Is Innovator IBD Breakout Opportunities ETF halal to invest in?

As of September 2026, Innovator IBD Breakout Opportunities ETF BOUT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Innovator IBD Breakout Opportunities ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Innovator IBD Breakout Opportunities ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Innovator IBD Breakout Opportunities ETF updated?

The Shariah compliance status of Innovator IBD Breakout Opportunities ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Innovator IBD Breakout Opportunities ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Innovator IBD Breakout Opportunities ETF?

You can check the latest Shariah compliance status of Innovator IBD Breakout Opportunities ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Innovator IBD Breakout Opportunities ETF BOUT

BOUT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Innovator IBD Breakout Opportunities ETF is classified as not halal.

NOT HALAL

Is Innovator IBD Breakout Opportunities ETF Halal?

Shariah Compliance Analysis of BOUT ETF

US Equity Total Market

No. As of September 2026, Innovator IBD Breakout Opportunities ETF (BOUT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Innovator IBD Breakout Opportunities ETF does not pass Musaffa's business and financial screening criteria.

BOUT was created on 2018-09-13 by Innovator. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 11.21m in AUM and 53 holdings. BOUT tracks an index of US-listed stocks that are likely to breakout, as determined by technical analysis. Holdings are weighted by a mix of fundamental and technical factors. The fund may hold 50% T-bills based on technical market signals.

Innovator IBD Breakout Opportunities ETF (BOUT) Chart

Key Statistics of Innovator IBD Breakout Opportunities ETF (BOUT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
26.22%
Information Technology
20.78%
Industrials
17.28%
Consumer Discretionary
13.80%
Health Care
5.64%
Consumer Staples
5.52%
Materials
3.69%
Real Estate
2.84%
Other
2.14%
Energy
2.09%

FAQ's for Innovator IBD Breakout Opportunities ETF (BOUT)

As of September 2026, Innovator IBD Breakout Opportunities ETF BOUT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Innovator IBD Breakout Opportunities ETF using these criteria to determine its compliance status.
The Shariah compliance status of Innovator IBD Breakout Opportunities ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Innovator IBD Breakout Opportunities ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.