Simplify Piper Sandler US Small-Cap PLUS Income ETF LITL
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LITL Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Simplify Piper Sandler US Small-Cap PLUS Income ETF is classified as not halal.
NOT HALAL
Is Simplify Piper Sandler US Small-Cap PLUS Income ETF Halal?
Shariah Compliance Analysis of LITL ETF
US Equity Small Cap No. As of September 2026, Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Simplify Piper Sandler US Small-Cap PLUS Income ETF does not pass Musaffa's business and financial screening criteria.
LITL was created on 2025-04-29 by Simplify. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 6.02m in AUM and 152 holdings. LITL is actively managed, focusing on US small-cap stocks using a proprietary model and option strategies. The fund aims for capital growth and income.
Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) Chart
Key Statistics of Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL)
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-FAQ's for Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL)
- As of September 2026, Simplify Piper Sandler US Small-Cap PLUS Income ETF LITL 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 Simplify Piper Sandler US Small-Cap PLUS Income ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Simplify Piper Sandler US Small-Cap PLUS 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 Simplify Piper Sandler US Small-Cap PLUS Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.