Is NightShares 500 ETF halal to invest in?

As of September 2026, NightShares 500 ETF NSPY 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 NightShares 500 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 NightShares 500 ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NightShares 500 ETF updated?

The Shariah compliance status of NightShares 500 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 NightShares 500 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 NightShares 500 ETF?

You can check the latest Shariah compliance status of NightShares 500 ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

NightShares 500 ETF NSPY

NSPY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NightShares 500 ETF is classified as not halal.

NOT HALAL

Is NightShares 500 ETF Halal?

Shariah Compliance Analysis of NSPY ETF

US Equity Large Cap

No. As of September 2026, NightShares 500 ETF (NSPY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NightShares 500 ETF does not pass Musaffa's business and financial screening criteria.

NSPY was created on 2022-06-28 by NightShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 3.64m in AUM and 4 holdings. NSPY is an actively managed ETF that aims for capital appreciation through overnight exposure to large-cap US stocks. The fund allocates assets through a combination of stocks, US Treasurys, and futures contracts or total return swaps.

NightShares 500 ETF (NSPY) Chart

Key Statistics of NightShares 500 ETF (NSPY)

Today's Open

AUM

Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for NightShares 500 ETF (NSPY)

As of September 2026, NightShares 500 ETF NSPY 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 NightShares 500 ETF using these criteria to determine its compliance status.
The Shariah compliance status of NightShares 500 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 NightShares 500 ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.