Is Sarmaya Thematic ETF halal to invest in?

As of September 2026, Sarmaya Thematic ETF LENS 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 Sarmaya Thematic 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 Sarmaya Thematic ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Sarmaya Thematic ETF updated?

The Shariah compliance status of Sarmaya Thematic 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 Sarmaya Thematic 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 Sarmaya Thematic ETF?

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

Sarmaya Thematic ETF LENS

LENS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Sarmaya Thematic ETF is classified as not halal.

NOT HALAL

Is Sarmaya Thematic ETF Halal?

Shariah Compliance Analysis of LENS ETF

US Equity Theme

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

LENS was created on 2025-01-28 by Sarmaya Partners. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 22.31m in AUM and 42 holdings. LENS is an actively managed portfolio of global stocks and ETPs deemed to reflect the market themes identified by the adviser. The fund uses proprietary, fundamental analysis in its selection process.

Sarmaya Thematic ETF (LENS) Chart

Key Statistics of Sarmaya Thematic ETF (LENS)

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FAQ's for Sarmaya Thematic ETF (LENS)

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