Is Angel Oak Income ETF halal to invest in?

As of September 2026, Angel Oak Income ETF CARY 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 Angel Oak Income 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 Angel Oak Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Angel Oak Income ETF updated?

The Shariah compliance status of Angel Oak Income 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 Angel Oak Income 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 Angel Oak Income ETF?

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

Angel Oak Income ETF CARY

CARY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Angel Oak Income ETF is classified as not halal.

NOT HALAL

Is Angel Oak Income ETF Halal?

Shariah Compliance Analysis of CARY ETF

US Fixed Income Broad Credit

No. As of September 2026, Angel Oak Income ETF (CARY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Angel Oak Income ETF does not pass Musaffa's business and financial screening criteria.

CARY was created on 2022-11-07 by Angel Oak. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 728.08m in AUM and 664 holdings. CARY is an actively managed fund that aims for current income by broadly investing in USD-denominated fixed income securities with a tilt towards structured products and residential mortgage. Securities could be of any credit quality or maturity.

Angel Oak Income ETF (CARY) Chart

Key Statistics of Angel Oak Income ETF (CARY)

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FAQ's for Angel Oak Income ETF (CARY)

As of September 2026, Angel Oak Income ETF CARY 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 Angel Oak Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of Angel Oak Income 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 Angel Oak Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.