Is Amplify Alternative Harvest ETF halal to invest in?

As of September 2026, Amplify Alternative Harvest ETF MJ 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 Amplify Alternative Harvest 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 Amplify Alternative Harvest ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Amplify Alternative Harvest ETF updated?

The Shariah compliance status of Amplify Alternative Harvest 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 Amplify Alternative Harvest 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 Amplify Alternative Harvest ETF?

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

Amplify Alternative Harvest ETF MJ

MJ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Amplify Alternative Harvest ETF is classified as not halal.

NOT HALAL

Is Amplify Alternative Harvest ETF Halal?

Shariah Compliance Analysis of MJ ETF

US Equity Theme

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

MJ was created on 2015-12-03 by Amplify. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 161.8m in AUM and 11 holdings. MJ tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system.

Amplify Alternative Harvest ETF (MJ) Chart

Key Statistics of Amplify Alternative Harvest ETF (MJ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
51.05%
Health Care
29.11%
Real Estate
6.99%
Consumer Staples
5.08%
Financials
4.70%
Consumer Discretionary
1.43%
Materials
0.86%
Information Technology
0.78%
Industrials
0.00%

FAQ's for Amplify Alternative Harvest ETF (MJ)

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