NASDAQWahed Invest LLC
Is HLAL halal?
Wahed FTSE USA Shariah ETF (HLAL) is a shariah-screened ETF from Wahed Invest LLC, tracking the FTSE USA Shariah Index with shariah oversight by Wahed's Shari'ah Supervisory Board (Sheikh Muhammad Ahmad, chair, at an expense ratio of 0.50%, from the issuer's own documents as of July 22, 2026.
Wahed HLAL fund page + Q2 2026 factsheet + SSB Report 2024 (Shariyah Review Bureau). Checked Jul 22, 2026.
TracksFTSE USA Shariah Index
Screening standardFTSE Shariah screening by Yasaar Limited: sector exclusions (alcohol, weapons, conventional finance, adult entertainment, gambling, tobacco, impure foodstock) plus ratios per factsheet, debt <33% of total assets, cash + interest-bearing items <33% of total assets, receivables + cash <50% of total assets, interest + non-compliant income <5% of revenue
Shariah reviewWahed's Shari'ah Supervisory Board (Sheikh Muhammad Ahmad, chair; Shaikh Dr. Sajid Umar; Shaikh Dr. Mohamad Akram Laldin), reports via Shariyah Review Bureau; index separately certified via Yasaar Limited
Yearly fee0.50%
Assets$925 million. As of Jun 30, 2026
PurificationWahed publishes a Quarterly Purification on HLAL Dividends file on the fund page (latest as of June 30, 2026) with per-dividend purification amounts
HoldsUS large- and mid-cap Shariah-compliant equities (212 holdings; heavy technology weighting per factsheet)