Is Nuveen Small Cap Select ETF halal to invest in?

As of September 2026, Nuveen Small Cap Select ETF NSCS 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 Small Cap Select 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 Small Cap Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Nuveen Small Cap Select ETF updated?

The Shariah compliance status of Nuveen Small Cap Select 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 Small Cap Select 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 Small Cap Select ETF?

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

Nuveen Small Cap Select ETF NSCS

NSCS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nuveen Small Cap Select ETF is classified as not halal.

NOT HALAL

Is Nuveen Small Cap Select ETF Halal?

Shariah Compliance Analysis of NSCS ETF

US Equity Small Cap

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

NSCS was created on 2021-08-04 by Nuveen. The fund's investment portfolio concentrates primarily on small cap equity. NSCS is an actively managed, non-transparent ETF that provides exposure to a global portfolio of small-cap stocks. The fund utilizes the Natixis/NYSE non-transparent model.

Nuveen Small Cap Select ETF (NSCS) Chart

Key Statistics of Nuveen Small Cap Select ETF (NSCS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
19.96%
Financials
18.09%
Health Care
15.74%
Information Technology
14.54%
Consumer Discretionary
9.22%
Materials
5.68%
Energy
4.17%
Real Estate
3.50%
Consumer Staples
2.98%
Communication Services
2.37%
Utilities
2.25%
Other
1.50%

FAQ's for Nuveen Small Cap Select ETF (NSCS)

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