Northern Trust Intermediate Tax-Exempt Bond ETF TAXI
Open navigation menu
Invest
Invest on your own
We do it for you
Halal tools
Screeners
Your portfolio
Calculators
Shariah
Our certifications
Learn
Education
Get help
Pricing
Company
About Musaffa
Investors
Build with us
TAXI Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Northern Trust Intermediate Tax-Exempt Bond ETF is classified as not halal.
NOT HALAL
Is Northern Trust Intermediate Tax-Exempt Bond ETF Halal?
Shariah Compliance Analysis of TAXI ETF
US Fixed Income Investment Grade No. As of September 2026, Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Northern Trust Intermediate Tax-Exempt Bond ETF does not pass Musaffa's business and financial screening criteria.
TAXI was created on 2025-08-19 by Northern Funds. The fund's investment portfolio concentrates primarily on investment grade fixed income. TAXI tracks a market value-weighted index of US investment grade municipal bonds with maturities of less than 15 years. Eligible debt securities must be exempt from US federal income taxes and the federal alternative minimum tax.
Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) Chart
Key Statistics of Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-FAQ's for Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI)
- As of September 2026, Northern Trust Intermediate Tax-Exempt Bond ETF TAXI 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 Northern Trust Intermediate Tax-Exempt Bond ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Northern Trust Intermediate Tax-Exempt 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 Northern Trust Intermediate Tax-Exempt Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.