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iShares Large Cap Max Buffer Sep ETF SMAX

Is iShares Large Cap Max Buffer Sep ETF Halal?

Shariah Compliance Analysis of SMAX ETF

No. As of October 2026, iShares Large Cap Max Buffer Sep ETF (SMAX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

SMAX Shariah Compliance

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

NOT HALAL

iShares Large Cap Max Buffer Sep ETF (SMAX) Chart

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