Is Argent Mid Cap ETF halal to invest in?

As of September 2026, Argent Mid Cap ETF AMID is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Argent Mid Cap ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Argent Mid Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Argent Mid Cap ETF updated?

The Shariah compliance status of Argent Mid Cap ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Argent Mid Cap ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Argent Mid Cap ETF?

You can check the latest Shariah compliance status of Argent Mid Cap ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Argent Mid Cap ETF AMID

AMID Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Argent Mid Cap ETF is classified as not halal.

NOT HALAL

Is Argent Mid Cap ETF Halal?

Shariah Compliance Analysis of AMID ETF

US Equity Mid Cap

No. As of September 2026, Argent Mid Cap ETF (AMID) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Argent Mid Cap ETF does not pass Musaffa's business and financial screening criteria.

AMID was created on 2022-08-17 by Argent. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 103.74m in AUM and 46 holdings. AMID is an actively managed ETF that provides exposure to US mid-cap stocks perceived to be undergoing positive change. The fund employs a multi-step selection process based on quantitative and fundamental research.

Argent Mid Cap ETF (AMID) Chart

Key Statistics of Argent Mid Cap ETF (AMID)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
29.35%
Information Technology
20.81%
Consumer Discretionary
17.19%
Financials
13.77%
Health Care
12.49%
Real Estate
4.56%
Energy
1.50%
Other
0.33%

FAQ's for Argent Mid Cap ETF (AMID)

As of September 2026, Argent Mid Cap ETF AMID is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Argent Mid Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of Argent Mid Cap ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Argent Mid Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.