Musaffa Logo
Overlay Shares Municipal Bond ETF OVM

Is Overlay Shares Municipal Bond ETF Halal?

Shariah Compliance Analysis of OVM ETF

No. As of October 2026, Overlay Shares Municipal Bond ETF (OVM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

OVM was created on 2019-09-30 by Overlay Shares. The fund's investment portfolio concentrates primarily on investment grade fixed income. OVM is actively managed to provide exposure to U.S. municipal bonds combined with a U.S. large cap put spread strategy.

OVM Shariah Compliance

As of October 2026, Overlay Shares Municipal Bond ETF is classified as not halal.

NOT HALAL

Overlay Shares Municipal Bond ETF (OVM) Chart

Fetching Price Chart...