AdvisorShares Newfleet Multi-Sector Income ETF MINC
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MINC Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, AdvisorShares Newfleet Multi-Sector Income ETF is classified as not halal.
NOT HALAL
Is AdvisorShares Newfleet Multi-Sector Income ETF Halal?
Shariah Compliance Analysis of MINC ETF
US Fixed Income Investment Grade No. As of September 2026, AdvisorShares Newfleet Multi-Sector Income ETF (MINC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. AdvisorShares Newfleet Multi-Sector Income ETF does not pass Musaffa's business and financial screening criteria.
MINC was created on 2013-03-19 by AdvisorShares. The fund's investment portfolio concentrates primarily on investment grade fixed income. MINC is an actively managed fund that holds a broad variety of corporate, sovereign, municipal and mortgage-backed bonds, targeting a duration of one to three years.
AdvisorShares Newfleet Multi-Sector Income ETF (MINC) Chart
Key Statistics of AdvisorShares Newfleet Multi-Sector Income ETF (MINC)
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-FAQ's for AdvisorShares Newfleet Multi-Sector Income ETF (MINC)
- As of September 2026, AdvisorShares Newfleet Multi-Sector Income ETF MINC 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 AdvisorShares Newfleet Multi-Sector Income ETF using these criteria to determine its compliance status.
- The Shariah compliance status of AdvisorShares Newfleet Multi-Sector Income 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 AdvisorShares Newfleet Multi-Sector Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.