Wahed FTSE USA Shariah ETF (HLAL) is a ESG ETF. As of October 28, 2026, ETF Copilot scores HLAL 7.3 out of 10 — highest on Quality (9.8), lowest on Value (2.8). It trades at 27.5 times earnings, against its own median of 26.1. Its ten largest holdings are 59% of the fund.
What stands out in HLAL's data
U.S. stocks screened for Shariah compliance, blending growth with ethical guidelines.
Trades at a richer price than most peers — you pay more for the same earnings stream.
Trailing EBITDA multiple of 20.8x puts it among the most expensive in the ESG category, where the median is 15.9x. Return on invested capital of 32.0% sits above the category norm of 24.3%.
An ethical-growth tilt for a portfolio that already holds a broad U.S. core.
How is HLAL rated? ETF Copilot scores Wahed FTSE USA Shariah ETF (HLAL) 7.3 out of 10
As of October 28, 2026, ETF Copilot scores Wahed FTSE USA Shariah ETF (HLAL) 7.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.3 / 10
- Growth: 8.8 / 10
- Value: 2.8 / 10
- Risk: 6.4 / 10
- Quality: 9.8 / 10
- Return: 7.8 / 10
Is HLAL expensive right now? It trades at 27.5 times earnings, against its own median of 26.1
As of October 28, 2026, HLAL is more expensive than 65% of its own last 7 years.
Trailing 12 months, built from HLAL's holdings. How we calculate this →
What's inside HLAL? 66% Tech
What's inside HLAL: Size (Large 97%, Mid 3%, Small 0%); Geography (International 3%, US 97%); Tech 65.9%; Magnificent 7 50.2%; AI 32.5%; Semiconductors 27.6%; Memory 23.0%.
What are HLAL's top holdings? The ten largest are 59% of the fund
Nvidia, Apple, Microsoft, Alphabet, Broadcom, Exxonmobil, Facebook, Tesla and Micron Technology are HLAL's largest holdings, in that order.
More concentrated than 97% of ESG ETFs.
Half of HLAL's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 19 equally weighted holdings.
What is HLAL's expense ratio? 0.50% a year
As of October 28, 2026, HLAL charges 0.50% a year, yields 0.34% and holds $980M in assets across 198 positions.
| Measure | HLAL |
|---|---|
| Expense ratio | 0.50% |
| Dividend yield | 0.34% |
| Assets under management | $980M |
| Holdings | 198 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Wahed FTSE USA Shariah ETF (HLAL) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/hlal
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