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

As of September 2026, Manzil Russell Halal USA Broad Market ETF MNZL is classified as 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 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

MNZL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Manzil Russell Halal USA Broad Market ETF is classified as halal.

HALAL

Is Manzil Russell Halal USA Broad Market ETF Halal?

Shariah Compliance Analysis of MNZL ETF

US Equity Large Cap

Yes. As of September 2026, Manzil Russell Halal USA Broad Market ETF (MNZL) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Manzil Russell Halal USA Broad Market ETF passes Musaffa's business and financial screening criteria.

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.

Manzil Russell Halal USA Broad Market ETF (MNZL) Chart

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

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

As of September 2026, Manzil Russell Halal USA Broad Market ETF MNZL is classified as 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 Manzil Russell Halal USA Broad Market ETF using these criteria to determine its compliance status.
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.
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 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.