Is ARK Next Generation Internet ETF (ARKW) halal? Not Halal. Based on AAOIFI screening, ARK Next Generation Internet ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
ARKW — Is ARK Next Generation Internet ETF Halal?
Not HalalARK Next Generation Internet ETF
$146.45
-2.02%
About ARK Next Generation Internet ETF
ARKW is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and U.S. exchange-traded foreign equity securities of companies that are relevant to the Fund’s investment theme of next generation internet.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
Based on AAOIFI screening standards
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (7.3%)
Basket Composition
85% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Top Holdings
Compliance History
Not Halalnow
current status
Under Review
until the change above
Not Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
1.6B
Price
$146.45
Sector
Financial Services
Industry
Asset Management
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.