Is iShares Top 20 U.S. Stocks ETF halal to invest in?

As of September 2026, iShares Top 20 U.S. Stocks ETF TOPT 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 iShares Top 20 U.S. Stocks 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 iShares Top 20 U.S. Stocks ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Top 20 U.S. Stocks ETF updated?

The Shariah compliance status of iShares Top 20 U.S. Stocks 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 iShares Top 20 U.S. Stocks 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 iShares Top 20 U.S. Stocks ETF?

You can check the latest Shariah compliance status of iShares Top 20 U.S. Stocks ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares Top 20 U.S. Stocks ETF TOPT

TOPT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Top 20 U.S. Stocks ETF is classified as not halal.

NOT HALAL

Is iShares Top 20 U.S. Stocks ETF Halal?

Shariah Compliance Analysis of TOPT ETF

US Equity Large Cap

No. As of September 2026, iShares Top 20 U.S. Stocks ETF (TOPT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Top 20 U.S. Stocks ETF does not pass Musaffa's business and financial screening criteria.

TOPT was created on 2024-10-23 by iShares. The fund's investment portfolio concentrates primarily on large cap equity. TOPT seeks to mirror the performance of an index comprising the top 20 largest US firms by market-cap in the S&P 500. The companies are weighted by their float-adjusted market-cap.

iShares Top 20 U.S. Stocks ETF (TOPT) Chart

Key Statistics of iShares Top 20 U.S. Stocks ETF (TOPT)

Today's Open

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Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for iShares Top 20 U.S. Stocks ETF (TOPT)

As of September 2026, iShares Top 20 U.S. Stocks ETF TOPT 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 iShares Top 20 U.S. Stocks ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares Top 20 U.S. Stocks 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 iShares Top 20 U.S. Stocks ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.