Is Nippon India ETF Nifty PSU Bank BeES halal to invest in?

As of September 2026, Nippon India ETF Nifty PSU Bank BeES 590108.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 Nippon India ETF Nifty PSU Bank BeES 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 Nippon India ETF Nifty PSU Bank BeES using these criteria to determine its compliance status.

How often is the Shariah compliance for Nippon India ETF Nifty PSU Bank BeES updated?

The Shariah compliance status of Nippon India ETF Nifty PSU Bank BeES may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Nippon India ETF Nifty PSU Bank BeES 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 Nippon India ETF Nifty PSU Bank BeES?

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

Nippon India ETF Nifty PSU Bank BeES 590108.BO

590108.BO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nippon India ETF Nifty PSU Bank BeES is classified as not halal.

NOT HALAL

Is Nippon India ETF Nifty PSU Bank BeES Halal?

Shariah Compliance Analysis of 590108.BO ETF

IN Equity Financials

No. As of September 2026, Nippon India ETF Nifty PSU Bank BeES (590108.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nippon India ETF Nifty PSU Bank BeES does not pass Musaffa's business and financial screening criteria.

590108.BO was created on 2007-10-24 by Nippon. The fund's investment portfolio concentrates primarily on financials equity. The investment objective of Nippon India ETF PSU Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty PSU Bank Index.

Nippon India ETF Nifty PSU Bank BeES (590108.BO) Chart

Key Statistics of Nippon India ETF Nifty PSU Bank BeES (590108.BO)

Today's Open

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FAQ's for Nippon India ETF Nifty PSU Bank BeES (590108.BO)

As of September 2026, Nippon India ETF Nifty PSU Bank BeES 590108.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 Nippon India ETF Nifty PSU Bank BeES using these criteria to determine its compliance status.
The Shariah compliance status of Nippon India ETF Nifty PSU Bank BeES 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 Nippon India ETF Nifty PSU Bank BeES on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.