Is VanEck HIP Sustainable Muni ETF halal to invest in?

As of September 2026, VanEck HIP Sustainable Muni ETF SMI 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 VanEck HIP Sustainable Muni 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 VanEck HIP Sustainable Muni ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for VanEck HIP Sustainable Muni ETF updated?

The Shariah compliance status of VanEck HIP Sustainable Muni 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 VanEck HIP Sustainable Muni 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 VanEck HIP Sustainable Muni ETF?

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

VanEck HIP Sustainable Muni ETF SMI

SMI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, VanEck HIP Sustainable Muni ETF is classified as not halal.

NOT HALAL

Is VanEck HIP Sustainable Muni ETF Halal?

Shariah Compliance Analysis of SMI ETF

US Fixed Income Investment Grade

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

SMI was created on 2021-09-08 by VanEck. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 11.18m in AUM and 36 holdings. SMI is an actively managed fund that provides exposure to AMT-free, investment-grade US municipal bonds of any maturity that support sustainable development.

VanEck HIP Sustainable Muni ETF (SMI) Chart

Key Statistics of VanEck HIP Sustainable Muni ETF (SMI)

Today's Open

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FAQ's for VanEck HIP Sustainable Muni ETF (SMI)

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