Is Purpose Marijuana Opportunities Fund halal to invest in?

As of September 2026, Purpose Marijuana Opportunities Fund MJJ.NE 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 Purpose Marijuana Opportunities Fund 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 Purpose Marijuana Opportunities Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose Marijuana Opportunities Fund updated?

The Shariah compliance status of Purpose Marijuana Opportunities Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Purpose Marijuana Opportunities Fund 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 Purpose Marijuana Opportunities Fund?

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

Purpose Marijuana Opportunities Fund MJJ.NE

MJJ.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose Marijuana Opportunities Fund is classified as not halal.

NOT HALAL

Is Purpose Marijuana Opportunities Fund ETF Halal?

Shariah Compliance Analysis of MJJ.NE ETF

CA Equity Theme

No. As of September 2026, Purpose Marijuana Opportunities Fund (MJJ.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose Marijuana Opportunities Fund does not pass Musaffa's business and financial screening criteria.

MJJ.NE was created on 2018-02-01 by Purpose. The fund's investment portfolio concentrates primarily on theme equity. The fund is an actively managed fund that invests in companies globally with interest in marijuana and marijuana-related industries.

Purpose Marijuana Opportunities Fund (MJJ.NE) Chart

Key Statistics of Purpose Marijuana Opportunities Fund (MJJ.NE)

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FAQ's for Purpose Marijuana Opportunities Fund (MJJ.NE)

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