Is Range India Financials ETF halal to invest in?

As of September 2026, Range India Financials ETF INDF 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 Range India Financials 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 Range India Financials ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Range India Financials ETF updated?

The Shariah compliance status of Range India Financials 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 Range India Financials 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 Range India Financials ETF?

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

Range India Financials ETF INDF

INDF Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Range India Financials ETF is classified as not halal.

NOT HALAL

Is Range India Financials ETF Halal?

Shariah Compliance Analysis of INDF ETF

US Equity Financials

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

INDF was created on 2020-10-20 by Range. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 11.36m in AUM and 21 holdings. INDF is passively managed to select the top 20 Indian financial services companies by market capitalization.

Range India Financials ETF (INDF) Chart

Key Statistics of Range India Financials ETF (INDF)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
96.32%
Other
3.68%

FAQ's for Range India Financials ETF (INDF)

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