Is Texas Capital Government Money Market ETF halal to invest in?

As of September 2026, Texas Capital Government Money Market ETF MMKT 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 Texas Capital Government Money Market 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 Texas Capital Government Money Market ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Texas Capital Government Money Market ETF updated?

The Shariah compliance status of Texas Capital Government Money Market 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 Texas Capital Government Money Market 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 Texas Capital Government Money Market ETF?

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

Texas Capital Government Money Market ETF MMKT

MMKT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Texas Capital Government Money Market ETF is classified as not halal.

NOT HALAL

Is Texas Capital Government Money Market ETF Halal?

Shariah Compliance Analysis of MMKT ETF

US Fixed Income Investment Grade

No. As of September 2026, Texas Capital Government Money Market ETF (MMKT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Texas Capital Government Money Market ETF does not pass Musaffa's business and financial screening criteria.

MMKT was created on 2024-09-24 by Texas Capital. The fund's investment portfolio concentrates primarily on investment grade fixed income. MMKT is actively managed, investing in US government money market instruments, particularly overnight repurchase agreements with short-term maturities. The fund aims to balance income, liquidity, and capital preservation.

Texas Capital Government Money Market ETF (MMKT) Chart

Key Statistics of Texas Capital Government Money Market ETF (MMKT)

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FAQ's for Texas Capital Government Money Market ETF (MMKT)

As of September 2026, Texas Capital Government Money Market ETF MMKT 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 Texas Capital Government Money Market ETF using these criteria to determine its compliance status.
The Shariah compliance status of Texas Capital Government Money Market 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 Texas Capital Government Money Market ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.