Rayliant Quantamental Emerging Market ex-China Equity ETF RAYE
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RAYE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Rayliant Quantamental Emerging Market ex-China Equity ETF is classified as not halal.
NOT HALAL
Is Rayliant Quantamental Emerging Market ex-China Equity ETF Halal?
Shariah Compliance Analysis of RAYE ETF
US Equity Total Market No. As of September 2026, Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Rayliant Quantamental Emerging Market ex-China Equity ETF does not pass Musaffa's business and financial screening criteria.
RAYE was created on 2021-12-16 by Rayliant. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 77.83m in AUM and 99 holdings. RAYE is an actively managed portfolio of emerging market ex-China equities that are selected and weighted using a combination of quantitative and fundamental, quantamental, proprietary research.
Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE) Chart
Key Statistics of Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Information Technology32.08%
- Financials21.26%
- Consumer Discretionary11.48%
- Industrials9.20%
- Communication Services4.75%
- Consumer Staples4.54%
- Other4.29%
- Energy4.17%
- Health Care3.44%
- Utilities2.16%
- Real Estate1.44%
- Materials1.19%
FAQ's for Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE)
- As of September 2026, Rayliant Quantamental Emerging Market ex-China Equity ETF RAYE 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 Quantamental Emerging Market ex-China Equity ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Rayliant Quantamental Emerging Market ex-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 Quantamental Emerging Market ex-China Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.