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

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

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

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

You can check the latest Shariah compliance status of NYLI Candriam U.S. Large 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. Large Cap Equity ETF IQSU

IQSU Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of IQSU ETF

US Equity Large Cap

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

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

NYLI Candriam U.S. Large Cap Equity ETF (IQSU) Chart

Key Statistics of NYLI Candriam U.S. Large Cap Equity ETF (IQSU)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
39.12%
Financials
13.97%
Consumer Discretionary
8.13%
Health Care
7.68%
Consumer Staples
6.79%
Industrials
6.27%
Communication Services
4.78%
Other
3.54%
Materials
3.31%
Real Estate
3.21%
Energy
1.68%
Utilities
1.52%

FAQ's for NYLI Candriam U.S. Large Cap Equity ETF (IQSU)

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