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Defiance Large Cap ex-Mag 7 ETF XMAG

Is Defiance Large Cap ex-Mag 7 ETF Halal?

Shariah Compliance Analysis of XMAG ETF

No. As of October 2026, Defiance Large Cap ex-Mag 7 ETF (XMAG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

XMAG was created on 2024-10-21 by Defiance. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 96.5m in AUM and 495 holdings. XMAG tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks. Portfolio holdings are market-cap weighted.

XMAG Shariah Compliance

As of October 2026, Defiance Large Cap ex-Mag 7 ETF is classified as not halal.

NOT HALAL

Defiance Large Cap ex-Mag 7 ETF (XMAG) Chart

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