Is Macquarie Tax-Free USA Short Term ETF halal to invest in?

As of September 2026, Macquarie Tax-Free USA Short Term ETF STAX 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 Macquarie Tax-Free USA Short Term 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 Macquarie Tax-Free USA Short Term ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Macquarie Tax-Free USA Short Term ETF updated?

The Shariah compliance status of Macquarie Tax-Free USA Short Term 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 Macquarie Tax-Free USA Short Term 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 Macquarie Tax-Free USA Short Term ETF?

You can check the latest Shariah compliance status of Macquarie Tax-Free USA Short Term ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Macquarie Tax-Free USA Short Term ETF STAX

STAX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Macquarie Tax-Free USA Short Term ETF is classified as not halal.

NOT HALAL

Is Macquarie Tax-Free USA Short Term ETF Halal?

Shariah Compliance Analysis of STAX ETF

US Fixed Income Broad Credit

No. As of September 2026, Macquarie Tax-Free USA Short Term ETF (STAX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Macquarie Tax-Free USA Short Term ETF does not pass Musaffa's business and financial screening criteria.

STAX was created on 2023-11-28 by Nomura. The fund's investment portfolio concentrates primarily on broad credit fixed income. STAX actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years.

Macquarie Tax-Free USA Short Term ETF (STAX) Chart

Key Statistics of Macquarie Tax-Free USA Short Term ETF (STAX)

Today's Open

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Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for Macquarie Tax-Free USA Short Term ETF (STAX)

As of September 2026, Macquarie Tax-Free USA Short Term ETF STAX 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 Macquarie Tax-Free USA Short Term ETF using these criteria to determine its compliance status.
The Shariah compliance status of Macquarie Tax-Free USA Short Term 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 Macquarie Tax-Free USA Short Term ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.