised adviser; this site gives no investment advice.

Are ETFs halal?

English
Wednesday, October 14, 2026 3 جمادى الأولى 1448 هـ

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