Is ProShares S&P Kensho Smart Factories ETF halal to invest in?

As of September 2026, ProShares S&P Kensho Smart Factories ETF MAKX 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 ProShares S&P Kensho Smart Factories 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 ProShares S&P Kensho Smart Factories ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares S&P Kensho Smart Factories ETF updated?

The Shariah compliance status of ProShares S&P Kensho Smart Factories 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 ProShares S&P Kensho Smart Factories 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 ProShares S&P Kensho Smart Factories ETF?

You can check the latest Shariah compliance status of ProShares S&P Kensho Smart Factories ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares S&P Kensho Smart Factories ETF MAKX

MAKX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares S&P Kensho Smart Factories ETF is classified as not halal.

NOT HALAL

Is ProShares S&P Kensho Smart Factories ETF Halal?

Shariah Compliance Analysis of MAKX ETF

US Equity Industrials

No. As of September 2026, ProShares S&P Kensho Smart Factories ETF (MAKX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares S&P Kensho Smart Factories ETF does not pass Musaffa's business and financial screening criteria.

MAKX was created on 2021-09-29 by ProShares. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 1.28m in AUM and 23 holdings. MAKX tracks a modified equal-weighted index of US-listed firms that enable the digitalization of manufacturing.

ProShares S&P Kensho Smart Factories ETF (MAKX) Chart

Key Statistics of ProShares S&P Kensho Smart Factories ETF (MAKX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
61.60%
Industrials
27.97%
Other
10.43%

FAQ's for ProShares S&P Kensho Smart Factories ETF (MAKX)

As of September 2026, ProShares S&P Kensho Smart Factories ETF MAKX 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 ProShares S&P Kensho Smart Factories ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares S&P Kensho Smart Factories 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 ProShares S&P Kensho Smart Factories ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.