Is NYLI Clean Oceans ETF halal to invest in?

As of September 2026, NYLI Clean Oceans ETF OCEN 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 NYLI Clean Oceans 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 NYLI Clean Oceans ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NYLI Clean Oceans ETF updated?

The Shariah compliance status of NYLI Clean Oceans 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 NYLI Clean Oceans 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 NYLI Clean Oceans ETF?

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

NYLI Clean Oceans ETF OCEN

OCEN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NYLI Clean Oceans ETF is classified as not halal.

NOT HALAL

Is NYLI Clean Oceans ETF Halal?

Shariah Compliance Analysis of OCEN ETF

US Equity Theme

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

OCEN was created on 2021-10-21 by New York Life Investments. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 4.79m in AUM and 77 holdings. OCEN tracks a market-cap-weighted index of globally-listed companies that are believed to contribute in achieving a cleaner ocean through reduced pollution and increased resource efficiency.

NYLI Clean Oceans ETF (OCEN) Chart

Key Statistics of NYLI Clean Oceans ETF (OCEN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
26.76%
Utilities
26.41%
Information Technology
23.00%
Materials
10.45%
Consumer Discretionary
9.85%
Consumer Staples
1.76%
Real Estate
1.39%
Other
0.38%

FAQ's for NYLI Clean Oceans ETF (OCEN)

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