Is QRAFT AI-Enhanced U.S. Next Value ETF halal to invest in?

As of September 2026, QRAFT AI-Enhanced U.S. Next Value ETF NVQ 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 QRAFT AI-Enhanced U.S. Next 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 QRAFT AI-Enhanced U.S. Next Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for QRAFT AI-Enhanced U.S. Next Value ETF updated?

The Shariah compliance status of QRAFT AI-Enhanced U.S. Next 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 QRAFT AI-Enhanced U.S. Next 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 QRAFT AI-Enhanced U.S. Next Value ETF?

You can check the latest Shariah compliance status of QRAFT AI-Enhanced U.S. Next Value ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

QRAFT AI-Enhanced U.S. Next Value ETF NVQ

NVQ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, QRAFT AI-Enhanced U.S. Next Value ETF is classified as not halal.

NOT HALAL

Is QRAFT AI-Enhanced U.S. Next Value ETF Halal?

Shariah Compliance Analysis of NVQ ETF

US Equity Total Market

No. As of September 2026, QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. QRAFT AI-Enhanced U.S. Next Value ETF does not pass Musaffa's business and financial screening criteria.

NVQ was created on 2020-12-02 by QRAFT. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1.68m in AUM and 101 holdings. NVQ is an actively-managed portfolio of US-listed value stocks that are selected with the aid of artificial intelligence.

QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) Chart

Key Statistics of QRAFT AI-Enhanced U.S. Next Value ETF (NVQ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
24.91%
Energy
23.66%
Materials
14.59%
Industrials
13.83%
Health Care
8.38%
Consumer Staples
8.05%
Information Technology
3.00%
Financials
2.56%
Other
0.53%
Communication Services
0.37%
Real Estate
0.12%

FAQ's for QRAFT AI-Enhanced U.S. Next Value ETF (NVQ)

As of September 2026, QRAFT AI-Enhanced U.S. Next Value ETF NVQ 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 QRAFT AI-Enhanced U.S. Next Value ETF using these criteria to determine its compliance status.
The Shariah compliance status of QRAFT AI-Enhanced U.S. Next 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 QRAFT AI-Enhanced U.S. Next Value ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.