Blog
Practical writing on halal investing, from Shariah stock reviews to purification, portfolio building, and screening methodology.
Investing Guides
Is QQQ Halal?
QQQ is not Shariah compliant. Roughly a quarter of the Nasdaq-100 by weight fails AAOIFI, mostly on what those companies do rather than what they owe.
Is SPUS Halal? Inside a Purpose-Built Shariah Fund
SPUS is built to a Shariah mandate and screens 88.7% compliant by weight under strict AAOIFI. One holding, Microsoft, is most of the divergence.
Is VOO Halal? The S&P 500 Under AAOIFI
VOO is not Shariah compliant. Over a third of the S&P 500 by weight fails AAOIFI, most of it the one sector the index cannot avoid: conventional finance.
SPUS vs HLAL: Two Halal ETFs, Screened Side by Side
SPUS and HLAL are the two main US halal equity ETFs. Under one AAOIFI screen they share 133 holdings, and the same stock is the largest failure in each.
Are Leveraged ETFs Halal? TQQQ, SOXL, and the Options-Income Funds
Leveraged, inverse, and options-income ETFs fail AAOIFI on structure, not holdings. Swaps, margin, and options are the problem, not the companies.
Is SCHD Halal? The Dividend Trap for Muslim Investors
SCHD is not Shariah compliant. It fails harder than the S&P 500 because high-dividend stocks cluster in prohibited sectors: tobacco, defense, and banks.
Is SMH Halal? The Semiconductor ETF That Screens Clean
SMH is a rare mainstream ETF where every holding passes AAOIFI. Semiconductors screen clean, but SMH is not a mandate fund, so it can drift over time.
Is VTI Halal? The Total Market Under AAOIFI
VTI is not Shariah compliant. Owning the entire US market means owning its whole financial sector, and the small-cap tail makes it slightly worse.
Is There a Halal Way Into Real Estate Stocks?
Why HLAL Failed 22 AAOIFI Screens
Halal Stock Screening's Data Problem
Getting Started with Halal Investing: A Beginner's Guide
Stock Reviews
Is Micron Stock Halal in October 2026?
Micron (MU) is COMPLIANT under AAOIFI: debt is 0.28% of market cap and prohibited income 0.81%. Its $73.5B cash pile is 6.3% of a $1.16T value.
Is AST SpaceMobile Stock Halal?
AST SpaceMobile (ASTS) is NON-COMPLIANT. Interest on its cash is 43.2% of total income. The satellite-to-phone business is permissible but pre-commercial.
Is Rocket Lab Stock Halal?
Rocket Lab (RKLB) is NON-COMPLIANT under AAOIFI. Its missile-defense and hypersonic-weapons work fails the activity screen, and interest is 5.53%.
Is ServiceNow Stock Halal?
ServiceNow (NOW) is COMPLIANT under AAOIFI. Debt rose to 7.36% after the $7.6B Armis deal; cash is 6.57% and interest income 2.50%.
Is AXT Stock Halal?
AXT (AXTI) is COMPLIANT under AAOIFI, but interest is 4.72% of total income against a 5% cap, and a $632.5M share sale left it with $748.9M of cash.
Is Celestica Stock Halal?
Celestica (CLS) is COMPLIANT under AAOIFI with debt at 1.93% of market cap. The question is its defence electronics unit, which passes the activity screen.
Is Grab Stock Halal?
Grab (GRAB) is NON-COMPLIANT under AAOIFI. Cash is 62.1% of market cap and its digital banks push prohibited income to 14.5% of total income.
Is Hewlett Packard Enterprise Stock Halal?
Hewlett Packard Enterprise (HPE) is COMPLIANT under AAOIFI with debt at 28.9% of market cap. It is also a BDS priority boycott target.