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ETF Holdings Reviewed

Wahed FTSE USA Shariah ETF

ISIN: US92939U1079 · Ticker: HLAL · NASDAQ · Islamic Equity · United States · Manager: Wahed Invest · OCF: 0.50%

Operational Israeli exposure Operational exposure

23.2% of the top 10 holdings in companies with Israeli operations (Microsoft Corporation, Amazon.com Inc., Alphabet Inc. +1 more), above our 0% threshold. Based on the fund's top 10 disclosed holdings

1 source · 10 evidence points · 70% confidence · updated 2026-10-05

Screening Summary 1 of 7 screens assessed
Flagged (1) Fails at any revenue exposure above 0%
Israeli-linked exposure23.2%
Not yet assessed (6) Weapons, Gambling, Alcohol, Tobacco, Adult Entertainment, Conventional Finance
WeaponsNot yet assessed
GamblingNot yet assessed
AlcoholNot yet assessed
TobaccoNot yet assessed
Adult EntertainmentNot yet assessed
Conventional FinanceNot yet assessed

Fund Details

Fund Manager
Wahed Invest
OCF / TER
0.50%
Benchmark
FTSE USA Shariah Index
Distribution
Distributing
UCITS
No
Domicile
United States
Currency
USD
Launch Date
2019-07-16

Objective: Track the FTSE USA Shariah Index providing Shariah-compliant exposure to US equities

Holdings

200
Total Holdings
58%
Top 10 Concentration

Top Holdings

AppleMicrosoftNVIDIAAmazonAlphabetMetaTeslaBroadcomEli LillyJohnson & Johnson

Sector Allocation

Technology
46%
Healthcare
14%
Consumer Discretionary
13%
Industrials
11%
Other
16%

Geographic Allocation

United States
100%

Sharia Assessment

Pending
Business Activity
Pending
Financial Ratios

Methodology: FTSE Shariah Index Series / Yasaar Ltd

⚖️
Disclaimer Grow Halal provides Shariah compliance screening tools for informational purposes. We do not issue fatwas or religious rulings. Consult a qualified Shariah advisor to confirm compliance for your personal circumstances.

Sources (1)

Fund Factsheet2026-05-3180%View →

Monitoring

Active
2026-10-05
Last Reviewed
2027-01-05
Next Review
Monthly
Review Cycle

Research Timeline

Published holdings-based screening: Israeli-linked exposure via top holdings.2026-10-05
Fund profile imported2026-06-28

Research Timeline

2026-10-05
Published holdings-based screening: Israeli-linked exposure via top holdings.
2026-06-28
Fund profile imported

Evidence Sources

Fund Factsheet2026-05-3180%View →

Confidence Breakdown

Evidence Volume
10 points
Source Diversity
1 source
Data Freshness
Updated 2026-10-05
Screening Completeness
14% complete

Why This Assessment Could Change

△Fund manager changes investment objective or benchmark
△Holdings rebalance introduces new sectors
△Screening methodology or Sharia board changes
△OCF or fee structure materially changes
△New factsheet or annual report publication

Related Guides

How We Assessed This

1Verified fund identity, manager, benchmark and domicile
2Reviewed the disclosed top holdings for Israeli-linked companies
Read the full Research Standard →

Frequently Asked Questions

Is Wahed FTSE USA Shariah ETF Sharia-compliant?

Our current assessment is "Needs Review". This fund uses FTSE Shariah Index Series / Yasaar Ltd. Compliance depends on the screening provider and may differ across scholars.

Where can I buy Wahed FTSE USA Shariah ETF?

Most UK investment platforms offer access to this fund. Check Hargreaves Lansdown, AJ Bell, Interactive Investor, or Vanguard. We do not receive referral fees.

What are the fees?

The Ongoing Charges Figure (OCF) is 0.50%. Lower fees compound significantly over time.

Can I request updated research?

Yes. If you believe this assessment is outdated or have new evidence, you can request a review by emailing hello@growhalal.co.uk. We review all requests.

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✓ Grow Halal Research Standard v2.0

This investigation follows the Grow Halal Research Standard — an evidence-based methodology prioritising transparency, source diversity, and continuous monitoring. Read our methodology →