Is Newday Sustainable Development Equity ETF halal to invest in?

As of September 2026, Newday Sustainable Development Equity ETF SDGS 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 Newday Sustainable Development Equity 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 Newday Sustainable Development Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Newday Sustainable Development Equity ETF updated?

The Shariah compliance status of Newday Sustainable Development Equity 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 Newday Sustainable Development Equity 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 Newday Sustainable Development Equity ETF?

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

Newday Sustainable Development Equity ETF SDGS

SDGS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Newday Sustainable Development Equity ETF is classified as not halal.

NOT HALAL

Is Newday Sustainable Development Equity ETF Halal?

Shariah Compliance Analysis of SDGS ETF

US Equity Total Market

No. As of September 2026, Newday Sustainable Development Equity ETF (SDGS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Newday Sustainable Development Equity ETF does not pass Musaffa's business and financial screening criteria.

SDGS was created on 2022-09-12 by Newday. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1.5m in AUM and 55 holdings. SDGS is actively managed to invest in stocks around the globe considered to be sustainable development companies. The funds issuer combines an assessment of sustainability measures with fundamental research to determine the final selection and weighting of portfolio holdings.

Newday Sustainable Development Equity ETF (SDGS) Chart

Key Statistics of Newday Sustainable Development Equity ETF (SDGS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
20.95%
Consumer Discretionary
17.50%
Financials
17.31%
Health Care
14.97%
Other
10.22%
Industrials
8.26%
Consumer Staples
6.66%
Utilities
2.25%
Materials
1.88%

FAQ's for Newday Sustainable Development Equity ETF (SDGS)

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