Is ARK Israel Innovative Technology ETF halal to invest in?

As of September 2026, ARK Israel Innovative Technology ETF IZRL 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 ARK Israel Innovative Technology 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 ARK Israel Innovative Technology ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ARK Israel Innovative Technology ETF updated?

The Shariah compliance status of ARK Israel Innovative Technology 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 ARK Israel Innovative Technology 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 ARK Israel Innovative Technology ETF?

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

ARK Israel Innovative Technology ETF IZRL

IZRL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ARK Israel Innovative Technology ETF is classified as not halal.

NOT HALAL

Is ARK Israel Innovative Technology ETF Halal?

Shariah Compliance Analysis of IZRL ETF

US Equity Theme

No. As of September 2026, ARK Israel Innovative Technology ETF (IZRL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ARK Israel Innovative Technology ETF does not pass Musaffa's business and financial screening criteria.

IZRL was created on 2017-12-05 by ARK. The fund's investment portfolio concentrates primarily on theme equity. IZRL tracks an equally weighted index of Israeli companies causing advancements in the areas of genomics, health care, biotechnology, industrials, manufacturing, and IT.

ARK Israel Innovative Technology ETF (IZRL) Chart

Key Statistics of ARK Israel Innovative Technology ETF (IZRL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
51.39%
Other
22.05%
Health Care
7.96%
Industrials
6.27%
Communication Services
5.80%
Consumer Staples
2.61%
Financials
2.02%
Consumer Discretionary
1.90%

FAQ's for ARK Israel Innovative Technology ETF (IZRL)

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