Is ALPS Hillman Active Value ETF halal to invest in?

As of September 2026, ALPS Hillman Active Value ETF HVAL 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 Hillman Active Value 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 Hillman Active Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ALPS Hillman Active Value ETF updated?

The Shariah compliance status of ALPS Hillman Active Value 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 Hillman Active Value 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 Hillman Active Value ETF?

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

ALPS Hillman Active Value ETF HVAL

HVAL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ALPS Hillman Active Value ETF is classified as not halal.

NOT HALAL

Is ALPS Hillman Active Value ETF Halal?

Shariah Compliance Analysis of HVAL ETF

US Equity Large Cap

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

HVAL was created on 2021-07-14 by ALPS. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 6.12m in AUM and 47 holdings. HVAL actively selects large-cap US equities believed to be value stocks with sustainable competitive advantage. Holdings are approximately equally weighted.

ALPS Hillman Active Value ETF (HVAL) Chart

Key Statistics of ALPS Hillman Active Value ETF (HVAL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Communication Services
15.04%
Information Technology
13.68%
Industrials
13.18%
Health Care
10.96%
Financials
10.70%
Other
10.14%
Consumer Staples
8.18%
Consumer Discretionary
7.21%
Materials
6.43%
Energy
2.49%
Real Estate
1.99%

FAQ's for ALPS Hillman Active Value ETF (HVAL)

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