Is Invesco Nasdaq Free Cash Flow Achievers ETF halal to invest in?

As of September 2026, Invesco Nasdaq Free Cash Flow Achievers ETF QOWZ is classified as doubtful 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 Invesco Nasdaq Free Cash Flow Achievers 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 Invesco Nasdaq Free Cash Flow Achievers ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Invesco Nasdaq Free Cash Flow Achievers ETF updated?

The Shariah compliance status of Invesco Nasdaq Free Cash Flow Achievers 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 Invesco Nasdaq Free Cash Flow Achievers 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 Invesco Nasdaq Free Cash Flow Achievers ETF?

You can check the latest Shariah compliance status of Invesco Nasdaq Free Cash Flow Achievers ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Invesco Nasdaq Free Cash Flow Achievers ETF QOWZ

QOWZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Invesco Nasdaq Free Cash Flow Achievers ETF is classified as doubtful.

DOUBTFUL

Is Invesco Nasdaq Free Cash Flow Achievers ETF Halal?

Shariah Compliance Analysis of QOWZ ETF

US Equity Total Market

No. As of September 2026, Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Invesco Nasdaq Free Cash Flow Achievers ETF does not fully pass Musaffa's business and financial screening criteria.

QOWZ was created on 2023-12-06 by Invesco. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 14.5m in AUM and 51 holdings. QOWZ is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) Chart

Key Statistics of Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
52.44%
Industrials
14.08%
Health Care
10.84%
Communication Services
8.22%
Financials
6.05%
Consumer Discretionary
5.22%
Energy
1.69%
Consumer Staples
1.13%
Materials
0.22%
Other
0.11%

FAQ's for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)

As of September 2026, Invesco Nasdaq Free Cash Flow Achievers ETF QOWZ is classified as doubtful 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 Invesco Nasdaq Free Cash Flow Achievers ETF using these criteria to determine its compliance status.
The Shariah compliance status of Invesco Nasdaq Free Cash Flow Achievers 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 Invesco Nasdaq Free Cash Flow Achievers ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.