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Alger AI Enablers & Adopters ETF ALAI

Is Alger AI Enablers & Adopters ETF Halal?

Shariah Compliance Analysis of ALAI ETF

No. As of October 2026, Alger AI Enablers & Adopters ETF (ALAI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

ALAI Shariah Compliance

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

NOT HALAL

Alger AI Enablers & Adopters ETF (ALAI) Chart

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