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ALPS Hillman Active Value ETF HVAL

Is ALPS Hillman Active Value ETF Halal?

Shariah Compliance Analysis of HVAL ETF

No. As of October 2026, ALPS Hillman Active Value ETF (HVAL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

HVAL Shariah Compliance

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

NOT HALAL

ALPS Hillman Active Value ETF (HVAL) Chart

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