Is Mirae Asset Nifty 1D Rate Liquid ETF Units halal to invest in?

As of September 2026, Mirae Asset Nifty 1D Rate Liquid ETF Units 543946.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 Mirae Asset Nifty 1D Rate Liquid ETF Units 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 Mirae Asset Nifty 1D Rate Liquid ETF Units using these criteria to determine its compliance status.

How often is the Shariah compliance for Mirae Asset Nifty 1D Rate Liquid ETF Units updated?

The Shariah compliance status of Mirae Asset Nifty 1D Rate Liquid ETF Units may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Mirae Asset Nifty 1D Rate Liquid ETF Units 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 Mirae Asset Nifty 1D Rate Liquid ETF Units?

You can check the latest Shariah compliance status of Mirae Asset Nifty 1D Rate Liquid ETF Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Mirae Asset Nifty 1D Rate Liquid ETF Units 543946.BO

543946.BO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Mirae Asset Nifty 1D Rate Liquid ETF Units is classified as not halal.

NOT HALAL

Is Mirae Asset Nifty 1D Rate Liquid ETF Units Halal?

Shariah Compliance Analysis of 543946.BO ETF

IN Fixed Income Broad Credit

No. As of September 2026, Mirae Asset Nifty 1D Rate Liquid ETF Units (543946.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mirae Asset Nifty 1D Rate Liquid ETF Units does not pass Musaffa's business and financial screening criteria.

543946.BO was created on 2023-07-24 by Mirae Asset. The fund's investment portfolio concentrates primarily on broad credit fixed income. The investment objective is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo

Mirae Asset Nifty 1D Rate Liquid ETF Units (543946.BO) Chart

Key Statistics of Mirae Asset Nifty 1D Rate Liquid ETF Units (543946.BO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Mirae Asset Nifty 1D Rate Liquid ETF Units (543946.BO)

As of September 2026, Mirae Asset Nifty 1D Rate Liquid ETF Units 543946.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 1D Rate Liquid ETF Units using these criteria to determine its compliance status.
The Shariah compliance status of Mirae Asset Nifty 1D Rate Liquid ETF Units 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 1D Rate Liquid ETF Units on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.