Is Nuveen ESG Large-Cap ETF halal to invest in?

As of September 2026, Nuveen ESG Large-Cap ETF NULC 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 ESG Large-Cap 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 ESG Large-Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Nuveen ESG Large-Cap ETF updated?

The Shariah compliance status of Nuveen ESG Large-Cap 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 ESG Large-Cap 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 ESG Large-Cap ETF?

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

Nuveen ESG Large-Cap ETF NULC

NULC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Nuveen ESG Large-Cap ETF is classified as not halal.

NOT HALAL

Is Nuveen ESG Large-Cap ETF Halal?

Shariah Compliance Analysis of NULC ETF

US Equity Large Cap

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

NULC was created on 2019-06-03 by Nuveen. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 50.65m in AUM and 142 holdings. NULC tracks a multi-factor-weighted index of large-cap companies listed on US exchanges. Holdings are screened for environmental, social, and governance criteria (ESG).

Nuveen ESG Large-Cap ETF (NULC) Chart

Key Statistics of Nuveen ESG Large-Cap ETF (NULC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
29.06%
Financials
16.00%
Health Care
12.54%
Industrials
9.08%
Consumer Discretionary
8.81%
Communication Services
6.50%
Consumer Staples
6.29%
Materials
2.96%
Energy
2.79%
Real Estate
2.20%
Utilities
1.99%
Other
1.78%

FAQ's for Nuveen ESG Large-Cap ETF (NULC)

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