Is Subversive Food Security ETF halal to invest in?

As of September 2026, Subversive Food Security ETF KCAL 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 Subversive Food Security 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 Subversive Food Security ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Subversive Food Security ETF updated?

The Shariah compliance status of Subversive Food Security 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 Subversive Food Security 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 Subversive Food Security ETF?

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

Subversive Food Security ETF KCAL

KCAL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Subversive Food Security ETF is classified as not halal.

NOT HALAL

Is Subversive Food Security ETF Halal?

Shariah Compliance Analysis of KCAL ETF

US Equity Theme

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

KCAL was created on 2022-12-22 by Subversive. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 0.56m in AUM and 29 holdings. KCAL is an actively managed fund of US and foreign companies supporting the securement of the global food chain. It selects securities using a top-down approach utilizing quantitative factors with considerations of qualitative factors.

Subversive Food Security ETF (KCAL) Chart

Key Statistics of Subversive Food Security ETF (KCAL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
47.61%
Industrials
21.96%
Materials
12.09%
Consumer Discretionary
10.83%
Other
7.51%

FAQ's for Subversive Food Security ETF (KCAL)

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