Is Invesco Zacks Mid-Cap ETF halal to invest in?

As of September 2026, Invesco Zacks Mid-Cap ETF CZA 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 Invesco Zacks 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 Invesco Zacks Mid-Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Invesco Zacks Mid-Cap ETF updated?

The Shariah compliance status of Invesco Zacks 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 Invesco Zacks 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 Invesco Zacks Mid-Cap ETF?

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

Invesco Zacks Mid-Cap ETF CZA

CZA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Invesco Zacks Mid-Cap ETF is classified as not halal.

NOT HALAL

Is Invesco Zacks Mid-Cap ETF Halal?

Shariah Compliance Analysis of CZA ETF

US Equity Mid Cap

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

CZA was created on 2007-04-02 by Invesco. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 183.59m in AUM and 102 holdings. CZA holds a proprietary-selected portfolio of 100 mid-cap US stocks. The fund seeks to outperform pure market-cap indexes.

Invesco Zacks Mid-Cap ETF (CZA) Chart

Key Statistics of Invesco Zacks Mid-Cap ETF (CZA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
26.15%
Industrials
25.68%
Materials
13.54%
Real Estate
9.06%
Utilities
7.64%
Information Technology
7.28%
Health Care
2.76%
Consumer Discretionary
2.35%
Consumer Staples
1.71%
Energy
1.55%
Other
1.22%
Communication Services
1.06%

FAQ's for Invesco Zacks Mid-Cap ETF (CZA)

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