Is Schwab 1000 Index ETF halal to invest in?

As of September 2026, Schwab 1000 Index ETF SCHK 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 Schwab 1000 Index 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 Schwab 1000 Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Schwab 1000 Index ETF updated?

The Shariah compliance status of Schwab 1000 Index 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 Schwab 1000 Index 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 Schwab 1000 Index ETF?

You can check the latest Shariah compliance status of Schwab 1000 Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Schwab 1000 Index ETF SCHK

SCHK Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Schwab 1000 Index ETF is classified as not halal.

NOT HALAL

Is Schwab 1000 Index ETF Halal?

Shariah Compliance Analysis of SCHK ETF

US Equity Large Cap

No. As of September 2026, Schwab 1000 Index ETF (SCHK) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Schwab 1000 Index ETF does not pass Musaffa's business and financial screening criteria.

SCHK was created on 2017-10-11 by Schwab. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 4906.55m in AUM and 997 holdings. SCHK tracks a proprietary market-cap-weighted index that includes 1,000 of the largest US-listed stocks.

Schwab 1000 Index ETF (SCHK) Chart

Key Statistics of Schwab 1000 Index ETF (SCHK)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
30.82%
Financials
11.79%
Health Care
11.33%
Consumer Discretionary
10.08%
Industrials
9.52%
Communication Services
6.86%
Consumer Staples
5.53%
Energy
3.49%
Other
3.32%
Materials
2.50%
Real Estate
2.45%
Utilities
2.31%

FAQ's for Schwab 1000 Index ETF (SCHK)

As of September 2026, Schwab 1000 Index ETF SCHK 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 Schwab 1000 Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Schwab 1000 Index 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 Schwab 1000 Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.