Is Simplify US Small Cap PLUS Income ETF halal to invest in?

As of September 2026, Simplify US Small Cap PLUS Income ETF SCY 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 Simplify US Small Cap PLUS Income 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 Simplify US Small Cap PLUS Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Simplify US Small Cap PLUS Income ETF updated?

The Shariah compliance status of Simplify US Small Cap PLUS Income 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 Simplify US Small Cap PLUS Income 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 Simplify US Small Cap PLUS Income ETF?

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

Simplify US Small Cap PLUS Income ETF SCY

SCY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Simplify US Small Cap PLUS Income ETF is classified as not halal.

NOT HALAL

Is Simplify US Small Cap PLUS Income ETF Halal?

Shariah Compliance Analysis of SCY ETF

US Equity Small Cap

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

SCY was created on 2024-12-02 by Simplify. The fund's investment portfolio concentrates primarily on small cap equity. SCY is an actively managed fund-of-funds aiming for capital appreciation and income. The fund holds US small-cap equity ETFs and near-term, index-based put or call spreads.

Simplify US Small Cap PLUS Income ETF (SCY) Chart

Key Statistics of Simplify US Small Cap PLUS Income ETF (SCY)

Today's Open

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FAQ's for Simplify US Small Cap PLUS Income ETF (SCY)

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