Is NYLI MacKay High Income ETF halal to invest in?

As of September 2026, NYLI MacKay High Income ETF IQHI 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 MacKay High Income 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 MacKay High Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI MacKay High Income ETF updated?

The Shariah compliance status of NYLI MacKay High Income 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 MacKay High Income 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 MacKay High Income ETF?

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

NYLI MacKay High Income ETF IQHI

IQHI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI MacKay High Income ETF is classified as not halal.

NOT HALAL

Is NYLI MacKay High Income ETF Halal?

Shariah Compliance Analysis of IQHI ETF

US Fixed Income High Yield

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

IQHI was created on 2022-10-25 by New York Life Investments. The fund's investment portfolio concentrates primarily on high yield fixed income. IQHI is an actively managed fund that provides broad exposure to high-yield corporate bonds of various maturities from around the world. The fund seeks to maximize current income.

NYLI MacKay High Income ETF (IQHI) Chart

Key Statistics of NYLI MacKay High Income ETF (IQHI)

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FAQ's for NYLI MacKay High Income ETF (IQHI)

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