Is Purpose Shopify (SHOP) Yield Shares ETF halal to invest in?

As of September 2026, Purpose Shopify (SHOP) Yield Shares ETF SHPY.NE 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 Purpose Shopify (SHOP) Yield Shares 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 Purpose Shopify (SHOP) Yield Shares ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose Shopify (SHOP) Yield Shares ETF updated?

The Shariah compliance status of Purpose Shopify (SHOP) Yield Shares 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 Purpose Shopify (SHOP) Yield Shares 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 Purpose Shopify (SHOP) Yield Shares ETF?

You can check the latest Shariah compliance status of Purpose Shopify (SHOP) Yield Shares ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Purpose Shopify (SHOP) Yield Shares ETF SHPY.NE

SHPY.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose Shopify (SHOP) Yield Shares ETF is classified as not halal.

NOT HALAL

Is Purpose Shopify (SHOP) Yield Shares ETF Halal?

Shariah Compliance Analysis of SHPY.NE ETF

CA Equity Information Technology

No. As of September 2026, Purpose Shopify (SHOP) Yield Shares ETF (SHPY.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose Shopify (SHOP) Yield Shares ETF does not pass Musaffa's business and financial screening criteria.

SHPY.NE was created on 2025-08-21 by Purpose. The fund's investment portfolio concentrates primarily on information technology equity. The fund seeks capital appreciation by investing in Shopify Inc. (TXS: SHOP) stocks and distributions through covered call and/or put options.

Purpose Shopify (SHOP) Yield Shares ETF (SHPY.NE) Chart

Key Statistics of Purpose Shopify (SHOP) Yield Shares ETF (SHPY.NE)

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FAQ's for Purpose Shopify (SHOP) Yield Shares ETF (SHPY.NE)

As of September 2026, Purpose Shopify (SHOP) Yield Shares ETF SHPY.NE 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 Purpose Shopify (SHOP) Yield Shares ETF using these criteria to determine its compliance status.
The Shariah compliance status of Purpose Shopify (SHOP) Yield Shares 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 Purpose Shopify (SHOP) Yield Shares ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.