Is AlphaClone Alternative Alpha ETF halal to invest in?

As of September 2026, AlphaClone Alternative Alpha ETF ALFA 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 AlphaClone Alternative Alpha 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 AlphaClone Alternative Alpha ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for AlphaClone Alternative Alpha ETF updated?

The Shariah compliance status of AlphaClone Alternative Alpha 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 AlphaClone Alternative Alpha 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 AlphaClone Alternative Alpha ETF?

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

AlphaClone Alternative Alpha ETF ALFA

ALFA Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is AlphaClone Alternative Alpha ETF Halal?

Shariah Compliance Analysis of ALFA ETF

US Equity Total Market

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

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.

AlphaClone Alternative Alpha ETF (ALFA) Chart

Key Statistics of AlphaClone Alternative Alpha ETF (ALFA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
20.93%
Industrials
19.82%
Consumer Discretionary
19.36%
Materials
10.82%
Health Care
6.52%
Communication Services
6.31%
Other
5.31%
Utilities
2.42%
Consumer Staples
2.41%
Financials
2.38%
Real Estate
2.11%
Energy
1.61%

FAQ's for AlphaClone Alternative Alpha ETF (ALFA)

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