Is Nuveen AA-BBB CLO ETF halal to invest in?

As of September 2026, Nuveen AA-BBB CLO ETF NCLO 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 Nuveen AA-BBB CLO 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 Nuveen AA-BBB CLO ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Nuveen AA-BBB CLO ETF updated?

The Shariah compliance status of Nuveen AA-BBB CLO 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 Nuveen AA-BBB CLO 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 Nuveen AA-BBB CLO ETF?

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

Nuveen AA-BBB CLO ETF NCLO

NCLO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nuveen AA-BBB CLO ETF is classified as not halal.

NOT HALAL

Is Nuveen AA-BBB CLO ETF Halal?

Shariah Compliance Analysis of NCLO ETF

US Fixed Income Investment Grade

No. As of September 2026, Nuveen AA-BBB CLO ETF (NCLO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nuveen AA-BBB CLO ETF does not pass Musaffa's business and financial screening criteria.

NCLO was created on 2024-12-11 by Nuveen. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 143.34m in AUM and 72 holdings. NCLO is actively managed, seeking total return through investments in USD-denominated, investment-grade collateralized loan obligations (CLOs) of any maturity.

Nuveen AA-BBB CLO ETF (NCLO) Chart

Key Statistics of Nuveen AA-BBB CLO ETF (NCLO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Nuveen AA-BBB CLO ETF (NCLO)

As of September 2026, Nuveen AA-BBB CLO ETF NCLO 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 Nuveen AA-BBB CLO ETF using these criteria to determine its compliance status.
The Shariah compliance status of Nuveen AA-BBB CLO 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 Nuveen AA-BBB CLO ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.