NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Tue, Apr 7 06:50 PM
Tuesday, April 7, 2026 6:50:49 PM
Non-Compliant
MSOX
Quality Rating
B
Minimal compliance quality
MSOX, an ETF tracking the US cannabis sector, fails Shariah compliance primarily due to involvement in haram activities related to intoxicants. Financial ratios cannot be assessed due to insufficient ETF data, but business activity screening disqualifies it across standards. No inclusion in major Shariah indices confirms non-compliance. ESG factors reveal moderate to high risks in environmental and social areas, with ongoing controversies. Investors should avoid or seek purification, though core haram nature limits viability.
Purification Required
0.00%
minimal
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices
Key Compliance Considerations
- Core business activity in cannabis (intoxicants) exceeds permissible thresholds
- Insufficient financial data prevents ratio-based assessment, but does not override haram classification
- Exclusion from all major Shariah indices due to sector focus
- ESG controversies in labor and environmental areas amplify compliance risks
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%