Is Alger AI Enablers & Adopters ETF halal to invest in?

As of September 2026, Alger AI Enablers & Adopters ETF ALAI 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 Alger AI Enablers & Adopters 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 Alger AI Enablers & Adopters ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Alger AI Enablers & Adopters ETF updated?

The Shariah compliance status of Alger AI Enablers & Adopters 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 Alger AI Enablers & Adopters 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 Alger AI Enablers & Adopters ETF?

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

Alger AI Enablers & Adopters ETF ALAI

ALAI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Alger AI Enablers & Adopters ETF is classified as not halal.

NOT HALAL

Is Alger AI Enablers & Adopters ETF Halal?

Shariah Compliance Analysis of ALAI ETF

US Equity Theme

No. As of September 2026, Alger AI Enablers & Adopters ETF (ALAI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Alger AI Enablers & Adopters ETF does not pass Musaffa's business and financial screening criteria.

ALAI was created on 2024-04-05 by Alger. The fund's investment portfolio concentrates primarily on theme equity. ALAI is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research.

Alger AI Enablers & Adopters ETF (ALAI) Chart

Key Statistics of Alger AI Enablers & Adopters ETF (ALAI)

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FAQ's for Alger AI Enablers & Adopters ETF (ALAI)

As of September 2026, Alger AI Enablers & Adopters ETF ALAI 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 Alger AI Enablers & Adopters ETF using these criteria to determine its compliance status.
The Shariah compliance status of Alger AI Enablers & Adopters 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 Alger AI Enablers & Adopters ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.