HLAL — Wahed FTSE USA Shariah ETF
ETF Annual Performance & Fund Metrics
Note: HLAL is a passively managed ETF, not an operating company. This report uses fund-appropriate metrics (AUM, NAV, annual return, top holdings) in place of earnings columns.
Calendar 2025 — Annual Fund Performance
| Period |
NAV (approx.) |
Annual Total Return |
AUM |
Holdings Count |
Dividend Yield |
Notes |
| FY 2025 |
~$69.97 (year-end) |
+18.30% |
~$721M–$734M |
209 |
0.55% |
Outperformed prior year; mega-cap tech drove gains |
Note: HLAL does not report quarterly earnings. The fund distributes income quarterly. Year-end NAV and AUM are approximate based on available data as of late 2025 / early 2026. Benchmark: FTSE Shariah USA Index. Expense ratio: 0.50%.
Annual Returns — Historical Context
| Year |
Annual Total Return |
Notes |
| 2021 |
+28.64% |
Strong U.S. equity bull run |
| 2022 |
−17.56% |
Broad market drawdown |
| 2023 |
+30.12% |
Tech recovery; mega-cap rally |
| 2024 |
+16.69% |
Continued AI-driven growth |
| 2025 |
+18.30% |
AI/tech tailwinds; above category avg |
| 2026 YTD |
−6.52% (est.) |
Macro uncertainty; tariff headwinds |
Top Holdings (as of Aug 31, 2025)
| Holding |
Weight |
| Microsoft Corp. |
15.49% |
| Apple Inc. |
14.10% |
| Meta Platforms |
6.65% |
| Alphabet Inc. (Class A) |
5.10% |
| Other (205 securities) |
~58.66% |
Upcoming
| Quarter |
Est. Report Date |
Est. NAV |
Est. AUM |
Source |
| Q2 2026 distribution |
~2026-Jun |
~$66–$72 (est.) |
~$800–$900M (est.) |
Analyst / fund flow estimates |
Commentary
HLAL tracks the FTSE Shariah USA Index, which screens U.S. large- and mid-cap companies for compliance with Islamic (Shariah) principles — excluding financials, alcohol, tobacco, weapons, and interest-bearing instruments. The fund delivered a +18.30% total return in 2025, above its 2024 return of +16.69%, driven primarily by outsized weighting in mega-cap technology names including Microsoft, Apple, and Meta. As of early 2026, AUM stood near $857M, reflecting steady inflows as Shariah-compliant investing gains traction among U.S. retail and institutional investors. The fund's 0.50% expense ratio is modestly above the large-blend category average, and its dividend yield of 0.55% reflects the tech-heavy, low-dividend character of its holdings.
Sources
HLAL Overview — ETFdb.com
HLAL Performance History — Yahoo Finance
HLAL Performance — Morningstar
HLAL ETF Stock Price & Overview — stockanalysis.com
HLAL Total Return CAGR — financecharts.com
HLAL — AAII.com
Generated: 2026-05-12