Is VanEck Africa Index ETF halal to invest in?

As of September 2026, VanEck Africa Index ETF AFK 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 VanEck Africa Index 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 VanEck Africa Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for VanEck Africa Index ETF updated?

The Shariah compliance status of VanEck Africa Index 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 VanEck Africa Index 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 VanEck Africa Index ETF?

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

VanEck Africa Index ETF AFK

AFK Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, VanEck Africa Index ETF is classified as not halal.

NOT HALAL

Is VanEck Africa Index ETF Halal?

Shariah Compliance Analysis of AFK ETF

US Equity Total Market

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

AFK was created on 2008-07-10 by VanEck. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 108.25m in AUM and 71 holdings. AFK tracks a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa.

VanEck Africa Index ETF (AFK) Chart

Key Statistics of VanEck Africa Index ETF (AFK)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
30.12%
Materials
19.52%
Other
18.36%
Communication Services
11.42%
Consumer Discretionary
9.30%
Energy
5.08%
Consumer Staples
4.58%
Health Care
0.64%
Industrials
0.53%
Real Estate
0.32%
Utilities
0.13%

FAQ's for VanEck Africa Index ETF (AFK)

As of September 2026, VanEck Africa Index ETF AFK 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 VanEck Africa Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of VanEck Africa Index 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 VanEck Africa Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.