TrueShares Eagle Global Renewable Energy Income ETF RNWZ
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RNWZ Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, TrueShares Eagle Global Renewable Energy Income ETF is classified as not halal.
NOT HALAL
Is TrueShares Eagle Global Renewable Energy Income ETF Halal?
Shariah Compliance Analysis of RNWZ ETF
US Equity Theme No. As of September 2026, TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. TrueShares Eagle Global Renewable Energy Income ETF does not pass Musaffa's business and financial screening criteria.
RNWZ was created on 2022-12-08 by TrueShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 2.76m in AUM and 25 holdings. RNWZ seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe.
TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) Chart
Key Statistics of TrueShares Eagle Global Renewable Energy Income ETF (RNWZ)
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-FAQ's for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ)
- As of September 2026, TrueShares Eagle Global Renewable Energy Income ETF RNWZ 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 TrueShares Eagle Global Renewable Energy Income ETF using these criteria to determine its compliance status.
- The Shariah compliance status of TrueShares Eagle Global Renewable Energy Income 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 TrueShares Eagle Global Renewable Energy Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.