
TRXS: Is Canary Staked TRX ETF Halal?
Canary Staked TRX ETF
$24.48
Market Cap: 49.7M
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About Canary Staked TRX ETF
TRXS seeks to provide investment results that reflect the daily price movements of TRONIX (TRX), along with additional TRX generated through staking. The fund gains exposure to TRX by holding the token directly and determines its NAV based on the CoinDesk Tron Benchmark Rate 60m NY Rate. This rate is a 60-minute time-weighted average price derived from executed trades across major TRX trading platforms. Most of the TRX held by the fund is staked with third-party validators to earn staking rewards, of which the fund retains approximately 90% after staking fees. The TRON network is designed to facilitate high-speed, low-cost transactions and support the creation of decentralized applications (dApps), with a particular emphasis on content sharing and entertainment services. TRSX does not use leverage, derivatives, lending, or asset pledging.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why TRXS is rated Under Review with institutional-grade analysis
Basket Composition
0% of basket screenedETFs 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.
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.
Screened according to AAOIFI Standard 21
Compliance History
Under Review, unchanged since Oct 2026.
No status changes recorded since we began tracking.
Tracked since Oct 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.