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

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

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

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

You can check the latest Shariah compliance status of Nuveen ESG Mid-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 Mid-Cap Value ETF NUMV

NUMV Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Nuveen ESG Mid-Cap Value ETF Halal?

Shariah Compliance Analysis of NUMV ETF

US Equity Mid Cap

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

NUMV was created on 2016-12-13 by Nuveen. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 422.94m in AUM and 96 holdings. NUMV tracks an index of US mid-cap value stocks that score highly on environmental, social, and governance (ESG) criteria. The fund weighting uses a multi-factor optimizer.

Nuveen ESG Mid-Cap Value ETF (NUMV) Chart

Key Statistics of Nuveen ESG Mid-Cap Value ETF (NUMV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
18.51%
Financials
17.29%
Materials
9.16%
Real Estate
8.38%
Utilities
8.33%
Consumer Discretionary
8.11%
Information Technology
7.99%
Health Care
7.52%
Consumer Staples
6.24%
Energy
4.59%
Communication Services
2.94%
Other
0.94%

FAQ's for Nuveen ESG Mid-Cap Value ETF (NUMV)

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