Is IndexIQ ETF Trust IQ U.S. Small Cap ETF halal to invest in?

As of September 2026, IndexIQ ETF Trust IQ U.S. Small Cap ETF CSML 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 IndexIQ ETF Trust IQ U.S. Small 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 IndexIQ ETF Trust IQ U.S. Small Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for IndexIQ ETF Trust IQ U.S. Small Cap ETF updated?

The Shariah compliance status of IndexIQ ETF Trust IQ U.S. Small 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 IndexIQ ETF Trust IQ U.S. Small 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 IndexIQ ETF Trust IQ U.S. Small Cap ETF?

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

IndexIQ ETF Trust IQ U.S. Small Cap ETF CSML

CSML Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, IndexIQ ETF Trust IQ U.S. Small Cap ETF is classified as not halal.

NOT HALAL

Is IndexIQ ETF Trust IQ U.S. Small Cap ETF Halal?

Shariah Compliance Analysis of CSML ETF

US Equity Small Cap

No. As of September 2026, IndexIQ ETF Trust IQ U.S. Small Cap ETF (CSML) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. IndexIQ ETF Trust IQ U.S. Small Cap ETF does not pass Musaffa's business and financial screening criteria.

CSML was created on 2017-05-16 by IndexIQ. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 122.68m in AUM and 502 holdings. CSML tracks an equal-weighted index of small US companies selected by value, growth, technical, and sentiment factors.

IndexIQ ETF Trust IQ U.S. Small Cap ETF (CSML) Chart

Key Statistics of IndexIQ ETF Trust IQ U.S. Small Cap ETF (CSML)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
22.00%
Industrials
20.18%
Health Care
13.20%
Information Technology
12.34%
Consumer Discretionary
8.57%
Real Estate
5.15%
Materials
4.86%
Energy
3.95%
Communication Services
3.60%
Consumer Staples
2.94%
Utilities
2.23%
Other
0.98%

FAQ's for IndexIQ ETF Trust IQ U.S. Small Cap ETF (CSML)

As of September 2026, IndexIQ ETF Trust IQ U.S. Small Cap ETF CSML 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 IndexIQ ETF Trust IQ U.S. Small Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of IndexIQ ETF Trust IQ U.S. Small 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 IndexIQ ETF Trust IQ U.S. Small Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.