As of September 2026, Westwood LBRTY Global Equity ETF is classified as not halal.
NOT HALAL
Is Westwood LBRTY Global Equity ETF Halal?
Shariah Compliance Analysis of BFRE ETF
US Equity Total Market
No. As of September 2026, Westwood LBRTY Global Equity ETF (BFRE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Westwood LBRTY Global Equity ETF does not pass Musaffa's business and financial screening criteria.
BFRE was created on 2025-03-27 by Westwood. The fund's investment portfolio concentrates primarily on total market equity. BFRE tracks an index of companies located in countries globally without authoritarian regimes. Stocks are selected based on democratic governance and weighted based on market-cap.
Westwood LBRTY Global Equity ETF (BFRE) Chart
Key Statistics of Westwood LBRTY Global Equity ETF (BFRE)
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FAQ's for Westwood LBRTY Global Equity ETF (BFRE)
As of September 2026, Westwood LBRTY Global Equity ETF BFRE 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 Westwood LBRTY Global Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of Westwood LBRTY Global Equity 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 Westwood LBRTY Global Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.