Is Invesco Russell 1000 Equal Weight ETF halal to invest in?

As of September 2026, Invesco Russell 1000 Equal Weight ETF EQAL 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 Invesco Russell 1000 Equal Weight 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 Invesco Russell 1000 Equal Weight ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Invesco Russell 1000 Equal Weight ETF updated?

The Shariah compliance status of Invesco Russell 1000 Equal Weight 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 Invesco Russell 1000 Equal Weight 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 Invesco Russell 1000 Equal Weight ETF?

You can check the latest Shariah compliance status of Invesco Russell 1000 Equal Weight ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Invesco Russell 1000 Equal Weight ETF EQAL

EQAL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Invesco Russell 1000 Equal Weight ETF is classified as not halal.

NOT HALAL

Is Invesco Russell 1000 Equal Weight ETF Halal?

Shariah Compliance Analysis of EQAL ETF

US Equity Large Cap

No. As of September 2026, Invesco Russell 1000 Equal Weight ETF (EQAL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Invesco Russell 1000 Equal Weight ETF does not pass Musaffa's business and financial screening criteria.

EQAL was created on 2014-12-23 by Invesco. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 693.84m in AUM and 998 holdings. EQAL tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight.

Invesco Russell 1000 Equal Weight ETF (EQAL) Chart

Key Statistics of Invesco Russell 1000 Equal Weight ETF (EQAL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
12.83%
Financials
10.25%
Industrials
9.93%
Materials
9.60%
Health Care
8.98%
Energy
8.77%
Consumer Staples
8.49%
Real Estate
8.37%
Utilities
8.07%
Consumer Discretionary
6.84%
Communication Services
5.92%
Other
1.95%

FAQ's for Invesco Russell 1000 Equal Weight ETF (EQAL)

As of September 2026, Invesco Russell 1000 Equal Weight ETF EQAL 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 Invesco Russell 1000 Equal Weight ETF using these criteria to determine its compliance status.
The Shariah compliance status of Invesco Russell 1000 Equal Weight 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 Invesco Russell 1000 Equal Weight ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.