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Halal ETF Explorer

Every halal ETF.
Explained plainly.

8 Shariah-screened ETFs plus a physically backed gold ETC, available to UK investors and compared side by side. No jargon, no guesswork.

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ISWDiShares MSCI World Islamic UCITS ETF
12.4% / yr (5yr avg)Medium risk0.3% fee / yr

The most popular halal ETF for UK investors. Holds 400+ Sharia-compliant companies across the US, Europe and Asia.

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IGDAInvesco Dow Jones Islamic Global Developed Markets UCITS ETF
10.8% / yr (5yr avg)Since launch, not 5yrMedium risk0.4% fee / yr

Broad global developed-markets diversification, run by Invesco (not iShares) via a second independent screening methodology.Annualised since launch (Jan 2022); not yet a full 5-year track record.

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ISUSiShares MSCI USA Islamic UCITS ETF
14.6% / yr (5yr avg)High risk0.3% fee / yr

Tracks Shariah-screened US companies, heavy in tech. Higher historical returns but more concentrated in one country, so more volatile.

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HIESHSBC MSCI EM Islamic Screened Capped UCITS ETF
26.7% / yr (5yr avg)Since launch, not 5yrHigh risk0.35% fee / yr

An emerging-markets fund, not a global developed fund. Higher growth potential than ISWD or IGDA, but more volatile and more exposed to currency and political risk.Annualised since launch (Jan 2023); not yet a full 5-year track record. Emerging-market funds are more volatile, recent strong performance is not a guide to the future.

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ISDEiShares MSCI Emerging Markets Islamic UCITS ETF
14.2% / yr (5yr avg)High risk0.35% fee / yr

iShares' emerging-markets Islamic fund: a similar role to HIES (growth, higher volatility) via a different index provider.

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HIWSHSBC MSCI World Islamic Screened UCITS ETF
16.4% / yr (5yr avg)Since launch, not 5yrMedium risk0.3% fee / yr

HSBC's lower-cost alternative to ISWD, covering broadly the same universe of Shariah-screened developed-market companies.Annualised since launch (Nov 2022); not yet a full 5-year track record.

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AMAPSaturna Al-Kawthar Global Focused Equity UCITS ETF
7.4% / yr (5yr avg)Since launch, not 5yrHigh risk0.75% fee / yr

A concentrated, actively managed Shariah and ESG-screened fund. Higher fees and concentration risk than an index tracker, with the potential to perform differently to the broader market.Annualised since launch (Sep 2020), not a passive-index figure: this fund is actively managed and holds far fewer companies than the index funds above.

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MWIMInvesco MSCI ACWI Islamic M-Series UCITS ETF
New, no track recordSince launch, not 5yrMedium risk0.35% fee / yr

Brand new fund combining developed and emerging markets in one wrapper. Worth watching rather than acting on immediately given the lack of track record.Launched February 2026. Too new to have any meaningful return history. UK platform availability not yet confirmed.

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IGLNiShares Physical Gold ETC
17.1% / yr (5yr avg)Approx, gold-drivenMedium risk0.12% fee / yr

Physical gold, not company shares. It won't compound like a business over the long run, but it often moves differently from stocks when markets fall, which is why some portfolios hold a slice as ballast. Its recent 5-year run is unusually strong; don't extrapolate it.The 17.1% 5-year average is annualised from IGLN's 120% 5-year total return (Yahoo Finance, July 2026) and driven by an unusually strong recent run in gold. Don't extrapolate it. Past performance isn't a guarantee of future returns.

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Compare two ETFs

Pick any two and see them side by side.

Metric
ISWD
IGDA
5-yr avg return
12.4% / yr
10.8% / yr
Annual fee (TER)
0.3% / yr
0.4% / yr
Risk level
Medium
Medium
Geography
Global: 23 developed countries
Global Developed Markets
Min. investment
£1 (fractional)
£1 (fractional)
Available on
Trading 212, InvestEngine, Hargreaves Lansdown, AJ Bell
Hargreaves Lansdown, Trading 212

Mana is an educational platform. We're not regulated by the FCA and nothing here is a personal recommendation. Everything you see (ETF illustrations, goal projections, quiz results, AI responses) is general information to help you learn. Before investing, please do your own research and consider speaking to a regulated financial adviser.

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