Is BNY Mellon Innovators ETF halal to invest in?

As of September 2026, BNY Mellon Innovators ETF BKIV 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 BNY Mellon Innovators 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 BNY Mellon Innovators ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BNY Mellon Innovators ETF updated?

The Shariah compliance status of BNY Mellon Innovators 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 BNY Mellon Innovators 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 BNY Mellon Innovators ETF?

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

BNY Mellon Innovators ETF BKIV

BKIV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BNY Mellon Innovators ETF is classified as not halal.

NOT HALAL

Is BNY Mellon Innovators ETF Halal?

Shariah Compliance Analysis of BKIV ETF

US Equity Theme

No. As of September 2026, BNY Mellon Innovators ETF (BKIV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BNY Mellon Innovators ETF does not pass Musaffa's business and financial screening criteria.

BKIV was created on 2023-05-16 by BNY Mellon. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 17.69m in AUM and 49 holdings. BKIV is an actively managed fund that broadly invests in US stocks perceived to be driven by innovation. The fund selects companies by employing a growth-oriented approach that combines thematic insights and fundamental research.

BNY Mellon Innovators ETF (BKIV) Chart

Key Statistics of BNY Mellon Innovators ETF (BKIV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
36.09%
Information Technology
26.13%
Communication Services
7.62%
Other
7.50%
Consumer Discretionary
7.45%
Consumer Staples
7.13%
Real Estate
3.60%
Financials
2.92%
Energy
1.56%

FAQ's for BNY Mellon Innovators ETF (BKIV)

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