Is NYLI U.S. Large Cap R&D Leaders ETF halal to invest in?

As of September 2026, NYLI U.S. Large Cap R&D Leaders ETF LRND 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 U.S. Large Cap R&D Leaders 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 U.S. Large Cap R&D Leaders ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI U.S. Large Cap R&D Leaders ETF updated?

The Shariah compliance status of NYLI U.S. Large Cap R&D Leaders 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 U.S. Large Cap R&D Leaders 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 U.S. Large Cap R&D Leaders ETF?

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

NYLI U.S. Large Cap R&D Leaders ETF LRND

LRND Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI U.S. Large Cap R&D Leaders ETF is classified as not halal.

NOT HALAL

Is NYLI U.S. Large Cap R&D Leaders ETF Halal?

Shariah Compliance Analysis of LRND ETF

US Equity Large Cap

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

LRND was created on 2022-02-08 by New York Life Investments. The fund's investment portfolio concentrates primarily on large cap equity. LRND tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending.

NYLI U.S. Large Cap R&D Leaders ETF (LRND) Chart

Key Statistics of NYLI U.S. Large Cap R&D Leaders ETF (LRND)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
36.79%
Health Care
25.05%
Communication Services
17.02%
Consumer Discretionary
14.20%
Industrials
5.01%
Financials
1.17%
Consumer Staples
0.42%
Materials
0.31%

FAQ's for NYLI U.S. Large Cap R&D Leaders ETF (LRND)

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