Is Procure Space ETF halal to invest in?

As of September 2026, Procure Space ETF UFO 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 Procure Space 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 Procure Space ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Procure Space ETF updated?

The Shariah compliance status of Procure Space 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 Procure Space 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 Procure Space ETF?

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

Procure Space ETF UFO

UFO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Procure Space ETF is classified as not halal.

NOT HALAL

Is Procure Space ETF Halal?

Shariah Compliance Analysis of UFO ETF

US Equity Theme

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

UFO was created on 2019-04-11 by Procure. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 160.17m in AUM and 51 holdings. UFO tracks a tier-weighted index of aerospace companies located globally.

Procure Space ETF (UFO) Chart

Key Statistics of Procure Space ETF (UFO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
48.76%
Communication Services
29.12%
Information Technology
11.89%
Other
5.53%
Consumer Discretionary
4.01%
Materials
0.69%

FAQ's for Procure Space ETF (UFO)

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