Is NYLI MacKay Core Plus Bond ETF halal to invest in?

As of September 2026, NYLI MacKay Core Plus Bond ETF CPLB 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 NYLI MacKay Core Plus Bond 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 NYLI MacKay Core Plus Bond ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI MacKay Core Plus Bond ETF updated?

The Shariah compliance status of NYLI MacKay Core Plus Bond 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 NYLI MacKay Core Plus Bond 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 NYLI MacKay Core Plus Bond ETF?

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

NYLI MacKay Core Plus Bond ETF CPLB

CPLB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI MacKay Core Plus Bond ETF is classified as not halal.

NOT HALAL

Is NYLI MacKay Core Plus Bond ETF Halal?

Shariah Compliance Analysis of CPLB ETF

US Fixed Income Broad Credit

No. As of September 2026, NYLI MacKay Core Plus Bond ETF (CPLB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NYLI MacKay Core Plus Bond ETF does not pass Musaffa's business and financial screening criteria.

CPLB was created on 2021-06-29 by New York Life Investments. The fund's investment portfolio concentrates primarily on broad credit fixed income. CPLB actively invests in a wide range of corporate, government, mortgage-related and asset-backed securities, while aiming to maintain a portfolio modified duration to worst within 2.5 years of its benchmark. Up to 30% may be invested in high yield bonds, and up to 20% in foreign issuers.

NYLI MacKay Core Plus Bond ETF (CPLB) Chart

Key Statistics of NYLI MacKay Core Plus Bond ETF (CPLB)

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FAQ's for NYLI MacKay Core Plus Bond ETF (CPLB)

As of September 2026, NYLI MacKay Core Plus Bond ETF CPLB 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 NYLI MacKay Core Plus Bond ETF using these criteria to determine its compliance status.
The Shariah compliance status of NYLI MacKay Core Plus Bond 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 NYLI MacKay Core Plus Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.