Is iShares US Fundamental Index ETF halal to invest in?

As of September 2026, iShares US Fundamental Index ETF CLU.NE 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 iShares US Fundamental Index 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 iShares US Fundamental Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares US Fundamental Index ETF updated?

The Shariah compliance status of iShares US Fundamental Index 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 iShares US Fundamental Index 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 iShares US Fundamental Index ETF?

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

iShares US Fundamental Index ETF CLU.NE

CLU.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares US Fundamental Index ETF is classified as not halal.

NOT HALAL

Is iShares US Fundamental Index ETF Halal?

Shariah Compliance Analysis of CLU.NE ETF

CA Equity Large Cap

No. As of September 2026, iShares US Fundamental Index ETF (CLU.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares US Fundamental Index ETF does not pass Musaffa's business and financial screening criteria.

CLU.NE was created on 2006-09-08 by iShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 111.09m in AUM and 990 holdings. The fund tracks an index of US total-market equity securities, selected and weighted based on four fundamental factors: dividends, cash flow, sales, and book value.

iShares US Fundamental Index ETF (CLU.NE) Chart

Key Statistics of iShares US Fundamental Index ETF (CLU.NE)

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FAQ's for iShares US Fundamental Index ETF (CLU.NE)

As of September 2026, iShares US Fundamental Index ETF CLU.NE 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 iShares US Fundamental Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares US Fundamental Index 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 iShares US Fundamental Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.