Is Main Thematic Innovation ETF halal to invest in?

As of September 2026, Main Thematic Innovation ETF TMAT 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 Main Thematic Innovation 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 Main Thematic Innovation ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Main Thematic Innovation ETF updated?

The Shariah compliance status of Main Thematic Innovation 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 Main Thematic Innovation 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 Main Thematic Innovation ETF?

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

Main Thematic Innovation ETF TMAT

TMAT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Main Thematic Innovation ETF is classified as not halal.

NOT HALAL

Is Main Thematic Innovation ETF Halal?

Shariah Compliance Analysis of TMAT ETF

US Equity Theme

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

TMAT was created on 2021-01-29 by Main Funds. The fund's investment portfolio concentrates primarily on theme equity. TMAT is actively managed to pursue aggressive growth, globally. The fund aims to outperform the MSCI ACWI Index in rising markets while limiting losses during periods of decline. The strategy focuses on thematic rotation and may involve option strategies to manage risk or enhance returns.

Main Thematic Innovation ETF (TMAT) Chart

Key Statistics of Main Thematic Innovation ETF (TMAT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
35.80%
Industrials
14.54%
Financials
12.32%
Health Care
9.65%
Communication Services
9.46%
Consumer Discretionary
9.23%
Other
7.17%
Real Estate
1.22%
Consumer Staples
0.61%

FAQ's for Main Thematic Innovation ETF (TMAT)

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