As of September 2026, T. Rowe Price QM U.S. Bond ETF is classified as not halal.
NOT HALAL
Is T. Rowe Price QM U.S. Bond ETF Halal?
Shariah Compliance Analysis of TAGG ETF
US Fixed Income Investment Grade
No. As of September 2026, T. Rowe Price QM U.S. Bond ETF (TAGG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. T. Rowe Price QM U.S. Bond ETF does not pass Musaffa's business and financial screening criteria.
TAGG was created on 2021-09-28 by T. Rowe Price. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1524.74m in AUM and 1536 holdings. TAGG is an actively-managed fund that holds a wide array of USD-denominated investment-grade bonds with broad maturities.
T. Rowe Price QM U.S. Bond ETF (TAGG) Chart
Key Statistics of T. Rowe Price QM U.S. Bond ETF (TAGG)
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FAQ's for T. Rowe Price QM U.S. Bond ETF (TAGG)
As of September 2026, T. Rowe Price QM U.S. Bond ETF TAGG 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 T. Rowe Price QM U.S. Bond ETF using these criteria to determine its compliance status.
The Shariah compliance status of T. Rowe Price QM U.S. Bond 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 T. Rowe Price QM U.S. Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.