Is Nippon India ETF Nifty Bank BeES Halal?

590106.BO was created on 2004-05-27 by Nippon. The fund's investment portfolio concentrates primarily on financials equity. The investment objective of Nippon India ETF Nifty Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty Bank Index. There can be no assurance or guarantee that the investment objective of the Scheme will be achieved.