Is Syntax Stratified MidCap ETF halal to invest in?

As of September 2026, Syntax Stratified MidCap ETF SMDY 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 Syntax Stratified MidCap 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 Syntax Stratified MidCap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Syntax Stratified MidCap ETF updated?

The Shariah compliance status of Syntax Stratified MidCap 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 Syntax Stratified MidCap 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 Syntax Stratified MidCap ETF?

You can check the latest Shariah compliance status of Syntax Stratified MidCap ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Syntax Stratified MidCap ETF SMDY

SMDY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Syntax Stratified MidCap ETF is classified as not halal.

NOT HALAL

Is Syntax Stratified MidCap ETF Halal?

Shariah Compliance Analysis of SMDY ETF

US Equity Mid Cap

No. As of September 2026, Syntax Stratified MidCap ETF (SMDY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Syntax Stratified MidCap ETF does not pass Musaffa's business and financial screening criteria.

SMDY was created on 2020-01-17 by Syntax. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 5.61m in AUM and 402 holdings. SMDY tracks an index that holds all constituents of the S&P 400 Index, reweighted to diversify related business risk.

Syntax Stratified MidCap ETF (SMDY) Chart

Key Statistics of Syntax Stratified MidCap ETF (SMDY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
15.88%
Financials
14.51%
Information Technology
14.35%
Health Care
13.54%
Industrials
12.03%
Consumer Staples
6.65%
Real Estate
5.73%
Communication Services
5.52%
Materials
4.94%
Utilities
3.65%
Energy
2.17%
Other
1.03%

FAQ's for Syntax Stratified MidCap ETF (SMDY)

As of September 2026, Syntax Stratified MidCap ETF SMDY 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 Syntax Stratified MidCap ETF using these criteria to determine its compliance status.
The Shariah compliance status of Syntax Stratified MidCap 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 Syntax Stratified MidCap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.