Is NEOS Enhanced Income Credit Select ETF halal to invest in?

As of September 2026, NEOS Enhanced Income Credit Select ETF HYBI 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 NEOS Enhanced Income Credit Select 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 NEOS Enhanced Income Credit Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NEOS Enhanced Income Credit Select ETF updated?

The Shariah compliance status of NEOS Enhanced Income Credit Select 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 NEOS Enhanced Income Credit Select 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 NEOS Enhanced Income Credit Select ETF?

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

NEOS Enhanced Income Credit Select ETF HYBI

HYBI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NEOS Enhanced Income Credit Select ETF is classified as not halal.

NOT HALAL

Is NEOS Enhanced Income Credit Select ETF Halal?

Shariah Compliance Analysis of HYBI ETF

US Fixed Income Broad Credit

No. As of September 2026, NEOS Enhanced Income Credit Select ETF (HYBI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NEOS Enhanced Income Credit Select ETF does not pass Musaffa's business and financial screening criteria.

HYBI was created on 2024-09-30 by Neos. The fund's investment portfolio concentrates primarily on broad credit fixed income. HYBI is an actively managed fund-of-funds, investing in US bonds via ETFs and using S&P 500 put options for tax-efficient monthly income. The fund seeks to balance investments in high-yield and investment-grade securities, aiming for total return.

NEOS Enhanced Income Credit Select ETF (HYBI) Chart

Key Statistics of NEOS Enhanced Income Credit Select ETF (HYBI)

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FAQ's for NEOS Enhanced Income Credit Select ETF (HYBI)

As of September 2026, NEOS Enhanced Income Credit Select ETF HYBI 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 NEOS Enhanced Income Credit Select ETF using these criteria to determine its compliance status.
The Shariah compliance status of NEOS Enhanced Income Credit Select 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 NEOS Enhanced Income Credit Select ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.