Is VanEck Uranium and Nuclear ETF halal to invest in?

As of September 2026, VanEck Uranium and Nuclear ETF NLR 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 VanEck Uranium and Nuclear 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 VanEck Uranium and Nuclear ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for VanEck Uranium and Nuclear ETF updated?

The Shariah compliance status of VanEck Uranium and Nuclear 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 VanEck Uranium and Nuclear 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 VanEck Uranium and Nuclear ETF?

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

VanEck Uranium and Nuclear ETF NLR

NLR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, VanEck Uranium and Nuclear ETF is classified as not halal.

NOT HALAL

Is VanEck Uranium and Nuclear ETF Halal?

Shariah Compliance Analysis of NLR ETF

US Equity Theme

No. As of September 2026, VanEck Uranium and Nuclear ETF (NLR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. VanEck Uranium and Nuclear ETF does not pass Musaffa's business and financial screening criteria.

NLR was created on 2007-08-13 by VanEck. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 4652.89m in AUM and 26 holdings. NLR tracks a market-cap-weighted index of companies in the global nuclear energy industry.

VanEck Uranium and Nuclear ETF (NLR) Chart

Key Statistics of VanEck Uranium and Nuclear ETF (NLR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Utilities
43.20%
Energy
33.53%
Industrials
14.30%
Other
8.97%

FAQ's for VanEck Uranium and Nuclear ETF (NLR)

As of September 2026, VanEck Uranium and Nuclear ETF NLR 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 Uranium and Nuclear ETF using these criteria to determine its compliance status.
The Shariah compliance status of VanEck Uranium and Nuclear 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 Uranium and Nuclear ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.