Shariah compliance overview
Not HalalAlerian MLP Index ETN (AMJB) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
About Alerian MLP Index ETN
This index is designed to track the collective performance of its constituent Master Limited Partnerships (MLPs). These MLPs are characterized by generating the vast majority of their income from specific operations within the energy commodities sector.
Alerian MLP Index ETN (AMJB) operates in the Financial Services sector, in the Asset Management industry.
Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt, Interest-bearing securities and assets.
- Business Activity
- 100.00%Limit 5%Fail
- Interest-bearing debt
- 7401.63%Limit 30%Fail
- Interest-bearing securities and assets
- 60439.32%Limit 30%Fail
- Dividend purification
- 75.72%Share of dividends to give to charityPurification calculator
Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.
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Frequently asked questions
Quick answers about Alerian MLP Index ETN (AMJB). Current Akinda screening label: Not Halal.
