Best Halal ETFs in 2026: The Complete US List, With Live Data
Published Updated August 12, 2026 · 12 min read · Penny editorial team
Halal ETFs let you own a diversified, sharia-screened portfolio in a single ticker — no stock-by-stock research, no compliance monitoring, purification amounts published for you. This is the complete list of sharia-compliant ETFs available to US investors, with live expense ratios, assets, and yields (as of 2026-08-12), what each fund actually holds, and three model portfolios showing how to combine them.
Every US halal ETF at a glance
| Ticker | Fund | Expense ratio | Net assets | Yield | Inception |
|---|---|---|---|---|---|
| SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.45% | $2.88B | 0.54% | 2019-12-17 |
| HLAL | Wahed FTSE USA Shariah ETF | 0.50% | $914M | 0.46% | 2019-07-15 |
| UMMA | Wahed Dow Jones Islamic World ETF | 0.65% | $285M | 0.98% | 2022-01-06 |
| SPWO | SP Funds S&P World ETF | 0.55% | $200M | 1.10% | 2023-12-19 |
| SPTE | SP Funds S&P Global Technology ETF | 0.55% | $211M | 0.75% | 2023-11-30 |
| SPRE | SP Funds S&P Global REIT Sharia ETF | 0.50% | $221M | 3.74% | 2020-12-29 |
| SPSK | SP Funds Dow Jones Global Sukuk ETF | 0.50% | $644M | 4.51% | 2019-12-27 |
Live data via Yahoo Finance, as of 2026-08-12. Verify on the issuer's site before investing.
The funds, one by one
SPUS — SP Funds S&P 500 Sharia Industry Exclusions ETF
The closest thing to “the halal S&P 500” and, at $2.88B in assets, by far the largest fund in the category — which matters for spreads and staying power. It takes the S&P 500, removes companies failing the S&P Shariah (AAOIFI-based) screen, and reweights what remains. Because banks and heavily leveraged firms drop out, it runs meaningfully more tech-heavy than the plain S&P 500 — great in tech rallies, heavier drawdowns when tech corrects. The default core holding for most halal-first portfolios.
Top holdings: NVDA (13.1%) · AAPL (12.2%) · MSFT (9.3%) · GOOGL (5.6%) · AVGO (5.0%)
HLAL — Wahed FTSE USA Shariah ETF
The main alternative core: a broader US universe screened by FTSE's Shariah methodology, which measures debt against total assets rather than market cap — steadier through price swings, and it admits a slightly different set of companies. If you prefer FTSE's screening philosophy or want to diversify screening-methodology risk, this is the pick. Full comparison: SPUS vs HLAL.
Top holdings: NVDA (12.1%) · AAPL (11.8%) · MSFT (9.1%) · GOOGL (5.5%) · AVGO (4.8%)
UMMA — Wahed Dow Jones Islamic World ETF
International (ex-US-heavy) equities under the Dow Jones Islamic Market screen. The highest expense ratio in the group (0.65%), but it's the cleanest way to add non-US developed and emerging market exposure alongside a US core.
Top holdings: 005930.KS (8.4%) · 000660.KS (6.4%) · TSM (5.4%) · ASML.AS (4.5%) · CSU.TO (3.7%)
SPWO — SP Funds S&P World ETF
Global equities — US plus international — in one sharia-screened fund. The one-ticket option if you'd rather not manage a US/international split yourself.
SPTE — SP Funds S&P Global Technology ETF
A concentrated global technology sector fund. Be honest about overlap: SPUS is already tech-heavy, so SPUS + SPTE + individual tech stocks can quietly become a single giant bet. Use it as a deliberate tilt, not a diversifier.
SPRE — SP Funds S&P Global REIT Sharia ETF
Real-estate income through REITs that pass screening of their financing and activities, currently yielding 3.74%. The practical way to hold income-producing property exposure without buying buildings or taking an interest-bearing mortgage.
SPSK — SP Funds Dow Jones Global Sukuk ETF
Sukuk — asset-backed certificates structured to avoid riba — playing the stabilizing role bonds play in conventional portfolios, with a 4.51% yield. If you came from a 60/40 portfolio, SPSK is the compliant replacement for the 40.
