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Calamos S&P 500 Structured Alt Protection ETF CPSM

Is Calamos S&P 500 Structured Alt Protection ETF Halal?

Shariah Compliance Analysis of CPSM ETF

No. As of October 2026, Calamos S&P 500 Structured Alt Protection ETF (CPSM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

CPSM was created on 2024-05-01 by Calamos. The fund's investment portfolio concentrates primarily on large cap equity. CPSM seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), 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.

CPSM Shariah Compliance

As of October 2026, Calamos S&P 500 Structured Alt Protection ETF is classified as not halal.

NOT HALAL

Calamos S&P 500 Structured Alt Protection ETF (CPSM) Chart

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