Is Themes Natural Monopoly ETF halal to invest in?

As of September 2026, Themes Natural Monopoly ETF CZAR 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 Themes Natural Monopoly 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 Themes Natural Monopoly ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Themes Natural Monopoly ETF updated?

The Shariah compliance status of Themes Natural Monopoly 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 Themes Natural Monopoly 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 Themes Natural Monopoly ETF?

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

Themes Natural Monopoly ETF CZAR

CZAR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Themes Natural Monopoly ETF is classified as not halal.

NOT HALAL

Is Themes Natural Monopoly ETF Halal?

Shariah Compliance Analysis of CZAR ETF

US Equity Total Market

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

CZAR was created on 2023-12-13 by Themes. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1.61m in AUM and 97 holdings. CZAR is passively managed, tracking an index composed of large- and mid-cap companies that are perceived to showcase competitive strength within their sectors. The fund invests in securities from issuers in the Developed Markets.

Themes Natural Monopoly ETF (CZAR) Chart

Key Statistics of Themes Natural Monopoly ETF (CZAR)

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FAQ's for Themes Natural Monopoly ETF (CZAR)

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