Is Manulife Multifactor U.S. Small Cap Index ETF halal to invest in?

As of September 2026, Manulife Multifactor U.S. Small Cap Index ETF MUSC.TO 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 Manulife Multifactor U.S. Small Cap Index 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 Manulife Multifactor U.S. Small Cap Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Manulife Multifactor U.S. Small Cap Index ETF updated?

The Shariah compliance status of Manulife Multifactor U.S. Small Cap Index 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 Manulife Multifactor U.S. Small Cap Index 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 Manulife Multifactor U.S. Small Cap Index ETF?

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

Manulife Multifactor U.S. Small Cap Index ETF MUSC.TO

MUSC.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Manulife Multifactor U.S. Small Cap Index ETF is classified as not halal.

NOT HALAL

Is Manulife Multifactor U.S. Small Cap Index ETF Halal?

Shariah Compliance Analysis of MUSC.TO ETF

CA Equity Small Cap

No. As of September 2026, Manulife Multifactor U.S. Small Cap Index ETF (MUSC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Manulife Multifactor U.S. Small Cap Index ETF does not pass Musaffa's business and financial screening criteria.

MUSC.TO was created on 2017-11-27 by Manulife. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 4.09m in AUM and 497 holdings. The fund tracks an index of U.S. firms smaller than the 750th largest firm, but excluding the smallest 4%. The index is weighted by market-cap, relative price, and profitability.

Manulife Multifactor U.S. Small Cap Index ETF (MUSC.TO) Chart

Key Statistics of Manulife Multifactor U.S. Small Cap Index ETF (MUSC.TO)

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FAQ's for Manulife Multifactor U.S. Small Cap Index ETF (MUSC.TO)

As of September 2026, Manulife Multifactor U.S. Small Cap Index ETF MUSC.TO 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 Manulife Multifactor U.S. Small Cap Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Manulife Multifactor U.S. Small Cap Index 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 Manulife Multifactor U.S. Small Cap Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.