QQQ
Invesco QQQ (Nasdaq-100)
Is QQQ Halal?
Tech-heavy Nasdaq-100 exposure — common-equity holdings are broadly permissible but content and financing screens remain unresolved.
What You Should Know
QQQ's March 2026 shareholder report shows 99.88% common stocks and 102 holdings, with large positions in Meta, Alphabet, Amazon and Tesla. Technology is generally permissible, but content, advertising, financial-service and customer-use questions are not resolved by fund-level disclosure.
⚠️ Concerns
- •Includes Meta, Alphabet with content concerns
- •Not Sharia-screened
- •Some financial holdings
Current quantitative Sharia screen
Based on Form N-CSRS semi-annual shareholder report figures for the period ended 2026-03-31; calculated 2026-07-14.
0 / 376,145.045
513.441 / 376,145.045
5,450.812 / 376,145.045
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 0.00%, liquidity/assets is 0.14% and receivables plus cash/assets is 1.45%; a comparable fund-level prohibited-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables plus cash/assets are below the examined MSCI asset limits, but the underlying portfolio 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
QQQ tracks the Nasdaq-100 through a mostly common-equity portfolio. Technology is generally permissible, but the holdings include platforms, advertising, entertainment, payment and other customer-use exposures that require issuer-level review.
Limitation: The fund report lists holdings but does not allocate underlying issuer revenue into a school-neutral prohibited-activity numerator.
Purification
QQQ passes through dividend income from underlying issuers; no scholar-approved purification percentage is inferred from the aggregate fund distribution.
Inputs, assumptions and primary sources
- Amounts are USD millions from QQQ's March 31, 2026 semi-annual report.
- The statement reports USD 376,145.045 million of total assets, USD 474.062 million of cash and USD 39.379 million of futures collateral; receivables total USD 4,937.371 million for dividends, securities sold and fund shares sold.
- Common stocks and other equity interests are 99.88% of net assets across 102 holdings. Six-month investment income is USD 1,322.741 million and is not treated as a prohibited-income numerator because it is pass-through dividend income.
- The fund report does not provide a universal prohibited-content, advertising, financial-service or end-use revenue allocation.
- 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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