Is Tema Global Royalties ETF halal to invest in?

As of September 2026, Tema Global Royalties ETF ROYA 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 Tema Global Royalties 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 Tema Global Royalties ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Tema Global Royalties ETF updated?

The Shariah compliance status of Tema Global Royalties 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 Tema Global Royalties 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 Tema Global Royalties ETF?

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

Tema Global Royalties ETF ROYA

ROYA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Tema Global Royalties ETF is classified as not halal.

NOT HALAL

Is Tema Global Royalties ETF Halal?

Shariah Compliance Analysis of ROYA ETF

US Equity Total Market

No. As of September 2026, Tema Global Royalties ETF (ROYA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Tema Global Royalties ETF does not pass Musaffa's business and financial screening criteria.

ROYA was created on 2023-08-17 by Tema. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 0.27m in AUM and 28 holdings. ROYA is an actively managed ETF that invests in stocks of companies that derive their revenue from royalties and intellectual property income. The fund uses a bottom-up approach to select pioneering companies at perceived attractive valuations.

Tema Global Royalties ETF (ROYA) Chart

Key Statistics of Tema Global Royalties ETF (ROYA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
34.71%
Energy
24.92%
Information Technology
15.40%
Health Care
10.23%
Communication Services
8.82%
Consumer Discretionary
4.78%
Other
1.14%

FAQ's for Tema Global Royalties ETF (ROYA)

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