Is Invesco S&P SmallCap 600 GARP ETF halal to invest in?

As of September 2026, Invesco S&P SmallCap 600 GARP ETF GRPZ 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 S&P SmallCap 600 GARP 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 S&P SmallCap 600 GARP ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Invesco S&P SmallCap 600 GARP ETF updated?

The Shariah compliance status of Invesco S&P SmallCap 600 GARP 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 S&P SmallCap 600 GARP 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 S&P SmallCap 600 GARP ETF?

You can check the latest Shariah compliance status of Invesco S&P SmallCap 600 GARP ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Invesco S&P SmallCap 600 GARP ETF GRPZ

GRPZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Invesco S&P SmallCap 600 GARP ETF is classified as not halal.

NOT HALAL

Is Invesco S&P SmallCap 600 GARP ETF Halal?

Shariah Compliance Analysis of GRPZ ETF

US Equity Small Cap

No. As of September 2026, Invesco S&P SmallCap 600 GARP ETF (GRPZ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Invesco S&P SmallCap 600 GARP ETF does not pass Musaffa's business and financial screening criteria.

GRPZ was created on 2024-03-27 by Invesco. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 2.75m in AUM and 91 holdings. GRPZ tracks an index of US small-cap growth stocks that exhibit quality and value characteristics.

Invesco S&P SmallCap 600 GARP ETF (GRPZ) Chart

Key Statistics of Invesco S&P SmallCap 600 GARP ETF (GRPZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
21.40%
Financials
19.92%
Industrials
15.38%
Energy
12.71%
Information Technology
9.52%
Health Care
8.77%
Materials
5.82%
Consumer Staples
3.95%
Communication Services
1.79%
Utilities
0.74%

FAQ's for Invesco S&P SmallCap 600 GARP ETF (GRPZ)

As of September 2026, Invesco S&P SmallCap 600 GARP ETF GRPZ 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 S&P SmallCap 600 GARP ETF using these criteria to determine its compliance status.
The Shariah compliance status of Invesco S&P SmallCap 600 GARP 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 S&P SmallCap 600 GARP ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.