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Rayliant Quantitative Developed Market Equity ETF RAYD

Is Rayliant Quantitative Developed Market Equity ETF Halal?

Shariah Compliance Analysis of RAYD ETF

No. As of October 2026, Rayliant Quantitative Developed Market Equity ETF (RAYD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

RAYD Shariah Compliance

As of October 2026, Rayliant Quantitative Developed Market Equity ETF is classified as not halal.

NOT HALAL

Rayliant Quantitative Developed Market Equity ETF (RAYD) Chart

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