Is Subversive Cannabis ETF halal to invest in?

As of September 2026, Subversive Cannabis ETF LGLZ 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 Cannabis 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 Cannabis ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Subversive Cannabis ETF updated?

The Shariah compliance status of Subversive Cannabis 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 Cannabis 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 Cannabis ETF?

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

Subversive Cannabis ETF LGLZ

LGLZ Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Subversive Cannabis ETF Halal?

Shariah Compliance Analysis of LGLZ ETF

US Equity Theme

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

LGLZ was created on 2023-09-19 by Subversive. The fund's investment portfolio concentrates primarily on theme equity. LGLZ is actively managed, seeking long-term capital appreciation by investing in US companies directly involved in legal tetrahydrocannabinol (THC)-related businesses. The fund invests in stocks and derivatives of companies of all market caps that derive 50% or more of their revenue from THC-related sales.

Subversive Cannabis ETF (LGLZ) Chart

Key Statistics of Subversive Cannabis ETF (LGLZ)

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FAQ's for Subversive Cannabis ETF (LGLZ)

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