Is Rayliant Quuantamental China Equity ETF halal to invest in?

As of September 2026, Rayliant Quuantamental China Equity ETF RAYC 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 Rayliant Quuantamental China Equity 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 Rayliant Quuantamental China Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Rayliant Quuantamental China Equity ETF updated?

The Shariah compliance status of Rayliant Quuantamental China Equity 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 Rayliant Quuantamental China Equity 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 Rayliant Quuantamental China Equity ETF?

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

Rayliant Quuantamental China Equity ETF RAYC

RAYC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Rayliant Quuantamental China Equity ETF is classified as not halal.

NOT HALAL

Is Rayliant Quuantamental China Equity ETF Halal?

Shariah Compliance Analysis of RAYC ETF

US Equity Total Market

No. As of September 2026, Rayliant Quuantamental China Equity ETF (RAYC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Rayliant Quuantamental China Equity ETF does not pass Musaffa's business and financial screening criteria.

RAYC was created on 2020-12-31 by Rayliant. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 17.94m in AUM and 80 holdings. RAYC is an actively managed portfolio of Chinese stocks selected and weighted based on a combination of quantitative and fundamental, quantamental, proprietary research.

Rayliant Quuantamental China Equity ETF (RAYC) Chart

Key Statistics of Rayliant Quuantamental China Equity ETF (RAYC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
19.89%
Financials
16.92%
Information Technology
16.13%
Consumer Staples
13.36%
Consumer Discretionary
11.21%
Materials
8.96%
Health Care
5.51%
Energy
3.11%
Utilities
1.85%
Communication Services
1.44%
Real Estate
1.30%
Other
0.32%

FAQ's for Rayliant Quuantamental China Equity ETF (RAYC)

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