Is Essential 40 Stock ETF halal to invest in?

As of September 2026, Essential 40 Stock ETF ESN 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 Essential 40 Stock 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 Essential 40 Stock ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Essential 40 Stock ETF updated?

The Shariah compliance status of Essential 40 Stock 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 Essential 40 Stock 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 Essential 40 Stock ETF?

You can check the latest Shariah compliance status of Essential 40 Stock ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Essential 40 Stock ETF ESN

ESN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Essential 40 Stock ETF is classified as not halal.

NOT HALAL

Is Essential 40 Stock ETF Halal?

Shariah Compliance Analysis of ESN ETF

US Equity Large Cap

No. As of September 2026, Essential 40 Stock ETF (ESN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Essential 40 Stock ETF does not pass Musaffa's business and financial screening criteria.

ESN was created on 2024-10-21 by KKM Financial. The fund's investment portfolio concentrates primarily on large cap equity. ESN attempts to track an index of 40 US blue-chip stocks that are deemed essential to the US economy by the index provider. Holdings are equally weighted in the index.

Essential 40 Stock ETF (ESN) Chart

Key Statistics of Essential 40 Stock ETF (ESN)

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FAQ's for Essential 40 Stock ETF (ESN)

As of September 2026, Essential 40 Stock ETF ESN 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 Essential 40 Stock ETF using these criteria to determine its compliance status.
The Shariah compliance status of Essential 40 Stock 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 Essential 40 Stock ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.