Is ICICI Prudential BSE Midcap Select ETF halal to invest in?

As of September 2026, ICICI Prudential BSE Midcap Select ETF 539980.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is ICICI Prudential BSE Midcap Select ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes ICICI Prudential BSE Midcap Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ICICI Prudential BSE Midcap Select ETF updated?

The Shariah compliance status of ICICI Prudential BSE Midcap Select ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like ICICI Prudential BSE Midcap Select ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of ICICI Prudential BSE Midcap Select ETF?

You can check the latest Shariah compliance status of ICICI Prudential BSE Midcap Select ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ICICI Prudential BSE Midcap Select ETF 539980.BO

539980.BO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ICICI Prudential BSE Midcap Select ETF is classified as not halal.

NOT HALAL

Is ICICI Prudential BSE Midcap Select ETF Halal?

Shariah Compliance Analysis of 539980.BO ETF

IN Equity Mid Cap

No. As of September 2026, ICICI Prudential BSE Midcap Select ETF (539980.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ICICI Prudential BSE Midcap Select ETF does not pass Musaffa's business and financial screening criteria.

539980.BO was created on 2016-07-04 by ICICI. The fund's investment portfolio concentrates primarily on mid cap equity. The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the Underlying Index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

ICICI Prudential BSE Midcap Select ETF (539980.BO) Chart

Key Statistics of ICICI Prudential BSE Midcap Select ETF (539980.BO)

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FAQ's for ICICI Prudential BSE Midcap Select ETF (539980.BO)

As of September 2026, ICICI Prudential BSE Midcap Select ETF 539980.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes ICICI Prudential BSE Midcap Select ETF using these criteria to determine its compliance status.
The Shariah compliance status of ICICI Prudential BSE Midcap Select ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of ICICI Prudential BSE Midcap Select ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.