Is SoFi Be Your Own Boss ETF halal to invest in?

As of September 2026, SoFi Be Your Own Boss ETF BYOB 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 SoFi Be Your Own Boss 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 SoFi Be Your Own Boss ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SoFi Be Your Own Boss ETF updated?

The Shariah compliance status of SoFi Be Your Own Boss 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 SoFi Be Your Own Boss 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 SoFi Be Your Own Boss ETF?

You can check the latest Shariah compliance status of SoFi Be Your Own Boss ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SoFi Be Your Own Boss ETF BYOB

BYOB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SoFi Be Your Own Boss ETF is classified as not halal.

NOT HALAL

Is SoFi Be Your Own Boss ETF Halal?

Shariah Compliance Analysis of BYOB ETF

US Equity Theme

No. As of September 2026, SoFi Be Your Own Boss ETF (BYOB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SoFi Be Your Own Boss ETF does not pass Musaffa's business and financial screening criteria.

BYOB was created on 2019-05-08 by SoFi. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 7.05m in AUM and 77 holdings. BYOB invests in firms expected to benefit from the gig economy, as defined by its advisor. The actively managed fund can invest in firms across all geographies and market capitalization.

SoFi Be Your Own Boss ETF (BYOB) Chart

Key Statistics of SoFi Be Your Own Boss ETF (BYOB)

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FAQ's for SoFi Be Your Own Boss ETF (BYOB)

As of September 2026, SoFi Be Your Own Boss ETF BYOB 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 SoFi Be Your Own Boss ETF using these criteria to determine its compliance status.
The Shariah compliance status of SoFi Be Your Own Boss 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 SoFi Be Your Own Boss ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.