Is Themes US R&D Champions ETF halal to invest in?

As of September 2026, Themes US R&D Champions ETF USRD is classified as doubtful 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 Themes US R&D Champions 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 Themes US R&D Champions ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Themes US R&D Champions ETF updated?

The Shariah compliance status of Themes US R&D Champions 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 Themes US R&D Champions 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 Themes US R&D Champions ETF?

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

Themes US R&D Champions ETF USRD

USRD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Themes US R&D Champions ETF is classified as doubtful.

DOUBTFUL

Is Themes US R&D Champions ETF Halal?

Shariah Compliance Analysis of USRD ETF

US Equity Total Market

No. As of September 2026, Themes US R&D Champions ETF (USRD) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Themes US R&D Champions ETF does not fully pass Musaffa's business and financial screening criteria.

USRD was created on 2023-12-13 by Themes. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1.01m in AUM and 52 holdings. USRD is passive, mirroring the performance of an index composed of US large- and mid-cap companies focused on Research & Development business activities.

Themes US R&D Champions ETF (USRD) Chart

Key Statistics of Themes US R&D Champions ETF (USRD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Themes US R&D Champions ETF (USRD)

As of September 2026, Themes US R&D Champions ETF USRD is classified as doubtful 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 Themes US R&D Champions ETF using these criteria to determine its compliance status.
The Shariah compliance status of Themes US R&D Champions 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 Themes US R&D Champions ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.