SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG
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LQIG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, SPDR MarketAxess Investment Grade 400 Corporate Bond ETF is classified as not halal.
NOT HALAL
Is SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Halal?
Shariah Compliance Analysis of LQIG ETF
US Fixed Income Investment Grade No. As of September 2026, SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF does not pass Musaffa's business and financial screening criteria.
LQIG was created on 2022-05-11 by SPDR. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 19.13m in AUM and 375 holdings. LQIG tracks an index of 400 highly liquid, investment grade, corporate USD-denominated bonds. The index selects constituents using a proprietary methodology that favors bonds with greater liquidity, and weights individual bonds by market value.
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) Chart
Key Statistics of SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG)
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-FAQ's for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG)
- As of September 2026, SPDR MarketAxess Investment Grade 400 Corporate Bond ETF LQIG 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 SPDR MarketAxess Investment Grade 400 Corporate Bond ETF using these criteria to determine its compliance status.
- The Shariah compliance status of SPDR MarketAxess Investment Grade 400 Corporate Bond 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 SPDR MarketAxess Investment Grade 400 Corporate Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.