ARKK
ARK Innovation ETF
Is ARKK Halal?
Innovation ETF — tech/biotech focus with some doubtful holdings.
What You Should Know
ARK Innovation's January 31, 2026 report shows $6.743 billion of assets. The fund-level balance-sheet ratios are low (liquidity 0.02%; receivables plus cash 0.98%) and disclosed interest/securities-lending income is about 0.04% of investment income, but the report does not provide a complete prohibited-revenue allocation. Technology and biotech are generally permissible; Coinbase and Block lending products remain qualitative concerns.
⚠️ Concerns
- •Coinbase exposure (crypto exchange)
- •Block Inc. lending products
- •Not Sharia-screened
Current quantitative Sharia screen
Based on N-CSRS figures for the period ended 2026-01-31; calculated 2026-07-14.
0 / 6,742.886
1.603 / 6,742.886
65.909 / 6,742.886
0.002 / 4.792
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 0.02%, receivables plus cash/assets is 0.98% and disclosed incidental income is about 0.04%; the underlying portfolio remains activity-incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables plus cash/assets are below the examined MSCI asset limits, but underlying issuer activity is not classified by a universal prohibited-revenue numerator.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia limits; the pass-through portfolio remains qualitatively and methodologically incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and a fund-level prohibited-income convention are not stored.
Business-activity disclosure
ARKK is a pass-through innovation ETF focused on technology, genomics and other disruptive businesses. Core technology and biotech activity is generally permissible, but issuer-level activities and financial ratios are not uniformly screened by the fund.
Limitation: The report provides holdings and income lines but no school-neutral prohibited-revenue allocation for every underlying issuer.
Purification
ARKK discloses incidental securities-lending income, but no scholar-approved purification percentage is inferred from the aggregate fund distribution.
Inputs, assumptions and primary sources
- Amounts are USD millions from ARKK's January 31, 2026 shareholder report.
- The report shows USD 6,742.886 million of total assets, USD 0.002 million of cash, USD 1.601 million in Treasury money-market funds and USD 65.907 million of listed receivables.
- Securities-lending income is used as the disclosed incidental-income numerator; the report does not isolate a complete prohibited-revenue allocation across underlying holdings.
- Coinbase, Block and other issuer-specific activities remain qualitative observations, not an unsupported percentage.
- ETF look-through ratios are not an official FTSE, MSCI or Malaysia classification.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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