Is NBI Active Canadian Preferred Shares ETF halal to invest in?

As of September 2026, NBI Active Canadian Preferred Shares ETF NPRF.TO 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 NBI Active Canadian Preferred Shares 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 NBI Active Canadian Preferred Shares ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NBI Active Canadian Preferred Shares ETF updated?

The Shariah compliance status of NBI Active Canadian Preferred Shares 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 NBI Active Canadian Preferred Shares 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 NBI Active Canadian Preferred Shares ETF?

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

NBI Active Canadian Preferred Shares ETF NPRF.TO

NPRF.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NBI Active Canadian Preferred Shares ETF is classified as not halal.

NOT HALAL

Is NBI Active Canadian Preferred Shares ETF Halal?

Shariah Compliance Analysis of NPRF.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, NBI Active Canadian Preferred Shares ETF (NPRF.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NBI Active Canadian Preferred Shares ETF does not pass Musaffa's business and financial screening criteria.

NPRF.TO was created on 2019-02-08 by NBI. The fund's investment portfolio concentrates primarily on broad credit fixed income. The fund is an actively-managed fund of Canadian preferred stocks. The fund seeks tax-efficient income.

NBI Active Canadian Preferred Shares ETF (NPRF.TO) Chart

Key Statistics of NBI Active Canadian Preferred Shares ETF (NPRF.TO)

Today's Open

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FAQ's for NBI Active Canadian Preferred Shares ETF (NPRF.TO)

As of September 2026, NBI Active Canadian Preferred Shares ETF NPRF.TO 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 NBI Active Canadian Preferred Shares ETF using these criteria to determine its compliance status.
The Shariah compliance status of NBI Active Canadian Preferred Shares 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 NBI Active Canadian Preferred Shares ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.