Is iShares Short-Term California Muni Active ETF halal to invest in?

As of September 2026, iShares Short-Term California Muni Active ETF CALI 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 Short-Term California Muni Active 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 Short-Term California Muni Active ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Short-Term California Muni Active ETF updated?

The Shariah compliance status of iShares Short-Term California Muni Active 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 Short-Term California Muni Active 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 Short-Term California Muni Active ETF?

You can check the latest Shariah compliance status of iShares Short-Term California Muni Active ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares Short-Term California Muni Active ETF CALI

CALI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Short-Term California Muni Active ETF is classified as not halal.

NOT HALAL

Is iShares Short-Term California Muni Active ETF Halal?

Shariah Compliance Analysis of CALI ETF

US Fixed Income Investment Grade

No. As of September 2026, iShares Short-Term California Muni Active ETF (CALI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Short-Term California Muni Active ETF does not pass Musaffa's business and financial screening criteria.

CALI was created on 2023-07-11 by iShares. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 209.02m in AUM and 158 holdings. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years.

iShares Short-Term California Muni Active ETF (CALI) Chart

Key Statistics of iShares Short-Term California Muni Active ETF (CALI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for iShares Short-Term California Muni Active ETF (CALI)

As of September 2026, iShares Short-Term California Muni Active ETF CALI 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 Short-Term California Muni Active ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares Short-Term California Muni Active 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 Short-Term California Muni Active ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.