Is LeaderShares AlphaFactor US Core Equity ETF halal to invest in?

As of September 2026, LeaderShares AlphaFactor US Core Equity ETF LSAF 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 LeaderShares AlphaFactor US Core Equity 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 LeaderShares AlphaFactor US Core Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for LeaderShares AlphaFactor US Core Equity ETF updated?

The Shariah compliance status of LeaderShares AlphaFactor US Core Equity 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 LeaderShares AlphaFactor US Core Equity 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 LeaderShares AlphaFactor US Core Equity ETF?

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

LeaderShares AlphaFactor US Core Equity ETF LSAF

LSAF Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, LeaderShares AlphaFactor US Core Equity ETF is classified as not halal.

NOT HALAL

Is LeaderShares AlphaFactor US Core Equity ETF Halal?

Shariah Compliance Analysis of LSAF ETF

US Equity Large Cap

No. As of September 2026, LeaderShares AlphaFactor US Core Equity ETF (LSAF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. LeaderShares AlphaFactor US Core Equity ETF does not pass Musaffa's business and financial screening criteria.

LSAF was created on 2018-10-02 by LeaderShares. The fund's investment portfolio concentrates primarily on large cap equity. LSAF tracks an equal-weighted index of US stocks selected by multiple fundamental factors.

LeaderShares AlphaFactor US Core Equity ETF (LSAF) Chart

Key Statistics of LeaderShares AlphaFactor US Core Equity ETF (LSAF)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
26.37%
Financials
21.32%
Industrials
16.79%
Information Technology
9.14%
Health Care
6.75%
Materials
5.85%
Consumer Staples
3.82%
Energy
3.13%
Communication Services
2.95%
Real Estate
1.86%
Utilities
1.03%
Other
0.99%

FAQ's for LeaderShares AlphaFactor US Core Equity ETF (LSAF)

As of September 2026, LeaderShares AlphaFactor US Core Equity ETF LSAF 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 LeaderShares AlphaFactor US Core Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of LeaderShares AlphaFactor US Core Equity 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 LeaderShares AlphaFactor US Core Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.