NEOS Nasdaq 100 High Income ETF (QQQI) - Questionable
NEOS Nasdaq 100 High Income ETF (QQQI) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- QQQI is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About NEOS Nasdaq 100 High Income ETF
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the reference index.
Frequently Asked Questions
Is NEOS Nasdaq 100 High Income ETF (QQQI) stock halal to invest in?
According to AAOIFI Shariah screening standards, NEOS Nasdaq 100 High Income ETF (QQQI) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does NEOS Nasdaq 100 High Income ETF have any interest income?
Interest income data for NEOS Nasdaq 100 High Income ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if QQQI stock is Shariah-compliant?
QQQI is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is NEOS Nasdaq 100 High Income ETF stock reviewed for Shariah compliance?
NEOS Nasdaq 100 High Income ETF's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.