Is Cultivar ETF halal to invest in?

As of September 2026, Cultivar ETF CVAR 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 Cultivar 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 Cultivar ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Cultivar ETF updated?

The Shariah compliance status of Cultivar 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 Cultivar 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 Cultivar ETF?

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

Cultivar ETF CVAR

CVAR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Cultivar ETF is classified as not halal.

NOT HALAL

Is Cultivar ETF Halal?

Shariah Compliance Analysis of CVAR ETF

US Equity Total Market

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

CVAR was created on 2021-12-21 by Cultivar. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 37.16m in AUM and 90 holdings. CVAR is an actively managed fund that combines top-down and bottom-up analysis to select undervalued, US-listed stocks from a broad spectrum of industries and market-caps.

Cultivar ETF (CVAR) Chart

Key Statistics of Cultivar ETF (CVAR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
15.80%
Industrials
12.21%
Financials
11.11%
Materials
10.15%
Health Care
8.87%
Consumer Staples
8.64%
Information Technology
7.87%
Utilities
6.07%
Communication Services
5.80%
Real Estate
5.52%
Consumer Discretionary
4.29%
Energy
3.67%

FAQ's for Cultivar ETF (CVAR)

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