Rayliant Quantitative Developed Market Equity ETF RAYD
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RAYD Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Rayliant Quantitative Developed Market Equity ETF is classified as not halal.
NOT HALAL
Is Rayliant Quantitative Developed Market Equity ETF Halal?
Shariah Compliance Analysis of RAYD ETF
US Equity Total Market No. As of September 2026, Rayliant Quantitative Developed Market Equity ETF (RAYD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Rayliant Quantitative Developed Market Equity ETF does not pass Musaffa's business and financial screening criteria.
RAYD was created on 2021-12-16 by Rayliant. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 77.33m in AUM and 111 holdings. RAYD is an actively managed portfolio of developed market equities that are selected and weighted with the aid of quantitative data models.
Rayliant Quantitative Developed Market Equity ETF (RAYD) Chart
Key Statistics of Rayliant Quantitative Developed Market Equity ETF (RAYD)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Information Technology24.33%
- Consumer Discretionary14.05%
- Financials13.24%
- Industrials11.11%
- Consumer Staples10.69%
- Health Care10.45%
- Communication Services9.25%
- Energy3.37%
- Utilities1.68%
- Materials1.34%
- Other0.49%
FAQ's for Rayliant Quantitative Developed Market Equity ETF (RAYD)
- As of September 2026, Rayliant Quantitative Developed Market Equity ETF RAYD 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 Quantitative Developed Market Equity ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Rayliant Quantitative Developed Market 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 Quantitative Developed Market Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.