Is CORE16 Best of Breed Premier Index ETF halal to invest in?

As of September 2026, CORE16 Best of Breed Premier Index ETF BOBP 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 CORE16 Best of Breed Premier Index 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 CORE16 Best of Breed Premier Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CORE16 Best of Breed Premier Index ETF updated?

The Shariah compliance status of CORE16 Best of Breed Premier Index 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 CORE16 Best of Breed Premier Index 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 CORE16 Best of Breed Premier Index ETF?

You can check the latest Shariah compliance status of CORE16 Best of Breed Premier Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

CORE16 Best of Breed Premier Index ETF BOBP

BOBP Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CORE16 Best of Breed Premier Index ETF is classified as not halal.

NOT HALAL

Is CORE16 Best of Breed Premier Index ETF Halal?

Shariah Compliance Analysis of BOBP ETF

US Equity Large Cap

No. As of September 2026, CORE16 Best of Breed Premier Index ETF (BOBP) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CORE16 Best of Breed Premier Index ETF does not pass Musaffa's business and financial screening criteria.

BOBP was created on 2025-05-20 by CORE16. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 0.82m in AUM and 52 holdings. BOBP tracks an equal-weighted index of 50 US large-cap equities with perceived capital appreciation potential while minimizing short-term volatility. The fund employs a continuous 10 to 20% cash drag on the portfolio.

CORE16 Best of Breed Premier Index ETF (BOBP) Chart

Key Statistics of CORE16 Best of Breed Premier Index ETF (BOBP)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for CORE16 Best of Breed Premier Index ETF (BOBP)

As of September 2026, CORE16 Best of Breed Premier Index ETF BOBP 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 CORE16 Best of Breed Premier Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of CORE16 Best of Breed Premier Index 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 CORE16 Best of Breed Premier Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.