Is ALPS Clean Energy ETF halal to invest in?

As of September 2026, ALPS Clean Energy ETF ACES is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is ALPS Clean Energy ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes ALPS Clean Energy ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ALPS Clean Energy ETF updated?

The Shariah compliance status of ALPS Clean Energy ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like ALPS Clean Energy ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of ALPS Clean Energy ETF?

You can check the latest Shariah compliance status of ALPS Clean Energy ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ALPS Clean Energy ETF ACES

ACES Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ALPS Clean Energy ETF is classified as not halal.

NOT HALAL

Is ALPS Clean Energy ETF Halal?

Shariah Compliance Analysis of ACES ETF

US Equity Theme

No. As of September 2026, ALPS Clean Energy ETF (ACES) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ALPS Clean Energy ETF does not pass Musaffa's business and financial screening criteria.

ACES was created on 2018-06-28 by ALPS. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 112.35m in AUM and 39 holdings. ACES tracks an index of US- and Canada-listed companies in the clean energy industry.

ALPS Clean Energy ETF (ACES) Chart

Key Statistics of ALPS Clean Energy ETF (ACES)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Utilities
21.69%
Industrials
18.27%
Information Technology
15.10%
Materials
14.29%
Consumer Discretionary
14.21%
Consumer Staples
7.20%
Financials
3.90%
Other
2.99%
Energy
2.35%

FAQ's for ALPS Clean Energy ETF (ACES)

As of September 2026, ALPS Clean Energy ETF ACES is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes ALPS Clean Energy ETF using these criteria to determine its compliance status.
The Shariah compliance status of ALPS Clean Energy ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of ALPS Clean Energy ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.