Is Ballast Small/Mid Cap ETF halal to invest in?

As of September 2026, Ballast Small/Mid Cap ETF MGMT 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 Ballast Small/Mid Cap 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 Ballast Small/Mid Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Ballast Small/Mid Cap ETF updated?

The Shariah compliance status of Ballast Small/Mid Cap 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 Ballast Small/Mid Cap 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 Ballast Small/Mid Cap ETF?

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

Ballast Small/Mid Cap ETF MGMT

MGMT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Ballast Small/Mid Cap ETF is classified as not halal.

NOT HALAL

Is Ballast Small/Mid Cap ETF Halal?

Shariah Compliance Analysis of MGMT ETF

US Equity Extended Market

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

MGMT was created on 2020-12-02 by Ballast. The fund's investment portfolio concentrates primarily on extended market equity. MGMT is an actively-managed fund that aims for positive risk-adjusted returns.

Ballast Small/Mid Cap ETF (MGMT) Chart

Key Statistics of Ballast Small/Mid Cap ETF (MGMT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
17.70%
Industrials
17.30%
Financials
16.25%
Information Technology
12.94%
Consumer Discretionary
12.90%
Materials
9.89%
Health Care
4.64%
Other
2.83%
Consumer Staples
2.04%
Communication Services
1.80%
Real Estate
1.71%

FAQ's for Ballast Small/Mid Cap ETF (MGMT)

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