Is NYLI Candriam U.S. Mid Cap Equity ETF halal to invest in?

As of September 2026, NYLI Candriam U.S. Mid Cap Equity ETF IQSM 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 U.S. Mid Cap 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 U.S. Mid Cap Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI Candriam U.S. Mid Cap Equity ETF updated?

The Shariah compliance status of NYLI Candriam U.S. Mid Cap 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 U.S. Mid Cap 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 U.S. Mid Cap Equity ETF?

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

NYLI Candriam U.S. Mid Cap Equity ETF IQSM

IQSM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI Candriam U.S. Mid Cap Equity ETF is classified as not halal.

NOT HALAL

Is NYLI Candriam U.S. Mid Cap Equity ETF Halal?

Shariah Compliance Analysis of IQSM ETF

US Equity Mid Cap

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

IQSM was created on 2022-10-25 by New York Life Investments. The fund's investment portfolio concentrates primarily on mid cap equity. IQSM tracks a market cap-weighted index that provides exposure to US mid-cap stocks that meet environmental, social, and corporate governance criteria.

NYLI Candriam U.S. Mid Cap Equity ETF (IQSM) Chart

Key Statistics of NYLI Candriam U.S. Mid Cap Equity ETF (IQSM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
20.02%
Consumer Discretionary
14.95%
Information Technology
13.78%
Financials
13.27%
Health Care
11.68%
Real Estate
9.45%
Materials
6.33%
Consumer Staples
3.50%
Energy
2.96%
Communication Services
2.51%
Utilities
0.88%
Other
0.67%

FAQ's for NYLI Candriam U.S. Mid Cap Equity ETF (IQSM)

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