Is Amplify Digital Payments ETF halal to invest in?

As of September 2026, Amplify Digital Payments ETF IPAY 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 Amplify Digital Payments 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 Amplify Digital Payments ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Amplify Digital Payments ETF updated?

The Shariah compliance status of Amplify Digital Payments 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 Amplify Digital Payments 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 Amplify Digital Payments ETF?

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

Amplify Digital Payments ETF IPAY

IPAY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Amplify Digital Payments ETF is classified as not halal.

NOT HALAL

Is Amplify Digital Payments ETF Halal?

Shariah Compliance Analysis of IPAY ETF

US Equity Financials

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

IPAY was created on 2015-07-15 by Amplify. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 226.52m in AUM and 40 holdings. IPAY tracks a market cap-weighted index of companies engaged in the global digital payments industry.

Amplify Digital Payments ETF (IPAY) Chart

Key Statistics of Amplify Digital Payments ETF (IPAY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
94.60%
Information Technology
5.08%
Other
0.32%

FAQ's for Amplify Digital Payments ETF (IPAY)

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