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Calamos Russell 2000 Structured Alt Protection ETF July CPRJ
CPRJ Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Calamos Russell 2000 Structured Alt Protection ETF July is classified as not halal.
NOT HALAL
Is Calamos Russell 2000 Structured Alt Protection ETF July Halal?
Shariah Compliance Analysis of CPRJ ETF
No. As of September 2026, Calamos Russell 2000 Structured Alt Protection ETF July (CPRJ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Calamos Russell 2000 Structured Alt Protection ETF July does not pass Musaffa's business and financial screening criteria.
CPRJ was created on 2024-07-01 by Calamos. The fund's investment portfolio concentrates primarily on small cap equity. CPRJ seeks to track the return of the iShares Russell 2000 ETF (IWM), to a cap, with 100% downside hedge over a one-year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.
Calamos Russell 2000 Structured Alt Protection ETF July (CPRJ) Chart
Key Statistics of Calamos Russell 2000 Structured Alt Protection ETF July (CPRJ)
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-FAQ's for Calamos Russell 2000 Structured Alt Protection ETF July (CPRJ)
- As of September 2026, Calamos Russell 2000 Structured Alt Protection ETF July CPRJ 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 Calamos Russell 2000 Structured Alt Protection ETF July using these criteria to determine its compliance status.
- The Shariah compliance status of Calamos Russell 2000 Structured Alt Protection ETF July 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 Calamos Russell 2000 Structured Alt Protection ETF July on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
