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Alger Russell Innovation ETF INVN

Is Alger Russell Innovation ETF Halal?

Shariah Compliance Analysis of INVN ETF

No. As of October 2026, Alger Russell Innovation ETF (INVN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

INVN was created on 2025-01-07 by Alger. The fund's investment portfolio concentrates primarily on large cap equity. INVN tracks an equal-weighted index of 50 US stocks selected from the Russell 1000 through a fundamental approach. The fund seeks to identify companies at the forefront of innovation.

INVN Shariah Compliance

As of October 2026, Alger Russell Innovation ETF is classified as not halal.

NOT HALAL

Alger Russell Innovation ETF (INVN) Chart

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