Is Themes European Luxury ETF halal to invest in?

As of September 2026, Themes European Luxury ETF FINE 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 European Luxury 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 European Luxury ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Themes European Luxury ETF updated?

The Shariah compliance status of Themes European Luxury 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 European Luxury 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 European Luxury ETF?

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

Themes European Luxury ETF FINE

FINE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Themes European Luxury ETF is classified as not halal.

NOT HALAL

Is Themes European Luxury ETF Halal?

Shariah Compliance Analysis of FINE ETF

US Equity Theme

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

FINE was created on 2023-12-15 by Themes. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 0.66m in AUM and 27 holdings. FINE tracks an index comprised of companies in Developed Europe that offer luxury goods and services. The index selects and weights holdings towards those companies with most business exposure related to the investment theme.

Themes European Luxury ETF (FINE) Chart

Key Statistics of Themes European Luxury ETF (FINE)

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FAQ's for Themes European Luxury ETF (FINE)

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