NBIL, as a high-income ETF focused on global bonds, faces fundamental Shariah compliance challenges due to its reliance on interest-bearing securities, which constitute riba. Financial data is insufficient for precise ratio calculations, but the core business activity disqualifies it from compliance. No inclusion in major Shariah indices confirms its non-compliant status. ESG factors show low risk, but legacy controversies require monitoring. Overall, investors should avoid or seek purified alternatives in compliant sectors.