Is Hartford Multifactor Emerging Markets ETF halal to invest in?

As of September 2026, Hartford Multifactor Emerging Markets ETF ROAM 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 Hartford Multifactor Emerging Markets 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 Hartford Multifactor Emerging Markets ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Hartford Multifactor Emerging Markets ETF updated?

The Shariah compliance status of Hartford Multifactor Emerging Markets 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 Hartford Multifactor Emerging Markets 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 Hartford Multifactor Emerging Markets ETF?

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

Hartford Multifactor Emerging Markets ETF ROAM

ROAM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Hartford Multifactor Emerging Markets ETF is classified as not halal.

NOT HALAL

Is Hartford Multifactor Emerging Markets ETF Halal?

Shariah Compliance Analysis of ROAM ETF

US Equity Total Market

No. As of September 2026, Hartford Multifactor Emerging Markets ETF (ROAM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Hartford Multifactor Emerging Markets ETF does not pass Musaffa's business and financial screening criteria.

ROAM was created on 2015-02-26 by Hartford. The fund's investment portfolio concentrates primarily on total market equity. ROAM tracks a multifactor and quant-driven index of emerging market stocks aimed at reducing concentration risk prevalent in cap-weighted indexes.

Hartford Multifactor Emerging Markets ETF (ROAM) Chart

Key Statistics of Hartford Multifactor Emerging Markets ETF (ROAM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
23.32%
Information Technology
20.62%
Financials
13.96%
Consumer Discretionary
8.79%
Communication Services
6.89%
Energy
4.83%
Materials
4.26%
Utilities
4.25%
Health Care
4.21%
Industrials
4.17%
Consumer Staples
3.57%
Real Estate
1.13%

FAQ's for Hartford Multifactor Emerging Markets ETF (ROAM)

As of September 2026, Hartford Multifactor Emerging Markets ETF ROAM 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 Hartford Multifactor Emerging Markets ETF using these criteria to determine its compliance status.
The Shariah compliance status of Hartford Multifactor Emerging Markets 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 Hartford Multifactor Emerging Markets ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.