Is SoFi Weekly Income ETF halal to invest in?

As of September 2026, SoFi Weekly Income ETF TGIF 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 SoFi Weekly Income 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 SoFi Weekly Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SoFi Weekly Income ETF updated?

The Shariah compliance status of SoFi Weekly Income 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 SoFi Weekly Income 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 SoFi Weekly Income ETF?

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

SoFi Weekly Income ETF TGIF

TGIF Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SoFi Weekly Income ETF is classified as not halal.

NOT HALAL

Is SoFi Weekly Income ETF Halal?

Shariah Compliance Analysis of TGIF ETF

US Fixed Income Broad Credit

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

TGIF was created on 2020-10-01 by SoFi. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 17.07m in AUM and 187 holdings. TGIF is the first actively managed USD-denominated fixed income ETF aiming to provide weekly distributions to investors.

SoFi Weekly Income ETF (TGIF) Chart

Key Statistics of SoFi Weekly Income ETF (TGIF)

Today's Open

AUM

Avg. Volume

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FAQ's for SoFi Weekly Income ETF (TGIF)

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