CNBS
Quality Rating
The Amplify Seymour Cannabis ETF (CNBS) is an actively managed fund providing exposure to the U.S. cannabis ecosystem. This report assesses its Shariah compliance across financial, business activity, ESG, and multi-perspective criteria. Due to its investment in cannabis-related businesses, classified as non-permissible under Islamic principles (intoxicants), CNBS fails core business activity screening. Financial ratios are unassessable due to ETF structure, but index exclusions confirm non-compliance. Investors should avoid or seek scholarly guidance for any medical cannabis nuances.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Core business activity: Investment in cannabis ecosystem (intoxicants, prohibited under Shariah)
- Exclusion from all major Shariah indices due to sector impermissibility
- Insufficient financial data for ratio-based screening (ETF structure)
- ESG risks from environmental impacts in cannabis cultivation
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%