SmartETFs Advertising & Marketing Technology ETF MRAD
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MRAD Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, SmartETFs Advertising & Marketing Technology ETF is classified as not halal.
NOT HALAL
Is SmartETFs Advertising & Marketing Technology ETF Halal?
Shariah Compliance Analysis of MRAD ETF
US Equity Communication Services No. As of September 2026, SmartETFs Advertising & Marketing Technology ETF (MRAD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SmartETFs Advertising & Marketing Technology ETF does not pass Musaffa's business and financial screening criteria.
MRAD was created on 2020-12-31 by SmartETFs. The fund's investment portfolio concentrates primarily on communication services equity. The ETF currently has 0.77m in AUM and 2 holdings. MRAD is actively managed to provide exposure to companies globally that provide support or enable advancements in advertising and marketing technology. Securities are typically equally weighted.
SmartETFs Advertising & Marketing Technology ETF (MRAD) Chart
Key Statistics of SmartETFs Advertising & Marketing Technology ETF (MRAD)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Communication Services60.81%
- Information Technology27.54%
- Other7.60%
- Consumer Discretionary4.05%
FAQ's for SmartETFs Advertising & Marketing Technology ETF (MRAD)
- As of September 2026, SmartETFs Advertising & Marketing Technology ETF MRAD 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 SmartETFs Advertising & Marketing Technology ETF using these criteria to determine its compliance status.
- The Shariah compliance status of SmartETFs Advertising & Marketing Technology 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 SmartETFs Advertising & Marketing Technology ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.