Is ETC 6 Meridian Hedged Equity Index Option ETF halal to invest in?

As of September 2026, ETC 6 Meridian Hedged Equity Index Option ETF SIXH 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 Hedged Equity Index Option 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 Hedged Equity Index Option ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ETC 6 Meridian Hedged Equity Index Option ETF updated?

The Shariah compliance status of ETC 6 Meridian Hedged Equity Index Option 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 Hedged Equity Index Option 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 Hedged Equity Index Option ETF?

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

ETC 6 Meridian Hedged Equity Index Option ETF SIXH

SIXH Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETC 6 Meridian Hedged Equity Index Option ETF is classified as not halal.

NOT HALAL

Is ETC 6 Meridian Hedged Equity Index Option ETF Halal?

Shariah Compliance Analysis of SIXH ETF

US Equity Large Cap

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

SIXH was created on 2020-05-08 by Meridian. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 501.33m in AUM and 56 holdings. SIXH is an actively managed fund that provides exposure to US equities and sells call options against SPY.

ETC 6 Meridian Hedged Equity Index Option ETF (SIXH) Chart

Key Statistics of ETC 6 Meridian Hedged Equity Index Option ETF (SIXH)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
21.08%
Health Care
15.60%
Communication Services
12.19%
Financials
10.82%
Industrials
9.46%
Information Technology
7.01%
Energy
6.37%
Consumer Discretionary
6.35%
Other
4.35%
Utilities
4.15%
Real Estate
1.33%
Materials
1.29%

FAQ's for ETC 6 Meridian Hedged Equity Index Option ETF (SIXH)

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