Is Parnassus Core Select ETF halal to invest in?

As of September 2026, Parnassus Core Select ETF PRCS 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 Parnassus Core Select 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 Parnassus Core Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Parnassus Core Select ETF updated?

The Shariah compliance status of Parnassus Core Select 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 Parnassus Core Select 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 Parnassus Core Select ETF?

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

Parnassus Core Select ETF PRCS

PRCS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Parnassus Core Select ETF is classified as not halal.

NOT HALAL

Is Parnassus Core Select ETF Halal?

Shariah Compliance Analysis of PRCS ETF

US Equity Large Cap

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

PRCS was created on 2024-12-12 by Parnassus Investments. The fund's investment portfolio concentrates primarily on large cap equity. PRCS is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities. The fund focuses on both value and growth stocks, emphasizing strong financials and sustainable business practices while seeking to minimize exposure to market risk.

Parnassus Core Select ETF (PRCS) Chart

Key Statistics of Parnassus Core Select ETF (PRCS)

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FAQ's for Parnassus Core Select ETF (PRCS)

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