What is Hashdex Nasdaq Crypto Index US ETF's Shariah compliance score?

Hashdex Nasdaq Crypto Index US ETF (NCIQ) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Hashdex Nasdaq Crypto Index US ETF pass AAOIFI screening?

Hashdex Nasdaq Crypto Index US ETF (NCIQ) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NCIQ: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Hashdex Nasdaq Crypto Index US ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Hashdex Nasdaq Crypto Index US ETF (NCIQ) using the latest financial data.

Where can I screen Hashdex Nasdaq Crypto Index US ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Hashdex Nasdaq Crypto Index US ETF (NCIQ) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NCIQ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NCIQ: Is Hashdex Nasdaq Crypto Index US ETF Halal?

Hashdex Nasdaq Crypto Index US ETF

NASDAQFinancial ServicesUS

$19.94

+0.05%

Market Cap: 140.2M

About Hashdex Nasdaq Crypto Index US ETF

The NCIQ fund aims to replicate the performance of an index composed of the two leading digital assets, Bitcoin (BTC) and Ether (ETH). To achieve this, it directly invests in spot Bitcoin and spot Ether, deliberately avoiding the use of leverage or complex derivatives. The fund also maintains cash reserves to cover its operational expenses. Its investment approach utilizes a market capitalization-weighted strategy, ensuring its holdings in both cryptocurrencies correspond precisely to their proportions within the underlying index. Notably, the fund is prohibited from investing in crypto-related securities, tokenized assets, or stablecoins. Investors should recognize that this fund presents a higher risk profile compared to other exchange-traded products (ETPs) that indirectly hold digital assets, a consequence of the substantial price volatility inherent in cryptocurrency markets. Moreover, the methodology governing its underlying index is rules-based, potentially allowing for the inclusion of additional crypto assets in the future, pending regulatory approval from the SEC. The index itself is rebalanced quarterly.

Sector: Financial Services · Industry: Asset Management - Cryptocurrency

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Basket Composition

0% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Hashdex Nasdaq Crypto Index US ETF (NCIQ) halal to invest in?

Hashdex Nasdaq Crypto Index US ETF (NCIQ) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Hashdex Nasdaq Crypto Index US ETF get a C+ compliance rating?

Hashdex Nasdaq Crypto Index US ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Hashdex Nasdaq Crypto Index US ETF's Shariah verdict?

Hashdex Nasdaq Crypto Index US ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Hashdex Nasdaq Crypto Index US ETF re-screened for Shariah compliance?

Hashdex Nasdaq Crypto Index US ETF (NCIQ) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.