Is Calamos S&P 500 Structured Alt Protection ETF halal to invest in?

As of September 2026, Calamos S&P 500 Structured Alt Protection ETF CPSM 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 Calamos S&P 500 Structured Alt Protection 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 Calamos S&P 500 Structured Alt Protection ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Calamos S&P 500 Structured Alt Protection ETF updated?

The Shariah compliance status of Calamos S&P 500 Structured Alt Protection 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 Calamos S&P 500 Structured Alt Protection 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 Calamos S&P 500 Structured Alt Protection ETF?

You can check the latest Shariah compliance status of Calamos S&P 500 Structured Alt Protection ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Calamos S&P 500 Structured Alt Protection ETF CPSM

CPSM Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of CPSM ETF

US Equity Large Cap

No. As of September 2026, Calamos S&P 500 Structured Alt Protection ETF (CPSM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Calamos S&P 500 Structured Alt Protection ETF does not pass Musaffa's business and financial screening criteria.

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.

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

Key Statistics of Calamos S&P 500 Structured Alt Protection ETF (CPSM)

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FAQ's for Calamos S&P 500 Structured Alt Protection ETF (CPSM)

As of September 2026, Calamos S&P 500 Structured Alt Protection ETF CPSM 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 S&P 500 Structured Alt Protection ETF using these criteria to determine its compliance status.
The Shariah compliance status of Calamos S&P 500 Structured Alt Protection 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 Calamos S&P 500 Structured Alt Protection ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.