Is SPDR Nuveen Municipal Bond ESG ETF halal to invest in?

As of September 2026, SPDR Nuveen Municipal Bond ESG ETF MBNE 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 SPDR Nuveen Municipal Bond ESG 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 SPDR Nuveen Municipal Bond ESG ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR Nuveen Municipal Bond ESG ETF updated?

The Shariah compliance status of SPDR Nuveen Municipal Bond ESG 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 SPDR Nuveen Municipal Bond ESG 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 SPDR Nuveen Municipal Bond ESG ETF?

You can check the latest Shariah compliance status of SPDR Nuveen Municipal Bond ESG ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SPDR Nuveen Municipal Bond ESG ETF MBNE

MBNE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR Nuveen Municipal Bond ESG ETF is classified as not halal.

NOT HALAL

Is SPDR Nuveen Municipal Bond ESG ETF Halal?

Shariah Compliance Analysis of MBNE ETF

US Fixed Income Broad Credit

No. As of September 2026, SPDR Nuveen Municipal Bond ESG ETF (MBNE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR Nuveen Municipal Bond ESG ETF does not pass Musaffa's business and financial screening criteria.

MBNE was created on 2022-04-04 by SPDR. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 13.17m in AUM and 34 holdings. MBNE is an actively managed fund of tax-exempt US municipal bonds that exhibit environmental, social, and governance characteristics. The portfolio holds intermediate-term bonds with varying credit quality.

SPDR Nuveen Municipal Bond ESG ETF (MBNE) Chart

Key Statistics of SPDR Nuveen Municipal Bond ESG ETF (MBNE)

Today's Open

AUM

Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for SPDR Nuveen Municipal Bond ESG ETF (MBNE)

As of September 2026, SPDR Nuveen Municipal Bond ESG ETF MBNE 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 Nuveen Municipal Bond ESG ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR Nuveen Municipal Bond ESG 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 Nuveen Municipal Bond ESG ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.