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Simplify National Muni Bond ETF NMB

Is Simplify National Muni Bond ETF Halal?

Shariah Compliance Analysis of NMB ETF

No. As of October 2026, Simplify National Muni Bond ETF (NMB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

NMB was created on 2024-09-09 by Simplify. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 46.36m in AUM and 27 holdings. NMB is an actively managed fund that predominantly invests in investment grade, tax-exempt US municipal bonds while utilizing a multi-asset option spread writing strategy. The fund seeks to provide income, and secondarily, capital appreciation.

NMB Shariah Compliance

As of October 2026, Simplify National Muni Bond ETF is classified as not halal.

NOT HALAL

Simplify National Muni Bond ETF (NMB) Chart

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