Is Bushido Capital US Equity ETF halal to invest in?

As of September 2026, Bushido Capital US Equity ETF SMRI 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 Bushido Capital US Equity 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 Bushido Capital US Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Bushido Capital US Equity ETF updated?

The Shariah compliance status of Bushido Capital US Equity 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 Bushido Capital US Equity 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 Bushido Capital US Equity ETF?

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

Bushido Capital US Equity ETF SMRI

SMRI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Bushido Capital US Equity ETF is classified as not halal.

NOT HALAL

Is Bushido Capital US Equity ETF Halal?

Shariah Compliance Analysis of SMRI ETF

US Equity Total Market

No. As of September 2026, Bushido Capital US Equity ETF (SMRI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bushido Capital US Equity ETF does not pass Musaffa's business and financial screening criteria.

SMRI was created on 2023-09-14 by Bushido. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 577.74m in AUM and 47 holdings. SMRI actively manages an equally weighted portfolio of 30 to 50 US stocks believed to be undervalued but financially attractive. The funds stock selection involves a fundamental value approach.

Bushido Capital US Equity ETF (SMRI) Chart

Key Statistics of Bushido Capital US Equity ETF (SMRI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
22.47%
Consumer Discretionary
19.67%
Industrials
16.56%
Energy
14.98%
Information Technology
11.90%
Communication Services
6.02%
Financials
2.46%
Utilities
2.18%
Materials
1.81%
Consumer Staples
1.72%
Other
0.23%

FAQ's for Bushido Capital US Equity ETF (SMRI)

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