Is NYLI Candriam International Equity ETF halal to invest in?

As of September 2026, NYLI Candriam International Equity ETF IQSI 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 Candriam International Equity 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 Candriam International Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI Candriam International Equity ETF updated?

The Shariah compliance status of NYLI Candriam International Equity 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 Candriam International Equity 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 Candriam International Equity ETF?

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

NYLI Candriam International Equity ETF IQSI

IQSI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI Candriam International Equity ETF is classified as not halal.

NOT HALAL

Is NYLI Candriam International Equity ETF Halal?

Shariah Compliance Analysis of IQSI ETF

US Equity Total Market

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

IQSI was created on 2019-12-17 by New York Life Investments. The fund's investment portfolio concentrates primarily on total market equity. IQSI tracks a proprietary index of developed-market stocks selected by ESG criteria and weighted by market-cap.

NYLI Candriam International Equity ETF (IQSI) Chart

Key Statistics of NYLI Candriam International Equity ETF (IQSI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
19.75%
Industrials
15.06%
Health Care
12.94%
Consumer Discretionary
12.25%
Information Technology
12.09%
Consumer Staples
8.15%
Materials
5.53%
Communication Services
4.84%
Utilities
3.21%
Real Estate
3.00%
Other
2.22%
Energy
0.96%

FAQ's for NYLI Candriam International Equity ETF (IQSI)

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