Is FIS Bright Portfolios Focused Equity ETF halal to invest in?

As of September 2026, FIS Bright Portfolios Focused Equity ETF BRIF 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 FIS Bright Portfolios Focused Equity 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 FIS Bright Portfolios Focused Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for FIS Bright Portfolios Focused Equity ETF updated?

The Shariah compliance status of FIS Bright Portfolios Focused Equity 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 FIS Bright Portfolios Focused Equity 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 FIS Bright Portfolios Focused Equity ETF?

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

FIS Bright Portfolios Focused Equity ETF BRIF

BRIF Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FIS Bright Portfolios Focused Equity ETF is classified as not halal.

NOT HALAL

Is FIS Bright Portfolios Focused Equity ETF Halal?

Shariah Compliance Analysis of BRIF ETF

US Equity Large Cap

No. As of September 2026, FIS Bright Portfolios Focused Equity ETF (BRIF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FIS Bright Portfolios Focused Equity ETF does not pass Musaffa's business and financial screening criteria.

BRIF was created on 2024-12-20 by Faith Investor Services. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 105.54m in AUM and 51 holdings. BRIF actively selects US large-cap stocks based the advisers definition of upholding Christian values combined with an assessment for growth at a reasonable price.

FIS Bright Portfolios Focused Equity ETF (BRIF) Chart

Key Statistics of FIS Bright Portfolios Focused Equity ETF (BRIF)

Today's Open

AUM

Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for FIS Bright Portfolios Focused Equity ETF (BRIF)

As of September 2026, FIS Bright Portfolios Focused Equity ETF BRIF 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 FIS Bright Portfolios Focused Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of FIS Bright Portfolios Focused 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 FIS Bright Portfolios Focused Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.