Is IQ U.S. Mid Cap R&D Leaders ETF halal to invest in?

As of September 2026, IQ U.S. Mid Cap R&D Leaders ETF MRND 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 IQ U.S. Mid Cap R&D Leaders 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 IQ U.S. Mid Cap R&D Leaders ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for IQ U.S. Mid Cap R&D Leaders ETF updated?

The Shariah compliance status of IQ U.S. Mid Cap R&D Leaders 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 IQ U.S. Mid Cap R&D Leaders 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 IQ U.S. Mid Cap R&D Leaders ETF?

You can check the latest Shariah compliance status of IQ U.S. Mid Cap R&D Leaders ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

IQ U.S. Mid Cap R&D Leaders ETF MRND

MRND Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, IQ U.S. Mid Cap R&D Leaders ETF is classified as not halal.

NOT HALAL

Is IQ U.S. Mid Cap R&D Leaders ETF Halal?

Shariah Compliance Analysis of MRND ETF

US Equity Mid Cap

No. As of September 2026, IQ U.S. Mid Cap R&D Leaders ETF (MRND) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. IQ U.S. Mid Cap R&D Leaders ETF does not pass Musaffa's business and financial screening criteria.

MRND was created on 2022-02-08 by IndexIQ. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 4.51m in AUM and 100 holdings. MRND tracks an index of 100 mid-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending.

IQ U.S. Mid Cap R&D Leaders ETF (MRND) Chart

Key Statistics of IQ U.S. Mid Cap R&D Leaders ETF (MRND)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
32.12%
Health Care
24.05%
Consumer Discretionary
15.14%
Communication Services
10.38%
Industrials
8.01%
Materials
4.88%
Financials
3.75%
Other
0.86%
Energy
0.81%

FAQ's for IQ U.S. Mid Cap R&D Leaders ETF (MRND)

As of September 2026, IQ U.S. Mid Cap R&D Leaders ETF MRND 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 IQ U.S. Mid Cap R&D Leaders ETF using these criteria to determine its compliance status.
The Shariah compliance status of IQ U.S. Mid Cap R&D Leaders 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 IQ U.S. Mid Cap R&D Leaders ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.