Is PGIM Floating Rate Income ETF halal to invest in?

As of September 2026, PGIM Floating Rate Income ETF PFRL 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 PGIM Floating Rate Income 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 PGIM Floating Rate Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for PGIM Floating Rate Income ETF updated?

The Shariah compliance status of PGIM Floating Rate Income 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 PGIM Floating Rate Income 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 PGIM Floating Rate Income ETF?

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

PGIM Floating Rate Income ETF PFRL

PFRL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, PGIM Floating Rate Income ETF is classified as not halal.

NOT HALAL

Is PGIM Floating Rate Income ETF Halal?

Shariah Compliance Analysis of PFRL ETF

US Fixed Income Broad Credit

No. As of September 2026, PGIM Floating Rate Income ETF (PFRL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. PGIM Floating Rate Income ETF does not pass Musaffa's business and financial screening criteria.

PFRL was created on 2022-05-17 by PGIM. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 101.03m in AUM and 78 holdings. PFRL is an actively managed fund that aims for current income by investing mainly in senior floating rate loans of any credit quality from around the world.

PGIM Floating Rate Income ETF (PFRL) Chart

Key Statistics of PGIM Floating Rate Income ETF (PFRL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
99.99%
Communication Services
0.01%

FAQ's for PGIM Floating Rate Income ETF (PFRL)

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