Is Monarch Blue Chips Core Index ETF halal to invest in?

As of September 2026, Monarch Blue Chips Core Index ETF MBCC 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 Monarch Blue Chips Core Index 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 Monarch Blue Chips Core Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Monarch Blue Chips Core Index ETF updated?

The Shariah compliance status of Monarch Blue Chips Core Index 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 Monarch Blue Chips Core Index 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 Monarch Blue Chips Core Index ETF?

You can check the latest Shariah compliance status of Monarch Blue Chips Core Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Monarch Blue Chips Core Index ETF MBCC

MBCC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Monarch Blue Chips Core Index ETF is classified as not halal.

NOT HALAL

Is Monarch Blue Chips Core Index ETF Halal?

Shariah Compliance Analysis of MBCC ETF

US Equity Large Cap

No. As of September 2026, Monarch Blue Chips Core Index ETF (MBCC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Monarch Blue Chips Core Index ETF does not pass Musaffa's business and financial screening criteria.

MBCC was created on 2021-03-23 by Monarch. The fund's investment portfolio concentrates primarily on large cap equity. MBCC tracks an equal-weighted index of companies selected from the S&P 500 Index that are perceived to be fundamentally sound.

Monarch Blue Chips Core Index ETF (MBCC) Chart

Key Statistics of Monarch Blue Chips Core Index ETF (MBCC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
25.59%
Health Care
19.52%
Consumer Discretionary
16.89%
Communication Services
12.96%
Financials
8.23%
Industrials
4.38%
Other
4.33%
Consumer Staples
4.12%
Real Estate
3.98%

FAQ's for Monarch Blue Chips Core Index ETF (MBCC)

As of September 2026, Monarch Blue Chips Core Index ETF MBCC 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 Monarch Blue Chips Core Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Monarch Blue Chips Core Index 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 Monarch Blue Chips Core Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.