Is Amberwave Invest USA JSG Fund halal to invest in?

As of September 2026, Amberwave Invest USA JSG Fund IUSA 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 Amberwave Invest USA JSG Fund 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 Amberwave Invest USA JSG Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Amberwave Invest USA JSG Fund updated?

The Shariah compliance status of Amberwave Invest USA JSG Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Amberwave Invest USA JSG Fund 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 Amberwave Invest USA JSG Fund?

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

Amberwave Invest USA JSG Fund IUSA

IUSA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Amberwave Invest USA JSG Fund is classified as not halal.

NOT HALAL

Is Amberwave Invest USA JSG Fund ETF Halal?

Shariah Compliance Analysis of IUSA ETF

US Equity Large Cap

No. As of September 2026, Amberwave Invest USA JSG Fund (IUSA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Amberwave Invest USA JSG Fund does not pass Musaffa's business and financial screening criteria.

IUSA was created on 2022-01-19 by Amberwave. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 1.59m in AUM and 100 holdings. IUSA actively selects US large-cap companies that score highly using a proprietary jobs, security, and growth (JSG) scoring methodology.

Amberwave Invest USA JSG Fund (IUSA) Chart

Key Statistics of Amberwave Invest USA JSG Fund (IUSA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
25.95%
Health Care
15.13%
Financials
11.56%
Consumer Discretionary
9.76%
Industrials
8.28%
Communication Services
7.66%
Consumer Staples
7.02%
Energy
5.00%
Utilities
3.06%
Materials
2.75%
Real Estate
2.73%
Other
1.10%

FAQ's for Amberwave Invest USA JSG Fund (IUSA)

As of September 2026, Amberwave Invest USA JSG Fund IUSA 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 Amberwave Invest USA JSG Fund using these criteria to determine its compliance status.
The Shariah compliance status of Amberwave Invest USA JSG Fund 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 Amberwave Invest USA JSG Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.