Is Syntax Stratified SmallCap ETF halal to invest in?

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

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

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

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

Syntax Stratified SmallCap ETF SSLY

SSLY Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Syntax Stratified SmallCap ETF Halal?

Shariah Compliance Analysis of SSLY ETF

US Equity Small Cap

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

SSLY was created on 2020-05-28 by Syntax. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 10.49m in AUM and 602 holdings. SSLY tracks an index that holds all constituents of the S&P 600 Index, reweighted to diversify related business risk.

Syntax Stratified SmallCap ETF (SSLY) Chart

Key Statistics of Syntax Stratified SmallCap ETF (SSLY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
15.53%
Health Care
15.14%
Financials
14.88%
Consumer Discretionary
14.37%
Industrials
12.33%
Communication Services
6.89%
Consumer Staples
5.90%
Real Estate
5.04%
Energy
3.46%
Utilities
2.98%
Materials
2.79%
Other
0.69%

FAQ's for Syntax Stratified SmallCap ETF (SSLY)

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