Is Horizons US Marijuana Index ETF halal to invest in?

As of September 2026, Horizons US Marijuana Index ETF HMUS.NE 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 Horizons US Marijuana Index 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 Horizons US Marijuana Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Horizons US Marijuana Index ETF updated?

The Shariah compliance status of Horizons US Marijuana Index 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 Horizons US Marijuana Index 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 Horizons US Marijuana Index ETF?

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

Horizons US Marijuana Index ETF HMUS.NE

HMUS.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Horizons US Marijuana Index ETF is classified as not halal.

NOT HALAL

Is Horizons US Marijuana Index ETF Halal?

Shariah Compliance Analysis of HMUS.NE ETF

CA Equity Theme

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

HMUS.NE was created on 2019-04-17 by Horizons. The fund's investment portfolio concentrates primarily on theme equity. The fund tracks a market-cap weighted index of US marijuana-related equities.

Horizons US Marijuana Index ETF (HMUS.NE) Chart

Key Statistics of Horizons US Marijuana Index ETF (HMUS.NE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Horizons US Marijuana Index ETF (HMUS.NE)

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