Roundhill Memory ETF (DRAM) - Questionable
Roundhill Memory ETF (DRAM) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- DRAM is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About Roundhill Memory ETF
The fund will generally seek to invest primarily in the equity securities of “Memory Companies,” but may also seek exposure to Memory Companies through derivative instruments, such as swap agreements and forward contracts. Under normal circumstances, it invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities or instruments (i.e., swap agreements or forward contracts) that provide exposure to Memory Companies. The fund is non-diversified.
Frequently Asked Questions
Is Roundhill Memory ETF (DRAM) stock halal to invest in?
According to AAOIFI Shariah screening standards, Roundhill Memory ETF (DRAM) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does Roundhill Memory ETF have any interest income?
Interest income data for Roundhill Memory ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if DRAM stock is Shariah-compliant?
DRAM is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Roundhill Memory ETF stock reviewed for Shariah compliance?
Roundhill Memory ETF's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.