Is ETC 6 Meridian Quality Growth ETF halal to invest in?

As of September 2026, ETC 6 Meridian Quality Growth ETF SXQG 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 Quality 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 ETC 6 Meridian Quality Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ETC 6 Meridian Quality Growth ETF updated?

The Shariah compliance status of ETC 6 Meridian Quality 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 ETC 6 Meridian Quality 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 ETC 6 Meridian Quality Growth ETF?

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

ETC 6 Meridian Quality Growth ETF SXQG

SXQG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETC 6 Meridian Quality Growth ETF is classified as not halal.

NOT HALAL

Is ETC 6 Meridian Quality Growth ETF Halal?

Shariah Compliance Analysis of SXQG ETF

US Equity Total Market

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

SXQG was created on 2021-05-10 by Meridian. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 68.12m in AUM and 91 holdings. SXQG is an actively-managed fund of US-based companies that exhibit high quality and growth characteristics relative to their peers.

ETC 6 Meridian Quality Growth ETF (SXQG) Chart

Key Statistics of ETC 6 Meridian Quality Growth ETF (SXQG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
42.07%
Health Care
16.01%
Financials
10.05%
Industrials
8.84%
Consumer Discretionary
8.21%
Consumer Staples
7.17%
Communication Services
6.76%
Energy
0.52%
Other
0.37%

FAQ's for ETC 6 Meridian Quality Growth ETF (SXQG)

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