CHAPTER 13 OF 17
Baraka, overview
PARTNER OFFER
Sign up to Baraka with this referral code
Baraka's referral message says that if you join and make a trade, you and Halal ETF Planner both earn rewards.
The link opens Baraka. Enter this code when you sign up: D, D, zero (the number 0), W, M, M.
- Baraka sets the reward and the terms. It does not publish them on its website, so check the offer in the Baraka app before you rely on it.
- Rewards and eligibility can change, and availability depends on your country.
Referral disclosure: if you sign up with this code or link, Halal ETF Planner may receive a reward at no extra cost to you. Baraka sets the terms. This does not change what we write about Baraka. Full referral disclosure
What Baraka actually offers
Research basis: This is a researched overview based on Baraka's published materials, not a claim that Halal ETF Planner independently tested every feature. Product availability, fees, and eligibility can change. Sources were checked on 8 September 2026.
Baraka is a UAE-based investing app that gives access to a wide range of US and other international stocks and ETFs, including the Shariah-screened tickers covered earlier in this guide, such as SPUS and HLAL. Unlike a managed-portfolio platform, Baraka is closer to a self-directed brokerage — you choose which ETFs to buy and how much to put toward each one.
Baraka states that Shariah screening data displayed on its platform comes from a third-party provider and is for reference rather than a personal religious ruling. Screening coverage and status can change.
Is Baraka regulated?
Checked on 17 October 2026, from Baraka’s own website. Baraka’s footer states that Baraka Financial Limited is registered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA). It states a Category 3C licence with a Retail Client and a Holding and Controlling Client Assets endorsement, and that Baraka is a wholly owned subsidiary of Baraka Technology Holding in Abu Dhabi Global Market.
Baraka also states that it holds a DFSA Islamic Window endorsement and offers Shariah-compliant services to eligible clients through its Islamic Window, overseen by its Shariah Supervisory Board. The same notice says the Shariah screening data shown in the app comes from a third-party data provider, is for reference only, and is not a fatwa or personal religious advice.
These are Baraka’s statements. Baraka’s terms page gives its DFSA firm reference number as 4153. To check them yourself, look the firm up on the DFSA public register, and read the notice at the bottom of Baraka’s website. Whether Baraka is available to you depends on your country and account.
Which halal ETFs does Baraka list?
Checked on 17 October 2026. Baraka has asset pages for these ETFs covered on this site: SPUS, HLAL, UMMA, SPWO, SPSK, SPRE and SPTE. Its SPUS and HLAL pages mention buying with fractional shares.
A page existing does not guarantee you can trade that ETF from your country or account type, so confirm in the app before you plan around it.
How the published workflow works
Baraka presents the service as self-directed: investors search the available market, review information, and choose their own orders. Its current website lists Auto-Invest among its features, so the earlier statement that every monthly order had to be placed manually has been removed.
Feature availability and terms may vary by account or subscription. See Baraka's official website for the current product description and Baraka's subscription page for current plan information.
Curious what a SIP through a platform like this could grow into?
Try the calculator to see an illustrative projection based on your own numbers.
See your projectionFees, worth knowing
As a self-directed brokerage, Baraka may charge trading, foreign-exchange, transfer, or subscription-related costs depending on the service and plan — the categories described in Chapter 11. Current rates and minimums can change, so consult Baraka's current plan information and the in-app terms before deciding.
Who it's a good fit for
Baraka tends to suit investors who want to choose specific Shariah-screened ETFs or stocks themselves, rather than hand portfolio decisions to an automated service. Someone who prefers a fully managed, hands-off halal portfolio may want to weigh it against a managed alternative like the one covered in Chapter 12.
Ready to look at Baraka yourself?
Use referral code DD0WMM when you sign up. Check the offer and its terms in the Baraka app before you rely on any reward.
Referral disclosure: if you sign up with this code or link, Halal ETF Planner may receive a reward at no extra cost to you. Baraka sets the terms. This does not change what we write about Baraka. See the referral disclosure for details.
This is educational content, not financial advice. Shariah compliance for any fund or platform is attributed to the provider, not independently certified here.