Is Congress SMid Growth ETF halal to invest in?

As of September 2026, Congress SMid Growth ETF CSMD 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 Congress SMid Growth 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 Congress SMid Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Congress SMid Growth ETF updated?

The Shariah compliance status of Congress SMid Growth 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 Congress SMid Growth 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 Congress SMid Growth ETF?

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

Congress SMid Growth ETF CSMD

CSMD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Congress SMid Growth ETF is classified as not halal.

NOT HALAL

Is Congress SMid Growth ETF Halal?

Shariah Compliance Analysis of CSMD ETF

US Equity Extended Market

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

CSMD was created on 2023-08-22 by Congress. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 417.56m in AUM and 44 holdings. CSMD is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth.

Congress SMid Growth ETF (CSMD) Chart

Key Statistics of Congress SMid Growth ETF (CSMD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
23.18%
Health Care
21.84%
Information Technology
19.93%
Consumer Discretionary
11.32%
Consumer Staples
6.25%
Materials
4.08%
Energy
4.05%
Financials
3.92%
Other
3.66%
Real Estate
1.77%

FAQ's for Congress SMid Growth ETF (CSMD)

As of September 2026, Congress SMid Growth ETF CSMD 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 Congress SMid Growth ETF using these criteria to determine its compliance status.
The Shariah compliance status of Congress SMid Growth 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 Congress SMid Growth ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.