Is ProShares S&P Kensho Cleantech ETF halal to invest in?

As of September 2026, ProShares S&P Kensho Cleantech ETF CTEX 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 ProShares S&P Kensho Cleantech 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 ProShares S&P Kensho Cleantech ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares S&P Kensho Cleantech ETF updated?

The Shariah compliance status of ProShares S&P Kensho Cleantech 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 ProShares S&P Kensho Cleantech 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 ProShares S&P Kensho Cleantech ETF?

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

ProShares S&P Kensho Cleantech ETF CTEX

CTEX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares S&P Kensho Cleantech ETF is classified as not halal.

NOT HALAL

Is ProShares S&P Kensho Cleantech ETF Halal?

Shariah Compliance Analysis of CTEX ETF

US Equity Theme

No. As of September 2026, ProShares S&P Kensho Cleantech ETF (CTEX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares S&P Kensho Cleantech ETF does not pass Musaffa's business and financial screening criteria.

CTEX was created on 2021-09-29 by ProShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 5.61m in AUM and 36 holdings. CTEX tracks an index of US-listed companies involved in the development of technologies that enable clean energy generation. Holdings are equally-weighted within tiers.

ProShares S&P Kensho Cleantech ETF (CTEX) Chart

Key Statistics of ProShares S&P Kensho Cleantech ETF (CTEX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
52.80%
Information Technology
24.52%
Utilities
16.48%
Consumer Discretionary
5.60%
Other
0.60%

FAQ's for ProShares S&P Kensho Cleantech ETF (CTEX)

As of September 2026, ProShares S&P Kensho Cleantech ETF CTEX 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 ProShares S&P Kensho Cleantech ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares S&P Kensho Cleantech 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 ProShares S&P Kensho Cleantech ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.