Is Select STOXX Europe Aerospace & Defense ETF halal to invest in?

As of September 2026, Select STOXX Europe Aerospace & Defense ETF EUAD 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 Select STOXX Europe Aerospace & Defense 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 Select STOXX Europe Aerospace & Defense ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Select STOXX Europe Aerospace & Defense ETF updated?

The Shariah compliance status of Select STOXX Europe Aerospace & Defense 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 Select STOXX Europe Aerospace & Defense 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 Select STOXX Europe Aerospace & Defense ETF?

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

Select STOXX Europe Aerospace & Defense ETF EUAD

EUAD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Select STOXX Europe Aerospace & Defense ETF is classified as not halal.

NOT HALAL

Is Select STOXX Europe Aerospace & Defense ETF Halal?

Shariah Compliance Analysis of EUAD ETF

US Equity Industrials

No. As of September 2026, Select STOXX Europe Aerospace & Defense ETF (EUAD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Select STOXX Europe Aerospace & Defense ETF does not pass Musaffa's business and financial screening criteria.

EUAD was created on 2024-10-22 by Tuttle Capital. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 1041.9m in AUM and 14 holdings. EUAD tracks a narrow index of European stocks, or ADRs of companies headquartered in Europe, who derive a significant portion of their revenue from the aerospace and defense industry. Holdings are weighted based on market-cap.

Select STOXX Europe Aerospace & Defense ETF (EUAD) Chart

Key Statistics of Select STOXX Europe Aerospace & Defense ETF (EUAD)

Today's Open

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FAQ's for Select STOXX Europe Aerospace & Defense ETF (EUAD)

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