As of September 2026, Bluemonte Large Cap Core ETF is classified as not halal.
NOT HALAL
Is Bluemonte Large Cap Core ETF Halal?
Shariah Compliance Analysis of BLUC ETF
US Equity Large Cap
No. As of September 2026, Bluemonte Large Cap Core ETF (BLUC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bluemonte Large Cap Core ETF does not pass Musaffa's business and financial screening criteria.
BLUC was created on 2025-06-20 by Bluemonte. The fund's investment portfolio concentrates primarily on large cap equity. BLUC provides exposure to large-cap companies through a fund-of-funds approach. The actively managed fund uses both a top-down and bottom-up approach to select equities.
Bluemonte Large Cap Core ETF (BLUC) Chart
Key Statistics of Bluemonte Large Cap Core ETF (BLUC)
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FAQ's for Bluemonte Large Cap Core ETF (BLUC)
As of September 2026, Bluemonte Large Cap Core ETF BLUC 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 Bluemonte Large Cap Core ETF using these criteria to determine its compliance status.
The Shariah compliance status of Bluemonte Large Cap Core 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 Bluemonte Large Cap Core ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.