Is Sprott Critical Materials ETF halal to invest in?

As of September 2026, Sprott Critical Materials ETF SETM 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 Sprott Critical Materials 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 Sprott Critical Materials ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Sprott Critical Materials ETF updated?

The Shariah compliance status of Sprott Critical Materials 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 Sprott Critical Materials 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 Sprott Critical Materials ETF?

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

Sprott Critical Materials ETF SETM

SETM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Sprott Critical Materials ETF is classified as not halal.

NOT HALAL

Is Sprott Critical Materials ETF Halal?

Shariah Compliance Analysis of SETM ETF

US Equity Materials

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

SETM was created on 2023-02-01 by Sprott. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 232.79m in AUM and 129 holdings. SETM supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap.

Sprott Critical Materials ETF (SETM) Chart

Key Statistics of Sprott Critical Materials ETF (SETM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
69.21%
Energy
19.52%
Other
11.21%
Industrials
0.06%

FAQ's for Sprott Critical Materials ETF (SETM)

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