Is Calvert US Mid-Cap Core Responsible Index ETF halal to invest in?

As of September 2026, Calvert US Mid-Cap Core Responsible Index ETF CVMC 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 Calvert US Mid-Cap Core Responsible Index 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 Calvert US Mid-Cap Core Responsible Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Calvert US Mid-Cap Core Responsible Index ETF updated?

The Shariah compliance status of Calvert US Mid-Cap Core Responsible Index 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 Calvert US Mid-Cap Core Responsible Index 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 Calvert US Mid-Cap Core Responsible Index ETF?

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

Calvert US Mid-Cap Core Responsible Index ETF CVMC

CVMC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Calvert US Mid-Cap Core Responsible Index ETF is classified as not halal.

NOT HALAL

Is Calvert US Mid-Cap Core Responsible Index ETF Halal?

Shariah Compliance Analysis of CVMC ETF

US Equity Mid Cap

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

CVMC was created on 2023-01-30 by Calvert. The fund's investment portfolio concentrates primarily on mid cap equity. CVMC tracks a market-cap-weighted, ESG-screened index of US mid-cap stocks.

Calvert US Mid-Cap Core Responsible Index ETF (CVMC) Chart

Key Statistics of Calvert US Mid-Cap Core Responsible Index ETF (CVMC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
20.78%
Financials
15.74%
Information Technology
15.55%
Health Care
10.52%
Consumer Discretionary
9.07%
Real Estate
7.31%
Consumer Staples
6.33%
Utilities
5.26%
Materials
5.00%
Communication Services
3.41%
Other
0.65%
Energy
0.38%

FAQ's for Calvert US Mid-Cap Core Responsible Index ETF (CVMC)

As of September 2026, Calvert US Mid-Cap Core Responsible Index ETF CVMC 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 Calvert US Mid-Cap Core Responsible Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Calvert US Mid-Cap Core Responsible Index 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 Calvert US Mid-Cap Core Responsible Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.