Is Roundhill Magnificent Seven ETF halal to invest in?

As of September 2026, Roundhill Magnificent Seven ETF MAGS 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 Roundhill Magnificent Seven 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 Roundhill Magnificent Seven ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Roundhill Magnificent Seven ETF updated?

The Shariah compliance status of Roundhill Magnificent Seven 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 Roundhill Magnificent Seven 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 Roundhill Magnificent Seven ETF?

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

Roundhill Magnificent Seven ETF MAGS

MAGS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Roundhill Magnificent Seven ETF is classified as not halal.

NOT HALAL

Is Roundhill Magnificent Seven ETF Halal?

Shariah Compliance Analysis of MAGS ETF

US Equity Theme

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

MAGS was created on 2023-04-11 by Roundhill. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 4159.58m in AUM and 10 holdings. MAGS is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards.

Roundhill Magnificent Seven ETF (MAGS) Chart

Key Statistics of Roundhill Magnificent Seven ETF (MAGS)

Today's Open

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FAQ's for Roundhill Magnificent Seven ETF (MAGS)

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