The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is a passive ETF tracking U.S. investment-grade corporate bonds, generating returns primarily through interest payments, which constitutes riba and renders it non-compliant with Shariah principles. This report assesses compliance across financial, business, and index criteria, confirming exclusion from all major Shariah indices due to its core activity. While the ETF structure avoids traditional corporate debt, its 100% exposure to interest-bearing securities disqualifies it. Investors seeking fixed-income alternatives should consider sukuk-based ETFs. Overall, LQD is recommended for avoidance by Shariah-conscious investors.