Is SoFi Weekly Dividend ETF halal to invest in?

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

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

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

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

SoFi Weekly Dividend ETF WKLY

WKLY Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is SoFi Weekly Dividend ETF Halal?

Shariah Compliance Analysis of WKLY ETF

US Equity High Dividend Yield

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

WKLY was created on 2021-05-11 by SoFi. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 11.0m in AUM and 379 holdings. WKLY tracks a market-cap-weighted index of dividend-paying developed market companies screened for dividend sustainability. It is the first equity ETF to provide weekly income to shareholders.

SoFi Weekly Dividend ETF (WKLY) Chart

Key Statistics of SoFi Weekly Dividend ETF (WKLY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
26.96%
Industrials
14.45%
Energy
10.85%
Health Care
9.21%
Information Technology
7.70%
Consumer Staples
7.60%
Consumer Discretionary
5.81%
Utilities
5.70%
Communication Services
4.35%
Materials
3.72%
Real Estate
2.64%
Other
1.01%

FAQ's for SoFi Weekly Dividend ETF (WKLY)

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