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Shariah compliance overview

Not Halal

Alerian 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.