The ETF is Not Compliant because of its classification in Bond USD Medium Term.
MSTI – Madison Short-Term Strategic Income ETF
🔒
Not Compliant
☆☆☆☆☆ 0/5
- Bond
- Bond USD Medium Term
- ETF
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Impure Income
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Zakat per Share*
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Purification
Debt
0.00%
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Non-Compliant Assets
0.00%
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Impure Income
0.00%
-
Debt
0.00%
-
Impure Income
0.00%
-
Debt
0.00%
-
Impure Income
0.00%
-
Debt
0.00%
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Cash
0.00%
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Cash & AR
0.00%
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Impure Income
0.00%
-
Debt
0.00%
-
Cash
0.00%
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Cash & AR
0.00%
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Impure Income
0.00%
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ETF Objective
The Fund seeks to generate a high level of current income. the Fund invests at least 80% of its net assets in bonds. The Fund emphasizes investment grade securities and maintains a short (typically 3.5 years or less) average portfolio duration, with the goal of being between 75-125% of the market benchmark duration.
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