Is iClima Climate Change Solutions ETF halal to invest in?

As of September 2026, iClima Climate Change Solutions ETF CLMA 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 iClima Climate Change Solutions 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 iClima Climate Change Solutions ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iClima Climate Change Solutions ETF updated?

The Shariah compliance status of iClima Climate Change Solutions 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 iClima Climate Change Solutions 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 iClima Climate Change Solutions ETF?

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

iClima Climate Change Solutions ETF CLMA

CLMA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iClima Climate Change Solutions ETF is classified as not halal.

NOT HALAL

Is iClima Climate Change Solutions ETF Halal?

Shariah Compliance Analysis of CLMA ETF

US Equity Theme

No. As of September 2026, iClima Climate Change Solutions ETF (CLMA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iClima Climate Change Solutions ETF does not pass Musaffa's business and financial screening criteria.

CLMA was created on 2021-07-20 by iClima. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1.66m in AUM and 161 holdings. CLMA tracks a tiered index of stocks from global firms that provide climate change solutions through Carbon Dioxide Equivalents (CO2e) Avoidance.

iClima Climate Change Solutions ETF (CLMA) Chart

Key Statistics of iClima Climate Change Solutions ETF (CLMA)

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FAQ's for iClima Climate Change Solutions ETF (CLMA)

As of September 2026, iClima Climate Change Solutions ETF CLMA 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 iClima Climate Change Solutions ETF using these criteria to determine its compliance status.
The Shariah compliance status of iClima Climate Change Solutions 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 iClima Climate Change Solutions ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.