As of September 2026, VanEck Long Muni ETF is classified as not halal.
NOT HALAL
Is VanEck Long Muni ETF Halal?
Shariah Compliance Analysis of MLN ETF
US Fixed Income Investment Grade
No. As of September 2026, VanEck Long Muni ETF (MLN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. VanEck Long Muni ETF does not pass Musaffa's business and financial screening criteria.
MLN was created on 2008-01-02 by VanEck. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 644.39m in AUM and 656 holdings. MLN tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years.
VanEck Long Muni ETF (MLN) Chart
Key Statistics of VanEck Long Muni ETF (MLN)
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FAQ's for VanEck Long Muni ETF (MLN)
As of September 2026, VanEck Long Muni ETF MLN 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 VanEck Long Muni ETF using these criteria to determine its compliance status.
The Shariah compliance status of VanEck Long Muni 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 VanEck Long Muni ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.