Is ETC 6 Meridian Mega Cap Equity ETF halal to invest in?

As of September 2026, ETC 6 Meridian Mega Cap Equity ETF SIXA 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 ETC 6 Meridian Mega Cap Equity 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 ETC 6 Meridian Mega Cap Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ETC 6 Meridian Mega Cap Equity ETF updated?

The Shariah compliance status of ETC 6 Meridian Mega Cap Equity 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 ETC 6 Meridian Mega Cap Equity 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 ETC 6 Meridian Mega Cap Equity ETF?

You can check the latest Shariah compliance status of ETC 6 Meridian Mega Cap Equity ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ETC 6 Meridian Mega Cap Equity ETF SIXA

SIXA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETC 6 Meridian Mega Cap Equity ETF is classified as not halal.

NOT HALAL

Is ETC 6 Meridian Mega Cap Equity ETF Halal?

Shariah Compliance Analysis of SIXA ETF

US Equity Large Cap

No. As of September 2026, ETC 6 Meridian Mega Cap Equity ETF (SIXA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ETC 6 Meridian Mega Cap Equity ETF does not pass Musaffa's business and financial screening criteria.

SIXA was created on 2020-05-08 by Meridian. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 412.15m in AUM and 53 holdings. SIXA is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index.

ETC 6 Meridian Mega Cap Equity ETF (SIXA) Chart

Key Statistics of ETC 6 Meridian Mega Cap Equity ETF (SIXA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
22.34%
Financials
15.96%
Health Care
14.58%
Communication Services
13.32%
Information Technology
9.54%
Industrials
6.63%
Utilities
5.33%
Energy
4.11%
Real Estate
2.66%
Consumer Discretionary
2.65%
Other
1.54%
Materials
1.34%

FAQ's for ETC 6 Meridian Mega Cap Equity ETF (SIXA)

As of September 2026, ETC 6 Meridian Mega Cap Equity ETF SIXA 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 ETC 6 Meridian Mega Cap Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of ETC 6 Meridian Mega Cap Equity 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 ETC 6 Meridian Mega Cap Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.