Is iShares Large Cap Max Buffer Sep ETF halal to invest in?

As of September 2026, iShares Large Cap Max Buffer Sep ETF SMAX 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 iShares Large Cap Max Buffer Sep 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 iShares Large Cap Max Buffer Sep ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Large Cap Max Buffer Sep ETF updated?

The Shariah compliance status of iShares Large Cap Max Buffer Sep 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 iShares Large Cap Max Buffer Sep 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 iShares Large Cap Max Buffer Sep ETF?

You can check the latest Shariah compliance status of iShares Large Cap Max Buffer Sep ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares Large Cap Max Buffer Sep ETF SMAX

SMAX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Large Cap Max Buffer Sep ETF is classified as not halal.

NOT HALAL

Is iShares Large Cap Max Buffer Sep ETF Halal?

Shariah Compliance Analysis of SMAX ETF

US Equity Large Cap

No. As of September 2026, iShares Large Cap Max Buffer Sep ETF (SMAX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Large Cap Max Buffer Sep ETF does not pass Musaffa's business and financial screening criteria.

SMAX was created on 2024-09-30 by iShares. The fund's investment portfolio concentrates primarily on large cap equity. SMAX seeks to track the price return of the iShares Core S&P 500 ETF (IVV) up to a cap, with 100% downside hedge over a one-year outcome period. The actively managed fund obtains exposure by holding IVV shares and options.

iShares Large Cap Max Buffer Sep ETF (SMAX) Chart

Key Statistics of iShares Large Cap Max Buffer Sep ETF (SMAX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for iShares Large Cap Max Buffer Sep ETF (SMAX)

As of September 2026, iShares Large Cap Max Buffer Sep ETF SMAX 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 iShares Large Cap Max Buffer Sep ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares Large Cap Max Buffer Sep 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 iShares Large Cap Max Buffer Sep ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.