VNQ — Vanguard Real Estate ETF

Holds REITs, which commonly use conventional mortgage debt.

Why?

VNQ holds US real estate investment trusts (REITs), which typically use significant conventional mortgage financing and, in some cases, own hotels or other properties tied to non-compliant activity. The fund applies no Sharia screening.

How this was screened

Primary basis: Fund's own stated mandate.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.