Is Janus Henderson Small/Mid Cap Growth Alpha ETF halal to invest in?

As of September 2026, Janus Henderson Small/Mid Cap Growth Alpha ETF JSMD 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 Janus Henderson Small/Mid Cap Growth Alpha 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 Janus Henderson Small/Mid Cap Growth Alpha ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Janus Henderson Small/Mid Cap Growth Alpha ETF updated?

The Shariah compliance status of Janus Henderson Small/Mid Cap Growth Alpha 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 Janus Henderson Small/Mid Cap Growth Alpha 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 Janus Henderson Small/Mid Cap Growth Alpha ETF?

You can check the latest Shariah compliance status of Janus Henderson Small/Mid Cap Growth Alpha ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Janus Henderson Small/Mid Cap Growth Alpha ETF JSMD

JSMD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Janus Henderson Small/Mid Cap Growth Alpha ETF is classified as not halal.

NOT HALAL

Is Janus Henderson Small/Mid Cap Growth Alpha ETF Halal?

Shariah Compliance Analysis of JSMD ETF

US Equity Extended Market

No. As of September 2026, Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Janus Henderson Small/Mid Cap Growth Alpha ETF does not pass Musaffa's business and financial screening criteria.

JSMD was created on 2016-02-23 by Janus Henderson. The fund's investment portfolio concentrates primarily on extended market equity. JSMD actively invests in small- and midcap growth companies, selected based on fundamental factors.

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) Chart

Key Statistics of Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
26.23%
Health Care
25.75%
Information Technology
18.42%
Financials
10.40%
Materials
5.67%
Consumer Discretionary
5.46%
Consumer Staples
3.55%
Communication Services
1.37%
Energy
1.35%
Real Estate
1.20%
Utilities
0.58%

FAQ's for Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD)

As of September 2026, Janus Henderson Small/Mid Cap Growth Alpha ETF JSMD 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 Janus Henderson Small/Mid Cap Growth Alpha ETF using these criteria to determine its compliance status.
The Shariah compliance status of Janus Henderson Small/Mid Cap Growth Alpha 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 Janus Henderson Small/Mid Cap Growth Alpha ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.