Is Bahl & Gaynor Small/Mid Cap Income Growth ETF halal to invest in?

As of September 2026, Bahl & Gaynor Small/Mid Cap Income Growth ETF SMIG 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 Bahl & Gaynor Small/Mid Cap Income Growth 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 Bahl & Gaynor Small/Mid Cap Income Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Bahl & Gaynor Small/Mid Cap Income Growth ETF updated?

The Shariah compliance status of Bahl & Gaynor Small/Mid Cap Income Growth 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 Bahl & Gaynor Small/Mid Cap Income Growth 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 Bahl & Gaynor Small/Mid Cap Income Growth ETF?

You can check the latest Shariah compliance status of Bahl & Gaynor Small/Mid Cap Income Growth ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Bahl & Gaynor Small/Mid Cap Income Growth ETF SMIG

SMIG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Bahl & Gaynor Small/Mid Cap Income Growth ETF is classified as not halal.

NOT HALAL

Is Bahl & Gaynor Small/Mid Cap Income Growth ETF Halal?

Shariah Compliance Analysis of SMIG ETF

US Equity Extended Market

No. As of September 2026, Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bahl & Gaynor Small/Mid Cap Income Growth ETF does not pass Musaffa's business and financial screening criteria.

SMIG was created on 2021-08-25 by Bahl & Gaynor. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 1145.39m in AUM and 45 holdings. SMIG is an actively managed fund that invests in US mid and small-cap companies that selects and weights securities based on the advisers assessment.

Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) Chart

Key Statistics of Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
22.51%
Financials
19.66%
Materials
10.95%
Utilities
8.63%
Information Technology
7.30%
Energy
6.29%
Consumer Discretionary
6.14%
Real Estate
5.72%
Consumer Staples
5.67%
Health Care
5.58%
Communication Services
1.22%
Other
0.33%

FAQ's for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG)

As of September 2026, Bahl & Gaynor Small/Mid Cap Income Growth ETF SMIG 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 Bahl & Gaynor Small/Mid Cap Income Growth ETF using these criteria to determine its compliance status.
The Shariah compliance status of Bahl & Gaynor Small/Mid Cap Income Growth 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 Bahl & Gaynor Small/Mid Cap Income Growth ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.