Is Eldridge AAA CLO ETF halal to invest in?

As of September 2026, Eldridge AAA CLO ETF CLOX 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 Eldridge AAA CLO 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 Eldridge AAA CLO ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Eldridge AAA CLO ETF updated?

The Shariah compliance status of Eldridge AAA CLO 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 Eldridge AAA CLO 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 Eldridge AAA CLO ETF?

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

Eldridge AAA CLO ETF CLOX

CLOX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Eldridge AAA CLO ETF is classified as not halal.

NOT HALAL

Is Eldridge AAA CLO ETF Halal?

Shariah Compliance Analysis of CLOX ETF

US Fixed Income Investment Grade

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

CLOX was created on 2023-07-19 by Eldridge. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 269.36m in AUM and 96 holdings. CLOX is an actively managed fund that invests in USD-denominated collateralized loan obligations rated AAA and of any maturity.

Eldridge AAA CLO ETF (CLOX) Chart

Key Statistics of Eldridge AAA CLO ETF (CLOX)

Today's Open

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Avg. Volume

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FAQ's for Eldridge AAA CLO ETF (CLOX)

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