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Breakwave Dry Bulk Shipping ETF

BDRY: Is Breakwave Dry Bulk Shipping ETF Halal?

Breakwave Dry Bulk Shipping ETF

AMEXFinancial ServicesUS

$13.89

Market Cap: 45.2M

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About Breakwave Dry Bulk Shipping ETF

The Breakwave Dry Bulk Shipping ETF, or BDRY, is an investment vehicle engineered to track the daily price changes of short-term dry bulk freight futures. It offers investors direct, unleveraged access to the dry bulk shipping market without requiring the establishment of a futures trading account.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 9, 2026

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Why there is no verdict: this fund holds commodity or currency futures contracts, with cash and Treasury bills held as collateral, rather than shares of companies. A holdings look-through does not apply, and how futures and their collateral should be ruled is not settled in our methodology, so we withhold a verdict rather than guess.

Basket Composition

0% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

100%
Halal0%
Doubtful0%
Not Halal0%
Unknown100%
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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Under Review, unchanged since Sep 2026.

No status changes recorded since we began tracking.

Tracked since Sep 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Breakwave Dry Bulk Shipping ETF (BDRY) halal to invest in?
HalalScreener has not published a verdict on Breakwave Dry Bulk Shipping ETF (BDRY): the fund is under review, and the page above says why. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.
Why did Breakwave Dry Bulk Shipping ETF get a C+ compliance rating?
Breakwave Dry Bulk Shipping ETF carries no grade while its verdict is withheld.
What could change Breakwave Dry Bulk Shipping ETF's Shariah verdict?
Breakwave Dry Bulk Shipping ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.
How often is Breakwave Dry Bulk Shipping ETF re-screened for Shariah compliance?
Breakwave Dry Bulk Shipping ETF is re-screened as its published holdings change. Last screened: Oct 9, 2026.

Screened by holdings look-through under AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.