Is Impact Shares MSCI Global Climate Select ETF halal to invest in?

As of September 2026, Impact Shares MSCI Global Climate Select ETF NTZO 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 Impact Shares MSCI Global Climate 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 Impact Shares MSCI Global Climate Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Impact Shares MSCI Global Climate Select ETF updated?

The Shariah compliance status of Impact Shares MSCI Global Climate 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 Impact Shares MSCI Global Climate 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 Impact Shares MSCI Global Climate Select ETF?

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

Impact Shares MSCI Global Climate Select ETF NTZO

NTZO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Impact Shares MSCI Global Climate Select ETF is classified as not halal.

NOT HALAL

Is Impact Shares MSCI Global Climate Select ETF Halal?

Shariah Compliance Analysis of NTZO ETF

US Equity Theme

No. As of September 2026, Impact Shares MSCI Global Climate Select ETF (NTZO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Impact Shares MSCI Global Climate Select ETF does not pass Musaffa's business and financial screening criteria.

NTZO was created on 2021-11-02 by Impact Shares. The fund's investment portfolio concentrates primarily on theme equity. NTZO tracks an index of global companies selected and weighted for lower carbon emissions and various ESG factors.

Impact Shares MSCI Global Climate Select ETF (NTZO) Chart

Key Statistics of Impact Shares MSCI Global Climate Select ETF (NTZO)

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FAQ's for Impact Shares MSCI Global Climate Select ETF (NTZO)

As of September 2026, Impact Shares MSCI Global Climate Select ETF NTZO 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 Impact Shares MSCI Global Climate Select ETF using these criteria to determine its compliance status.
The Shariah compliance status of Impact Shares MSCI Global Climate 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 Impact Shares MSCI Global Climate Select ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.