As of September 2026, Cannabis Growth ETF is classified as not halal.
NOT HALAL
Is Cannabis Growth ETF Halal?
Shariah Compliance Analysis of BUDX ETF
US Equity Theme
No. As of September 2026, Cannabis Growth ETF (BUDX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Cannabis Growth ETF does not pass Musaffa's business and financial screening criteria.
BUDX was created on 2021-09-27 by Cannabis. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 3.6m in AUM and 19 holdings. BUDX is an actively managed fund of companies around the world related to cannabis, hemp and CBD.
Cannabis Growth ETF (BUDX) Chart
Key Statistics of Cannabis Growth ETF (BUDX)
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FAQ's for Cannabis Growth ETF (BUDX)
As of September 2026, Cannabis Growth ETF BUDX 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 Cannabis Growth ETF using these criteria to determine its compliance status.
The Shariah compliance status of Cannabis Growth 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 Cannabis Growth ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
US Equity Theme