Is IndexIQ ETF Trust IQ U.S. Large Cap ETF halal to invest in?

As of September 2026, IndexIQ ETF Trust IQ U.S. Large Cap ETF CLRG 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 IndexIQ ETF Trust IQ U.S. Large Cap 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 IndexIQ ETF Trust IQ U.S. Large Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for IndexIQ ETF Trust IQ U.S. Large Cap ETF updated?

The Shariah compliance status of IndexIQ ETF Trust IQ U.S. Large Cap 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 IndexIQ ETF Trust IQ U.S. Large Cap 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 IndexIQ ETF Trust IQ U.S. Large Cap ETF?

You can check the latest Shariah compliance status of IndexIQ ETF Trust IQ U.S. Large Cap ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

IndexIQ ETF Trust IQ U.S. Large Cap ETF CLRG

CLRG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, IndexIQ ETF Trust IQ U.S. Large Cap ETF is classified as not halal.

NOT HALAL

Is IndexIQ ETF Trust IQ U.S. Large Cap ETF Halal?

Shariah Compliance Analysis of CLRG ETF

US Equity Large Cap

No. As of September 2026, IndexIQ ETF Trust IQ U.S. Large Cap ETF (CLRG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. IndexIQ ETF Trust IQ U.S. Large Cap ETF does not pass Musaffa's business and financial screening criteria.

CLRG was created on 2017-12-13 by IndexIQ. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 29.71m in AUM and 102 holdings. CLRG tracks an equal-weighted index of large-cap US stocks selected based on a multi-factor model.

IndexIQ ETF Trust IQ U.S. Large Cap ETF (CLRG) Chart

Key Statistics of IndexIQ ETF Trust IQ U.S. Large Cap ETF (CLRG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
19.96%
Financials
16.89%
Health Care
15.87%
Industrials
14.00%
Consumer Discretionary
9.27%
Consumer Staples
8.38%
Energy
4.80%
Communication Services
3.24%
Real Estate
2.68%
Utilities
1.76%
Other
1.59%
Materials
1.56%

FAQ's for IndexIQ ETF Trust IQ U.S. Large Cap ETF (CLRG)

As of September 2026, IndexIQ ETF Trust IQ U.S. Large Cap ETF CLRG 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 IndexIQ ETF Trust IQ U.S. Large Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of IndexIQ ETF Trust IQ U.S. Large Cap 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 IndexIQ ETF Trust IQ U.S. Large Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.