Is iShares Russell Midcap ETF halal to invest in?

As of September 2026, iShares Russell Midcap ETF IWR 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 iShares Russell Midcap 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 iShares Russell Midcap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Russell Midcap ETF updated?

The Shariah compliance status of iShares Russell Midcap 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 iShares Russell Midcap 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 iShares Russell Midcap ETF?

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

iShares Russell Midcap ETF IWR

IWR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Russell Midcap ETF is classified as not halal.

NOT HALAL

Is iShares Russell Midcap ETF Halal?

Shariah Compliance Analysis of IWR ETF

US Equity Mid Cap

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

IWR was created on 2001-07-17 by iShares. The fund's investment portfolio concentrates primarily on mid cap equity. IWR tracks a market-cap-weighted index of the 800-smallest companies in the Russell 1000.

iShares Russell Midcap ETF (IWR) Chart

Key Statistics of iShares Russell Midcap ETF (IWR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
17.28%
Financials
16.06%
Information Technology
12.80%
Consumer Discretionary
10.58%
Health Care
9.73%
Real Estate
7.98%
Materials
5.79%
Utilities
5.69%
Energy
5.23%
Consumer Staples
4.88%
Communication Services
3.07%
Other
0.91%

FAQ's for iShares Russell Midcap ETF (IWR)

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