Is Generation Z ETF Generation Z Fund halal to invest in?

As of September 2026, Generation Z ETF Generation Z Fund ZGEN 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 Generation Z ETF Generation Z Fund 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 Generation Z ETF Generation Z Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Generation Z ETF Generation Z Fund updated?

The Shariah compliance status of Generation Z ETF Generation Z Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Generation Z ETF Generation Z Fund 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 Generation Z ETF Generation Z Fund?

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

Generation Z ETF Generation Z Fund ZGEN

ZGEN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Generation Z ETF Generation Z Fund is classified as not halal.

NOT HALAL

Is Generation Z ETF Generation Z Fund Halal?

Shariah Compliance Analysis of ZGEN ETF

US Equity Theme

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

ZGEN was created on 2021-12-16 by Alpha Architect. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1.38m in AUM and 47 holdings. ZGEN is an actively managed fund that invests in global companies that are perceived to be relevant to Generation Z.

Generation Z ETF Generation Z Fund (ZGEN) Chart

Key Statistics of Generation Z ETF Generation Z Fund (ZGEN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
33.39%
Information Technology
31.91%
Communication Services
13.34%
Other
9.68%
Industrials
8.32%
Utilities
1.73%
Materials
1.63%

FAQ's for Generation Z ETF Generation Z Fund (ZGEN)

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