Is North Shore Equity Rotation ETF halal to invest in?

As of September 2026, North Shore Equity Rotation ETF KOOL 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 North Shore Equity Rotation 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 North Shore Equity Rotation ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for North Shore Equity Rotation ETF updated?

The Shariah compliance status of North Shore Equity Rotation 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 North Shore Equity Rotation 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 North Shore Equity Rotation ETF?

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

North Shore Equity Rotation ETF KOOL

KOOL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, North Shore Equity Rotation ETF is classified as not halal.

NOT HALAL

Is North Shore Equity Rotation ETF Halal?

Shariah Compliance Analysis of KOOL ETF

US Equity Total Market

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

KOOL was created on 2024-04-02 by North Shore. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 52.98m in AUM and 41 holdings. KOOL is actively managed, aiming to outperform the S&P 500 index by investing globally in stocks of any market capitalization. Investments are adjusted towards sectors the funds adviser identifies as possessing the greatest performance potential.

North Shore Equity Rotation ETF (KOOL) Chart

Key Statistics of North Shore Equity Rotation ETF (KOOL)

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FAQ's for North Shore Equity Rotation ETF (KOOL)

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