As of September 2026, VanEck AA-BB CLO ETF is classified as not halal.
NOT HALAL
Is VanEck AA-BB CLO ETF Halal?
Shariah Compliance Analysis of CLOB ETF
US Fixed Income Broad Credit
No. As of September 2026, VanEck AA-BB CLO ETF (CLOB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. VanEck AA-BB CLO ETF does not pass Musaffa's business and financial screening criteria.
CLOB was created on 2024-09-24 by VanEck. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 152.77m in AUM and 51 holdings. CLOB actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency.
VanEck AA-BB CLO ETF (CLOB) Chart
Key Statistics of VanEck AA-BB CLO ETF (CLOB)
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FAQ's for VanEck AA-BB CLO ETF (CLOB)
As of September 2026, VanEck AA-BB CLO ETF CLOB 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 VanEck AA-BB CLO ETF using these criteria to determine its compliance status.
The Shariah compliance status of VanEck AA-BB CLO 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 VanEck AA-BB CLO ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.