Northern Trust 2055 Tax-Exempt Distributing Ladder ETF MUND
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MUND Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Northern Trust 2055 Tax-Exempt Distributing Ladder ETF is classified as not halal.
NOT HALAL
Is Northern Trust 2055 Tax-Exempt Distributing Ladder ETF Halal?
Shariah Compliance Analysis of MUND ETF
US Fixed Income Investment Grade No. As of September 2026, Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Northern Trust 2055 Tax-Exempt Distributing Ladder ETF does not pass Musaffa's business and financial screening criteria.
MUND was created on 2025-08-18 by Northern Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. MUND seeks to provide regular cash distributions consisting of tax-exempt income and/or principal through an actively managed, laddered portfolio of US investment grade municipal bonds with various maturity dates through the year 2055.
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) Chart
Key Statistics of Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND)
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-FAQ's for Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND)
- As of September 2026, Northern Trust 2055 Tax-Exempt Distributing Ladder ETF MUND 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 Northern Trust 2055 Tax-Exempt Distributing Ladder ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Northern Trust 2055 Tax-Exempt Distributing Ladder 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 Northern Trust 2055 Tax-Exempt Distributing Ladder ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.