Innovator Equity Defined Protection ETF - 1 Yr August ZAUG
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ZAUG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Innovator Equity Defined Protection ETF - 1 Yr August is classified as not halal.
NOT HALAL
Is Innovator Equity Defined Protection ETF - 1 Yr August Halal?
Shariah Compliance Analysis of ZAUG ETF
US Equity Large Cap No. As of September 2026, Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Innovator Equity Defined Protection ETF - 1 Yr August does not pass Musaffa's business and financial screening criteria.
ZAUG was created on 2024-08-01 by Innovator. The fund's investment portfolio concentrates primarily on large cap equity. ZAUG seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, with 100% downside hedge over a one year outcome period. The actively managed fund holds FLEX options to obtain exposure. The fund aims to outperform cash holdings.
Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) Chart
Key Statistics of Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG)
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-FAQ's for Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG)
- As of September 2026, Innovator Equity Defined Protection ETF - 1 Yr August ZAUG 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 Innovator Equity Defined Protection ETF - 1 Yr August using these criteria to determine its compliance status.
- The Shariah compliance status of Innovator Equity Defined Protection ETF - 1 Yr August 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 Innovator Equity Defined Protection ETF - 1 Yr August on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.