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Northern Trust Short-Term Tax-Exempt Bond ETF TAXS

Is Northern Trust Short-Term Tax-Exempt Bond ETF Halal?

Shariah Compliance Analysis of TAXS ETF

No. As of October 2026, Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

TAXS was created on 2025-08-18 by Northern Funds. The fund's investment portfolio concentrates primarily on investment grade fixed income. TAXS tracks a market value-weighted index of US investment grade municipal bonds with maturities of less than five years. Eligible debt securities must be exempt from US federal income taxes and the federal alternative minimum tax.

TAXS Shariah Compliance

As of October 2026, Northern Trust Short-Term Tax-Exempt Bond ETF is classified as not halal.

NOT HALAL

Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) Chart

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