Is Horizon Kinetics SPAC Active ETF halal to invest in?

As of September 2026, Horizon Kinetics SPAC Active ETF SPAQ 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 Horizon Kinetics SPAC Active 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 Horizon Kinetics SPAC Active ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Horizon Kinetics SPAC Active ETF updated?

The Shariah compliance status of Horizon Kinetics SPAC Active 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 Horizon Kinetics SPAC Active 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 Horizon Kinetics SPAC Active ETF?

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

Horizon Kinetics SPAC Active ETF SPAQ

SPAQ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Horizon Kinetics SPAC Active ETF is classified as not halal.

NOT HALAL

Is Horizon Kinetics SPAC Active ETF Halal?

Shariah Compliance Analysis of SPAQ ETF

US Equity Total Market

No. As of September 2026, Horizon Kinetics SPAC Active ETF (SPAQ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Horizon Kinetics SPAC Active ETF does not pass Musaffa's business and financial screening criteria.

SPAQ was created on 2023-01-30 by Horizon Kinetics. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 9.84m in AUM and 59 holdings. SPAQ is actively managed to provide exposure to globally listed, pre-combination special purpose acquisition companies (SPACs) of any capitalization.

Horizon Kinetics SPAC Active ETF (SPAQ) Chart

Key Statistics of Horizon Kinetics SPAC Active ETF (SPAQ)

Today's Open

AUM

Avg. Volume

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FAQ's for Horizon Kinetics SPAC Active ETF (SPAQ)

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