Is Preferred-Plus ETF halal to invest in?

As of September 2026, Preferred-Plus ETF IPPP 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 Preferred-Plus 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 Preferred-Plus ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Preferred-Plus ETF updated?

The Shariah compliance status of Preferred-Plus 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 Preferred-Plus 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 Preferred-Plus ETF?

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

Preferred-Plus ETF IPPP

IPPP Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Preferred-Plus ETF is classified as not halal.

NOT HALAL

Is Preferred-Plus ETF Halal?

Shariah Compliance Analysis of IPPP ETF

US Fixed Income Broad Credit

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

IPPP was created on 2022-03-07 by Innovative Portfolios. The fund's investment portfolio concentrates primarily on broad credit fixed income. IPPP provides exposure by holding preferred securities issued by US and non-US companies, with a 10% exposure to the S&P 500 ETF using a credit spread options strategy.

Preferred-Plus ETF (IPPP) Chart

Key Statistics of Preferred-Plus ETF (IPPP)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
99.98%
Financials
0.02%

FAQ's for Preferred-Plus ETF (IPPP)

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