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).

ARK Next Generation Internet ETF

ARKW: Is ARK Next Generation Internet ETF Halal?

Not Halal

ARK Next Generation Internet ETF

CBOEFinancial ServicesUS

$144.01

-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鈥檚 investment theme of next generation internet.

Sector: Financial Services 路 Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Basket-weighted haram holdings exceed 5% (21.8%)

Basket Composition

95% of basket screened

ETFs 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.

71%
22%
Halal71%
Doubtful3%
Haram22%
Unknown4%

Top Holdings

TSLATesla Inchalal9.60%AMDAdvanced Micro Devices Inchalal7.04%ARKBARK 21Shares Bitcoin ETFhalal6.38%ROKURoku Inchalal5.49%HOODRobinhood Markets Incharam4.46%SHOPShopify Inchalal4.37%COINCoinbase Global Inchalal4.25%GOOGLAlphabet Inchalal3.54%PLTRPalantir Technologies Incharam2.88%TSMTSMChalal2.87%

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

1.8B

Price

$144.01

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:

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$388.60

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$60.61

+0.47%

AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

Inflection Point Acquisition Corp. III
IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

Axiom Intelligence Acquisition Corp 1
AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

F

V

Visa Inc.

A

MA

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C

BAC

Bank of America Corporation

F

WFC

Wells Fargo & Company

F
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Frequently Asked Questions

Is ARK Next Generation Internet ETF (ARKW) halal to invest in?
ARK Next Generation Internet ETF (ARKW) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did ARK Next Generation Internet ETF get a F compliance rating?
ARK Next Generation Internet ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.
What could change ARK Next Generation Internet ETF's Shariah verdict?
ARK Next Generation Internet ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.
How often is ARK Next Generation Internet ETF re-screened for Shariah compliance?
ARK Next Generation Internet ETF (ARKW) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.