Is Manzil Russell Halal USA Broad Market ETF halal to invest in?

According to Musaffa's Shariah screening methodology, Manzil Russell Halal USA Broad Market ETF (MNZL) is currently classified as HALAL as of January 2026. The classification is based on an evaluation of the ETF's underlying holdings and financial exposure to determine whether it meets Islamic investment guidelines.

Is Manzil Russell Halal USA Broad Market 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 Manzil Russell Halal USA Broad Market ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Manzil Russell Halal USA Broad Market ETF updated?

The Shariah compliance status of Manzil Russell Halal USA Broad Market 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 Manzil Russell Halal USA Broad Market 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 Manzil Russell Halal USA Broad Market ETF?

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

Manzil Russell Halal USA Broad Market ETF MNZL

$52.71 $0.39 (0.75%) 1D

Last Updated: Mar 03, 12:00 AM·NYSE

MNZL Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Manzil Russell Halal USA Broad Market ETF. Analysis MNZL

US Equity Large Cap

MNZL was created on 2025-11-18 by Manzil. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 1.56m in AUM and 442 holdings. MNZL tracks a market cap-weighted index of US large-cap stocks complying with Shariah principles and ethical investment standards.

Key Statistics of Manzil Russell Halal USA Broad Market ETF (MNZL)

Today's Range

$52.11$52.77

Today's Open

$52.32

AUM

$1.58M

Avg. Volume

Expense Ratio

P/E Ratio

30.82

P/B Ratio

7.48

FAQ's for Manzil Russell Halal USA Broad Market ETF (MNZL)

According to Musaffa’s Shariah screening methodology, Manzil Russell Halal USA Broad Market ETF (MNZL) is currently classified as HALAL as of January 2026. The classification is based on an evaluation of the ETF’s underlying holdings and financial exposure to determine whether it meets Islamic investment guidelines.