Is iShares S&P US Banks UCITS ETF halal to invest in?

As of September 2026, iShares S&P US Banks UCITS ETF BNKS.L 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 iShares S&P US Banks UCITS 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 iShares S&P US Banks UCITS ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares S&P US Banks UCITS ETF updated?

The Shariah compliance status of iShares S&P US Banks UCITS 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 iShares S&P US Banks UCITS 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 iShares S&P US Banks UCITS ETF?

You can check the latest Shariah compliance status of iShares S&P US Banks UCITS ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares S&P US Banks UCITS ETF BNKS.L

BNKS.L Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares S&P US Banks UCITS ETF is classified as not halal.

NOT HALAL

Is iShares S&P US Banks UCITS ETF Halal?

Shariah Compliance Analysis of BNKS.L ETF

GB Equity Financials

No. As of September 2026, iShares S&P US Banks UCITS ETF (BNKS.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares S&P US Banks UCITS ETF does not pass Musaffa's business and financial screening criteria.

BNKS.L was created on 2018-05-21 by iShares. The fund's investment portfolio concentrates primarily on financials equity. The investment objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the S&P 900 Banks (Industry) 7/4 Capped Index

iShares S&P US Banks UCITS ETF (BNKS.L) Chart

Key Statistics of iShares S&P US Banks UCITS ETF (BNKS.L)

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FAQ's for iShares S&P US Banks UCITS ETF (BNKS.L)

As of September 2026, iShares S&P US Banks UCITS ETF BNKS.L 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 iShares S&P US Banks UCITS ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares S&P US Banks UCITS 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 iShares S&P US Banks UCITS ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.