Is Nuveen Growth Opportunities ETF halal to invest in?

As of September 2026, Nuveen Growth Opportunities ETF NUGO 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 Growth Opportunities 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 Growth Opportunities ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Nuveen Growth Opportunities ETF updated?

The Shariah compliance status of Nuveen Growth Opportunities 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 Growth Opportunities 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 Growth Opportunities ETF?

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

Nuveen Growth Opportunities ETF NUGO

NUGO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nuveen Growth Opportunities ETF is classified as not halal.

NOT HALAL

Is Nuveen Growth Opportunities ETF Halal?

Shariah Compliance Analysis of NUGO ETF

US Equity Large Cap

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

NUGO was created on 2021-09-27 by Nuveen. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 2769.74m in AUM and 43 holdings. NUGO is an actively managed ETF that primarily invests in US large-cap stocks selected for growth, quality, and value factors. The fund seeks long-term capital appreciation.

Nuveen Growth Opportunities ETF (NUGO) Chart

Key Statistics of Nuveen Growth Opportunities ETF (NUGO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
50.08%
Consumer Discretionary
15.59%
Communication Services
12.10%
Health Care
6.80%
Financials
5.76%
Industrials
3.62%
Consumer Staples
2.54%
Materials
2.27%
Other
1.24%

FAQ's for Nuveen Growth Opportunities ETF (NUGO)

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