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Innovator U.S. Equity Ultra Buffer ETF - March UMAR

Is Innovator U.S. Equity Ultra Buffer ETF - March Halal?

Shariah Compliance Analysis of UMAR ETF

No. As of October 2026, Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

UMAR was created on 2020-03-02 by Innovator. The fund's investment portfolio concentrates primarily on large cap equity. UMAR aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral.

UMAR Shariah Compliance

As of October 2026, Innovator U.S. Equity Ultra Buffer ETF - March is classified as not halal.

NOT HALAL

Innovator U.S. Equity Ultra Buffer ETF - March (UMAR) Chart

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