Is Veridien Climate Action ETF halal to invest in?

As of September 2026, Veridien Climate Action ETF CLIA 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 Veridien Climate Action 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 Veridien Climate Action ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Veridien Climate Action ETF updated?

The Shariah compliance status of Veridien Climate Action 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 Veridien Climate Action 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 Veridien Climate Action ETF?

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

Veridien Climate Action ETF CLIA

CLIA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Veridien Climate Action ETF is classified as not halal.

NOT HALAL

Is Veridien Climate Action ETF Halal?

Shariah Compliance Analysis of CLIA ETF

US Equity Theme

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

CLIA was created on 2023-05-08 by Veridien. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 26.38m in AUM and 44 holdings. CLIA is an actively managed, non-transparent ETF that seeks to invest in companies, via US-listed stocks or ADRs from around the world, that are considered to be making a substantial contribution to mitigating climate change. The fund utilizes the Precidian non-transparent model.

Veridien Climate Action ETF (CLIA) Chart

Key Statistics of Veridien Climate Action ETF (CLIA)

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FAQ's for Veridien Climate Action ETF (CLIA)

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