Is iShares MSCI EAFE Small-Cap ETF halal to invest in?

As of September 2026, iShares MSCI EAFE Small-Cap ETF SCZ 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 iShares MSCI EAFE Small-Cap 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 iShares MSCI EAFE Small-Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares MSCI EAFE Small-Cap ETF updated?

The Shariah compliance status of iShares MSCI EAFE Small-Cap 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 iShares MSCI EAFE Small-Cap 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 iShares MSCI EAFE Small-Cap ETF?

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

iShares MSCI EAFE Small-Cap ETF SCZ

SCZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares MSCI EAFE Small-Cap ETF is classified as not halal.

NOT HALAL

Is iShares MSCI EAFE Small-Cap ETF Halal?

Shariah Compliance Analysis of SCZ ETF

US Equity Small Cap

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

SCZ was created on 2007-12-10 by iShares. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 12721.5m in AUM and 2005 holdings. SCZ tracks a market-cap-weighted index of small-cap companies from Europe, Asia and the Far East.

iShares MSCI EAFE Small-Cap ETF (SCZ) Chart

Key Statistics of iShares MSCI EAFE Small-Cap ETF (SCZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
23.20%
Consumer Discretionary
12.44%
Financials
12.37%
Real Estate
10.98%
Information Technology
9.36%
Materials
8.92%
Consumer Staples
6.39%
Health Care
5.99%
Communication Services
3.50%
Energy
2.96%
Utilities
2.50%
Other
1.39%

FAQ's for iShares MSCI EAFE Small-Cap ETF (SCZ)

As of September 2026, iShares MSCI EAFE Small-Cap ETF SCZ 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 iShares MSCI EAFE Small-Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares MSCI EAFE Small-Cap 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 iShares MSCI EAFE Small-Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.