Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund 542922.BO
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542922.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund is classified as not halal.
NOT HALAL
Is Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund Halal?
Shariah Compliance Analysis of 542922.BO ETF
IN Equity Large Cap No. As of September 2026, Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund (542922.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund does not pass Musaffa's business and financial screening criteria.
542922.BO was created on 2020-01-24 by Mirae Asset. The fund's investment portfolio concentrates primarily on large cap equity. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error. The Scheme does not guarantee or assure any returns
Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund (542922.BO) Chart
Key Statistics of Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund (542922.BO)
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-FAQ's for Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund (542922.BO)
- As of September 2026, Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund 542922.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 Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund using these criteria to determine its compliance status.
- The Shariah compliance status of Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund 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 Mirae Asset Nifty Next 50 ETF Units Exchange Traded Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.