Fund
Is Nasdaq-100 ETF (QQQ) halal?
Not permissible
Read our methodology and editorial policy.
Short answer
QQQ tracks the Nasdaq-100, which includes companies that fail standard shariah screens. As a single instrument, it cannot be made compliant. Use a screened halal equity ETF for similar exposure.
The reasoning
Index funds inherit the screening status of their holdings. QQQ's basket contains non-compliant names.
Halal alternatives — HLAL, SPUS, ISDU — apply AAOIFI-style screening and remove non-compliant holdings while keeping broad US equity exposure.
Conditions
- For shariah-compliant US equity exposure, use HLAL, SPUS, or ISDU.
Red flags
- Buying QQQ for halal US equity exposure.