What is Tema Photonics & Optical ETF's Shariah compliance score?

Tema Photonics & Optical ETF (LAZR) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Tema Photonics & Optical ETF pass AAOIFI screening?

Tema Photonics & Optical ETF (LAZR) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (LAZR: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Tema Photonics & Optical ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Tema Photonics & Optical ETF (LAZR) using the latest financial data.

Where can I screen Tema Photonics & Optical ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Tema Photonics & Optical ETF (LAZR) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about LAZR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

LAZR: Is Tema Photonics & Optical ETF Halal?

Tema Photonics & Optical ETF

AMEXFinancial ServicesUS

$50.50

+6.32%

Market Cap: 1.0M

About Tema Photonics & Optical ETF

Tema Photonics & Optical ETF (the Fund) seeks to provide long-term growth.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 18, 2026

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%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your LAZR Dividends

Calculate your purification amount for LAZR dividends based on AAOIFI standards.

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Frequently Asked Questions

Is Tema Photonics & Optical ETF (LAZR) halal to invest in?

Tema Photonics & Optical ETF (LAZR) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Tema Photonics & Optical ETF get a C+ compliance rating?

Tema Photonics & Optical ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Tema Photonics & Optical ETF's Shariah verdict?

Tema Photonics & Optical 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 Tema Photonics & Optical ETF re-screened for Shariah compliance?

Tema Photonics & Optical ETF (LAZR) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 18, 2026.

Screened according to 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. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and 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.