Is Parabla Innovation ETF halal to invest in?

As of September 2026, Parabla Innovation ETF LZRD 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 Parabla Innovation 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 Parabla Innovation ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Parabla Innovation ETF updated?

The Shariah compliance status of Parabla Innovation 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 Parabla Innovation 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 Parabla Innovation ETF?

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

Parabla Innovation ETF LZRD

LZRD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Parabla Innovation ETF is classified as not halal.

NOT HALAL

Is Parabla Innovation ETF Halal?

Shariah Compliance Analysis of LZRD ETF

US Equity Total Market

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

LZRD was created on 2023-04-11 by Parabla. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 0.69m in AUM and 11 holdings. LZRD actively invests in global companies that exhibit innovation within their respective sectors. Proprietary research, which includes an assessment of a companys long-term growth potential, is used to determine the stock selection and weighting in the portfolio.

Parabla Innovation ETF (LZRD) Chart

Key Statistics of Parabla Innovation ETF (LZRD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
26.06%
Information Technology
20.13%
Financials
14.50%
Communication Services
14.04%
Industrials
12.36%
Health Care
6.38%
Utilities
3.13%
Other
2.54%
Materials
0.86%

FAQ's for Parabla Innovation ETF (LZRD)

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