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

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

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

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

You can check the latest Shariah compliance status of Nuveen ESG Large-Cap Value 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 Value ETF NULV

NULV Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Nuveen ESG Large-Cap Value ETF Halal?

Shariah Compliance Analysis of NULV ETF

US Equity Large Cap

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

NULV was created on 2016-12-13 by Nuveen. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 1930.38m in AUM and 106 holdings. NULV tracks an index of US large-cap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund is weighted using a multi-factor optimizer.

Nuveen ESG Large-Cap Value ETF (NULV) Chart

Key Statistics of Nuveen ESG Large-Cap Value ETF (NULV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
22.03%
Information Technology
15.58%
Health Care
14.82%
Industrials
13.93%
Consumer Staples
9.41%
Consumer Discretionary
4.33%
Materials
4.27%
Utilities
4.26%
Communication Services
4.12%
Real Estate
3.65%
Energy
3.60%

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

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