Is SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units 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 SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units updated?

The Shariah compliance status of SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units?

You can check the latest Shariah compliance status of SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units SBQM.NE

Is SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units Halal?

Q: Can a halal ETF like SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units 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.

Shariah Compliance Analysis of SBQM.NE ETF

No. As of October 2026, SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units (SBQM.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SBQM.NE was created on 2021-01-27 by SmartBe. The fund's investment portfolio concentrates primarily on total market equity. The SmartBe U.S. Momentum Quantitative Index ETF (the ETF) seeks to replicate, to the extent possible and before fees and expenses, the performance of the SBQM.NE Index, which is the Alpha Architect U.S. Quantitative Momentum Index (SBQM.NE Index), or any successor thereto. It invests primarily in U.S. equity securities.

SBQM.NE Shariah Compliance

As of October 2026, SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units is classified as not halal.

NOT HALAL

SmartBe U.S. Quantitative Momentum Index ETF Series L Trust Units (SBQM.NE) Chart

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