Is NYLI Engender Equality ETF halal to invest in?

As of September 2026, NYLI Engender Equality ETF EQUL 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 Engender Equality 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 Engender Equality ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI Engender Equality ETF updated?

The Shariah compliance status of NYLI Engender Equality 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 Engender Equality 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 Engender Equality ETF?

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

NYLI Engender Equality ETF EQUL

EQUL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI Engender Equality ETF is classified as not halal.

NOT HALAL

Is NYLI Engender Equality ETF Halal?

Shariah Compliance Analysis of EQUL ETF

US Equity Large Cap

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

EQUL was created on 2021-10-21 by New York Life Investments. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 7.32m in AUM and 76 holdings. EQUL tracks an equal-weighted index of 75 large-cap US stocks with the highest gender diversity scores. Holdings are screened for various ESG factors.

NYLI Engender Equality ETF (EQUL) Chart

Key Statistics of NYLI Engender Equality ETF (EQUL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
22.86%
Consumer Discretionary
18.32%
Consumer Staples
14.68%
Health Care
11.90%
Information Technology
8.85%
Communication Services
7.07%
Industrials
5.34%
Materials
4.10%
Utilities
2.85%
Real Estate
2.82%
Other
1.21%

FAQ's for NYLI Engender Equality ETF (EQUL)

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