Is ALPS Medical Breakthroughs ETF halal to invest in?

As of September 2026, ALPS Medical Breakthroughs ETF SBIO 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 ALPS Medical Breakthroughs 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 ALPS Medical Breakthroughs ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ALPS Medical Breakthroughs ETF updated?

The Shariah compliance status of ALPS Medical Breakthroughs 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 ALPS Medical Breakthroughs 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 ALPS Medical Breakthroughs ETF?

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

ALPS Medical Breakthroughs ETF SBIO

SBIO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ALPS Medical Breakthroughs ETF is classified as not halal.

NOT HALAL

Is ALPS Medical Breakthroughs ETF Halal?

Shariah Compliance Analysis of SBIO ETF

US Equity Health Care

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

SBIO was created on 2014-12-31 by ALPS. The fund's investment portfolio concentrates primarily on health care equity. The ETF currently has 126.84m in AUM and 89 holdings. SBIO tracks, a market-cap weighted index comprising US-listed biotech companies with one or more drugs currently in either Phase II or Phase III FDA clinical trials.

ALPS Medical Breakthroughs ETF (SBIO) Chart

Key Statistics of ALPS Medical Breakthroughs ETF (SBIO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
97.00%
Other
3.00%

FAQ's for ALPS Medical Breakthroughs ETF (SBIO)

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