Three model portfolios
| Sleeve | Conservative | Balanced | Growth |
|---|---|---|---|
| US equity core (SPUS or HLAL) | 35% | 50% | 65% |
| International (UMMA or SPWO) | 15% | 20% | 25% |
| Sukuk (SPSK) | 40% | 20% | 5% |
| REITs (SPRE) | 10% | 10% | 5% |
These are illustrations of structure, not advice — the point is the roles: one equity core, one international diversifier, sukuk for stability, REITs for income. Rebalance annually; Penny's rebalance calculator turns target weights into exact trades.
What the fees actually cost you
SPUS's 0.45% expense ratio on a $10,000 position is about $45/year — versus roughly $3 for a conventional index fund. Over 30 years at 7% growth, that fee gap compounds to roughly $8,000–9,000 of forgone value per $10,000 invested. That's the honest price of screening today, and it's why comparing expense ratios within the halal category matters: the 0.20% gap between SPUS and UMMA is real money over decades. It's also the argument some investors make for holding individually screened stocks in the satellite: zero expense ratio, with Penny doing the monitoring.
See your real concentration across funds and stocks
Penny tracks your ETFs, stocks, gold, and retirement accounts together, screens individual stocks against AAOIFI-style rules with a 1–5 grade, and warns when tech concentration creeps up. Zakat and purification built in.
Download Penny for iOSFAQ
Are halal ETFs really sharia-compliant?
The major halal ETFs track indexes maintained under recognized methodologies (AAOIFI-based S&P Shariah, FTSE Shariah, Dow Jones Islamic Market) with scholar oversight, periodic rebalancing that removes failing stocks, and published purification guidance. Individual holdings can drift between rebalances — which is why some investors also spot-check the underlying stocks.
What is the cheapest halal ETF?
Among US-listed halal equity ETFs, SPUS currently carries the lowest expense ratio at 0.45%, with HLAL, SPRE, and SPSK at 0.50%, SPWO and SPTE at 0.55%, and UMMA at 0.65% (live figures in the table above). All cost more than conventional index funds (~0.03%) — the premium pays for screening, oversight, and a far smaller asset base.
Do halal ETFs pay dividends, and do they need purification?
Yes — the funds distribute dividends from their holdings (current yields in the table). Fund sponsors publish annual purification amounts per share for their ETFs; alternatively you can estimate using each fund's impermissible-income disclosure. It's typically a small fraction of the distribution.
Can I buy halal ETFs in a 401(k) or IRA?
In an IRA at any major broker: yes, all of these trade like normal ETFs. In a 401(k): only if your plan has a brokerage window (Fidelity BrokerageLink, Schwab PCRA) or includes a sharia fund in its menu — see our 401(k) guide for the workarounds.
Are these ETFs zakatable?
Yes — ETF holdings count toward zakatable wealth at market value like stocks. 2.5% once your total wealth meets nisab and a lunar year passes.
Halal ETF vs picking stocks myself — which is better?
ETFs give instant diversification, professional screening maintenance, and purification accounting; the cost is the expense ratio and zero say over holdings. Screened individual stocks cost nothing annually and let you avoid gray areas entirely, but you carry the monitoring burden. Many investors run a screened-ETF core with a small satellite of individually screened stocks.
Is SPY or VOO halal?
No — conventional S&P 500 funds hold banks, insurers, and other non-compliant companies (roughly a third of the index by count fails screening). SPUS exists precisely to solve this: the S&P 500 with the non-compliant names removed.
What about Amana mutual funds?
Amana's mutual funds (AMAGX growth, AMANX income) are the oldest US Islamic funds and common in 401(k) menus. As mutual funds they carry higher expense ratios (~0.9–1.1%) than the ETFs here, but they're often the only compliant option inside an employer plan.
Related: SPUS vs HLAL head-to-head · The screening framework · Which US stocks are halal?
Fund data via Yahoo Finance as of 2026-08-12; verify on issuer sites (spfunds.com, funds.wahed.com) before investing. We hold no position in and receive no compensation from any fund listed. Educational content, not investment advice or a fatwa.
Educational content, not a fatwa or financial advice. Scholarly positions differ — consult a qualified scholar for your situation.
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