Is Allspring Ultra Short Municipal ETF halal to invest in?

As of September 2026, Allspring Ultra Short Municipal ETF AUSM 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 Allspring Ultra Short Municipal 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 Allspring Ultra Short Municipal ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Allspring Ultra Short Municipal ETF updated?

The Shariah compliance status of Allspring Ultra Short Municipal 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 Allspring Ultra Short Municipal 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 Allspring Ultra Short Municipal ETF?

You can check the latest Shariah compliance status of Allspring Ultra Short Municipal ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Allspring Ultra Short Municipal ETF AUSM

AUSM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Allspring Ultra Short Municipal ETF is classified as not halal.

NOT HALAL

Is Allspring Ultra Short Municipal ETF Halal?

Shariah Compliance Analysis of AUSM ETF

US Fixed Income Investment Grade

No. As of September 2026, Allspring Ultra Short Municipal ETF (AUSM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Allspring Ultra Short Municipal ETF does not pass Musaffa's business and financial screening criteria.

AUSM was created on 2025-07-08 by Allspring. The fund's investment portfolio concentrates primarily on investment grade fixed income. AUSM is actively managed, investing in a portfolio of ultra-short term municipal securities with investment grade ratings. The fund combines top-down and bottom-up research for security selection.

Allspring Ultra Short Municipal ETF (AUSM) Chart

Key Statistics of Allspring Ultra Short Municipal ETF (AUSM)

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FAQ's for Allspring Ultra Short Municipal ETF (AUSM)

As of September 2026, Allspring Ultra Short Municipal ETF AUSM 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 Allspring Ultra Short Municipal ETF using these criteria to determine its compliance status.
The Shariah compliance status of Allspring Ultra Short Municipal 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 Allspring Ultra Short Municipal ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.