Is Eldridge BBB-B CLO ETF halal to invest in?

As of September 2026, Eldridge BBB-B CLO ETF CLOZ 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 BBB-B 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 BBB-B CLO ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Eldridge BBB-B CLO ETF updated?

The Shariah compliance status of Eldridge BBB-B 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 BBB-B 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 BBB-B CLO ETF?

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

Eldridge BBB-B CLO ETF CLOZ

CLOZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Eldridge BBB-B CLO ETF is classified as not halal.

NOT HALAL

Is Eldridge BBB-B CLO ETF Halal?

Shariah Compliance Analysis of CLOZ ETF

US Fixed Income Broad Credit

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

CLOZ was created on 2023-01-24 by Eldridge. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 764.85m in AUM and 203 holdings. CLOZ actively invests in USD-denominated collateralized loan obligations of any maturity that are rated between BBB+ and B-.

Eldridge BBB-B CLO ETF (CLOZ) Chart

Key Statistics of Eldridge BBB-B CLO ETF (CLOZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for Eldridge BBB-B CLO ETF (CLOZ)

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