Is AXS Cannabis ETF halal to invest in?

As of September 2026, AXS Cannabis ETF THCX 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 AXS Cannabis 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 AXS Cannabis ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for AXS Cannabis ETF updated?

The Shariah compliance status of AXS Cannabis 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 AXS Cannabis 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 AXS Cannabis ETF?

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

AXS Cannabis ETF THCX

THCX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, AXS Cannabis ETF is classified as not halal.

NOT HALAL

Is AXS Cannabis ETF Halal?

Shariah Compliance Analysis of THCX ETF

US Equity Theme

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

THCX was created on 2019-07-08 by AXS Investments. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 14.61m in AUM and 24 holdings. THCX tracks an index of legal cannabis companies selected and weighted by market capitalization. The fund primarily holds North American companies but may also invest in other countries.

AXS Cannabis ETF (THCX) Chart

Key Statistics of AXS Cannabis ETF (THCX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
49.04%
Consumer Discretionary
15.60%
Materials
9.86%
Financials
6.16%
Consumer Staples
5.13%
Industrials
4.82%
Information Technology
4.69%
Communication Services
3.39%
Other
1.31%

FAQ's for AXS Cannabis ETF (THCX)

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