Tema Space Innovators ETF (NASA) - Questionable
Tema Space Innovators ETF (NASA) 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
- NASA is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About Tema Space Innovators ETF
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies that are engaged in “space-related business”. It is non-diversified.
Frequently Asked Questions
Is Tema Space Innovators ETF (NASA) stock halal to invest in?
According to AAOIFI Shariah screening standards, Tema Space Innovators ETF (NASA) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does Tema Space Innovators ETF have any interest income?
Interest income data for Tema Space Innovators ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if NASA stock is Shariah-compliant?
NASA 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 Tema Space Innovators ETF stock reviewed for Shariah compliance?
Tema Space Innovators 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.