Is Zacks Small/Mid Cap ETF halal to invest in?

As of September 2026, Zacks Small/Mid Cap ETF SMIZ 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 Zacks Small/Mid 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 Zacks Small/Mid Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Zacks Small/Mid Cap ETF updated?

The Shariah compliance status of Zacks Small/Mid 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 Zacks Small/Mid 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 Zacks Small/Mid Cap ETF?

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

Zacks Small/Mid Cap ETF SMIZ

SMIZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Zacks Small/Mid Cap ETF is classified as not halal.

NOT HALAL

Is Zacks Small/Mid Cap ETF Halal?

Shariah Compliance Analysis of SMIZ ETF

US Equity Extended Market

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

SMIZ was created on 2023-10-03 by Zacks. The fund's investment portfolio concentrates primarily on extended market equity. SMIZ aims to generate positive risk-adjusted returns by investing in small- and mid-cap US stocks. The actively managed fund selects companies based on analyst agreement, magnitude, upside, and surprise.

Zacks Small/Mid Cap ETF (SMIZ) Chart

Key Statistics of Zacks Small/Mid Cap ETF (SMIZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
20.92%
Industrials
15.36%
Consumer Discretionary
14.73%
Information Technology
13.28%
Health Care
13.25%
Materials
4.56%
Communication Services
4.37%
Real Estate
3.45%
Energy
3.31%
Utilities
3.03%
Consumer Staples
2.79%
Other
0.95%

FAQ's for Zacks Small/Mid Cap ETF (SMIZ)

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