Is FlexShares High Yield Value-Scored Bond Index Fund halal to invest in?

As of September 2026, FlexShares High Yield Value-Scored Bond Index Fund HYGV 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 FlexShares High Yield Value-Scored Bond Index Fund 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 FlexShares High Yield Value-Scored Bond Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for FlexShares High Yield Value-Scored Bond Index Fund updated?

The Shariah compliance status of FlexShares High Yield Value-Scored Bond Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of FlexShares High Yield Value-Scored Bond Index Fund?

You can check the latest Shariah compliance status of FlexShares High Yield Value-Scored Bond Index Fund on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

FlexShares High Yield Value-Scored Bond Index Fund HYGV

HYGV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares High Yield Value-Scored Bond Index Fund is classified as not halal.

NOT HALAL

Is FlexShares High Yield Value-Scored Bond Index Fund ETF Halal?

Shariah Compliance Analysis of HYGV ETF

US Fixed Income High Yield

No. As of September 2026, FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares High Yield Value-Scored Bond Index Fund does not pass Musaffa's business and financial screening criteria.

HYGV was created on 2018-07-17 by FlexShares. The fund's investment portfolio concentrates primarily on high yield fixed income. HYGV tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity.

FlexShares High Yield Value-Scored Bond Index Fund (HYGV) Chart

Key Statistics of FlexShares High Yield Value-Scored Bond Index Fund (HYGV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
69.73%
Communication Services
5.49%
Energy
4.50%
Consumer Discretionary
4.07%
Industrials
3.98%
Materials
2.81%
Financials
2.42%
Real Estate
2.34%
Consumer Staples
1.50%
Information Technology
1.17%
Utilities
1.04%
Health Care
0.95%

FAQ's for FlexShares High Yield Value-Scored Bond Index Fund (HYGV)

As of September 2026, FlexShares High Yield Value-Scored Bond Index Fund HYGV 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 FlexShares High Yield Value-Scored Bond Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of FlexShares High Yield Value-Scored Bond Index Fund 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 FlexShares High Yield Value-Scored Bond Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.