Is ALPS Electrification Infrastructure ETF halal to invest in?

As of September 2026, ALPS Electrification Infrastructure ETF ELFY 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 ALPS Electrification Infrastructure 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 ALPS Electrification Infrastructure ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ALPS Electrification Infrastructure ETF updated?

The Shariah compliance status of ALPS Electrification Infrastructure 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 ALPS Electrification Infrastructure 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 ALPS Electrification Infrastructure ETF?

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

ALPS Electrification Infrastructure ETF ELFY

ELFY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ALPS Electrification Infrastructure ETF is classified as not halal.

NOT HALAL

Is ALPS Electrification Infrastructure ETF Halal?

Shariah Compliance Analysis of ELFY ETF

US Equity Theme

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

ELFY was created on 2025-04-09 by ALPS. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 111.49m in AUM and 102 holdings. ELFY tracks an index of large- and mid-cap companies benefiting from electrification, focusing on sectors aligned with the transformation to electrical power. Holdings are selected by market-cap and equally weighted within the portfolio.

ALPS Electrification Infrastructure ETF (ELFY) Chart

Key Statistics of ALPS Electrification Infrastructure ETF (ELFY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for ALPS Electrification Infrastructure ETF (ELFY)

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