Is ICICI Prudential Nifty Private Bank ETF halal to invest in?

As of September 2026, ICICI Prudential Nifty Private Bank ETF 542758.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 Nifty Private Bank 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 Nifty Private Bank ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ICICI Prudential Nifty Private Bank ETF updated?

The Shariah compliance status of ICICI Prudential Nifty Private Bank 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 Nifty Private Bank 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 Nifty Private Bank ETF?

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

ICICI Prudential Nifty Private Bank ETF 542758.BO

542758.BO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ICICI Prudential Nifty Private Bank ETF is classified as not halal.

NOT HALAL

Is ICICI Prudential Nifty Private Bank ETF Halal?

Shariah Compliance Analysis of 542758.BO ETF

IN Equity Financials

No. As of September 2026, ICICI Prudential Nifty Private Bank ETF (542758.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ICICI Prudential Nifty Private Bank ETF does not pass Musaffa's business and financial screening criteria.

542758.BO was created on 2019-08-09 by ICICI. The fund's investment portfolio concentrates primarily on financials 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 Nifty Private Bank ETF (542758.BO) Chart

Key Statistics of ICICI Prudential Nifty Private Bank ETF (542758.BO)

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FAQ's for ICICI Prudential Nifty Private Bank ETF (542758.BO)

As of September 2026, ICICI Prudential Nifty Private Bank ETF 542758.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 Nifty Private Bank ETF using these criteria to determine its compliance status.
The Shariah compliance status of ICICI Prudential Nifty Private Bank 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 Nifty Private Bank ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.