The best Sharia-compliant ETFs

How to invest in Sharia-compliant companies using ETFs

0.30% p.a. - 0.75% p.a.
annual total expense ratio (TER) of Sharia-compliant ETFs
on Sharia-compliant companies, which are tracked by ETFs
on Sharia-compliant companies
 
The best indices for Sharia-compliant ETFs

How do I invest in Sharia-compliant companies?

The Sharia includes all religious and legal principles, mechanisms for setting norms and rules for the interpretation of the Islamic belief. From the religious practice, rules which are applicable to investments in global capital markets can be derived.

These rules can also be applied to indices. Since income from loans is considered incompatible with Sharia law, Western financial companies are usually excluded from such indices. Companies also have to demonstrate a certain degree of stability and therefore must not exceed defined limits of indebtedness or leverage. Additionally, there are several exclusion criteria for non-Sharia-compliant industries and sectors which are very similar to sustainable indices. As a result, Sharia-compliant indices contain a large number of companies from the healthcare and technology sectors. The index guidelines are monitored by an advisory board of renown Sharia experts.

In this investment guide, you will find ETFs that offer access to Sharia-compliant investment. Currently, there are 12 indices available tracked by 12 ETFs.
 

MSCI World Islamic performance

1 month: 1.10%
1 year: 20.05%
3 years: 35.08%
5 years: 71.39%
 

Sharia-compliant ETFs in comparison

The most important factors at a glance

When choosing a Sharia-compliant ETF one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all Sharia-compliant ETFs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all Sharia-compliant ETFs in detail
Compare all Sharia-compliant ETFs in a chart

Provider
ISIN
  Fund size
in m GBP
TER
in %
Use of profits Fund domicile Replication method
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF AccIE000UOXRAM8 849 0.40% p.a. Accumulating Ireland Full replication
iShares MSCI World Islamic UCITS ETFIE00B27YCN58 773 0.30% p.a. Distributing Ireland Full replication
iShares MSCI Emerging Markets Islamic UCITS ETFIE00B27YCP72 373 0.35% p.a. Distributing Ireland Full replication
iShares MSCI USA Islamic UCITS ETFIE00B296QM64 252 0.30% p.a. Distributing Ireland Optimized sampling
HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF USD (Acc)IE0009BC6K22 93 0.35% p.a. Accumulating Ireland Full replication
HSBC MSCI Europe Islamic Screened UCITS ETF EUR (Acc)IE000AGFZM58 88 0.30% p.a. Accumulating Ireland Full replication
HSBC MSCI World Islamic Screened UCITS ETF USD (Acc)IE000X9FTI22 57 0.30% p.a. Accumulating Ireland Full replication
HSBC MSCI USA Islamic Screened UCITS ETF USD (Acc)IE000I5NV504 38 0.30% p.a. Accumulating Ireland Full replication
HSBC MSCI Japan Islamic Screened UCITS ETF USD (Acc)IE0001XCFC82 32 0.30% p.a. Accumulating Ireland Full replication
HANetf Saturna Al-Kawthar Global Focused Equity UCITS ETF AccIE00BMYMHS24 13 0.75% p.a. Accumulating Ireland Sampling
Invesco MSCI ACWI Islamic M-Series UCITS ETF AccIE000LFC57H7 5 0.35% p.a. Accumulating Ireland Optimized sampling
Wahed S&P 500 Shariah UCITS ETF AccIE000QF8TEK7 - 0.49% p.a. Accumulating Ireland Full replication

Source: justETF.com; As of 08/03/2026

 

Return comparison of all Sharia-compliant ETFs

The table shows the returns of all Sharia-compliant ETFs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best ETFs, you can also perform a chart comparison.

Source: justETF.com; As of 28/02/2026; Calculations in GBP including dividends