Is NEOS Russell 2000 High Income ETF halal to invest in?

As of September 2026, NEOS Russell 2000 High Income ETF IWMI 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 NEOS Russell 2000 High Income 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 NEOS Russell 2000 High Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NEOS Russell 2000 High Income ETF updated?

The Shariah compliance status of NEOS Russell 2000 High Income 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 NEOS Russell 2000 High Income 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 NEOS Russell 2000 High Income ETF?

You can check the latest Shariah compliance status of NEOS Russell 2000 High Income ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

NEOS Russell 2000 High Income ETF IWMI

IWMI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, NEOS Russell 2000 High Income ETF is classified as not halal.

NOT HALAL

Is NEOS Russell 2000 High Income ETF Halal?

Shariah Compliance Analysis of IWMI ETF

US Equity Small Cap

No. As of September 2026, NEOS Russell 2000 High Income ETF (IWMI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NEOS Russell 2000 High Income ETF does not pass Musaffa's business and financial screening criteria.

IWMI was created on 2024-06-25 by Neos. The fund's investment portfolio concentrates primarily on small cap equity. IWMI is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy.

NEOS Russell 2000 High Income ETF (IWMI) Chart

Key Statistics of NEOS Russell 2000 High Income ETF (IWMI)

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FAQ's for NEOS Russell 2000 High Income ETF (IWMI)

As of September 2026, NEOS Russell 2000 High Income ETF IWMI 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 NEOS Russell 2000 High Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of NEOS Russell 2000 High Income 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 NEOS Russell 2000 High Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.