Is TrueShares Structured Outcome (May) ETF halal to invest in?

As of September 2026, TrueShares Structured Outcome (May) ETF MAYZ 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 TrueShares Structured Outcome (May) 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 TrueShares Structured Outcome (May) ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for TrueShares Structured Outcome (May) ETF updated?

The Shariah compliance status of TrueShares Structured Outcome (May) 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 TrueShares Structured Outcome (May) 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 TrueShares Structured Outcome (May) ETF?

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

TrueShares Structured Outcome (May) ETF MAYZ

MAYZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, TrueShares Structured Outcome (May) ETF is classified as not halal.

NOT HALAL

Is TrueShares Structured Outcome (May) ETF Halal?

Shariah Compliance Analysis of MAYZ ETF

US Equity Large Cap

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

MAYZ was created on 2021-05-03 by TrueShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 10.37m in AUM and 3 holdings. MAYZ aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively managed fund holds options and collateral.

TrueShares Structured Outcome (May) ETF (MAYZ) Chart

Key Statistics of TrueShares Structured Outcome (May) ETF (MAYZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

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FAQ's for TrueShares Structured Outcome (May) ETF (MAYZ)

As of September 2026, TrueShares Structured Outcome (May) ETF MAYZ 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 TrueShares Structured Outcome (May) ETF using these criteria to determine its compliance status.
The Shariah compliance status of TrueShares Structured Outcome (May) 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 TrueShares Structured Outcome (May) ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.