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AlphaClone Alternative Alpha ETF ALFA

Is AlphaClone Alternative Alpha ETF Halal?

Shariah Compliance Analysis of ALFA ETF

No. As of October 2026, AlphaClone Alternative Alpha ETF (ALFA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ALFA was created on 2012-05-31 by AlphaClone. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 17.07m in AUM and 49 holdings. ALFA tracks an index that aims to deliver outperformance by mimicking hedge funds' positions in US equities. The index relies on lagged published holdings to determine long exposure.

ALFA Shariah Compliance

As of October 2026, AlphaClone Alternative Alpha ETF is classified as not halal.

NOT HALAL

AlphaClone Alternative Alpha ETF (ALFA) Chart

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