Is T. Rowe Price Small-Mid Cap ETF halal to invest in?

As of September 2026, T. Rowe Price Small-Mid Cap ETF TMSL 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 T. Rowe Price 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 T. Rowe Price Small-Mid Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for T. Rowe Price Small-Mid Cap ETF updated?

The Shariah compliance status of T. Rowe Price 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 T. Rowe Price 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 T. Rowe Price Small-Mid Cap ETF?

You can check the latest Shariah compliance status of T. Rowe Price Small-Mid Cap ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

T. Rowe Price Small-Mid Cap ETF TMSL

TMSL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, T. Rowe Price Small-Mid Cap ETF is classified as not halal.

NOT HALAL

Is T. Rowe Price Small-Mid Cap ETF Halal?

Shariah Compliance Analysis of TMSL ETF

US Equity Extended Market

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

TMSL was created on 2023-06-15 by T. Rowe Price. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 1185.84m in AUM and 276 holdings. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics. Holdings are based on several factors and bottom-up stock selection.

T. Rowe Price Small-Mid Cap ETF (TMSL) Chart

Key Statistics of T. Rowe Price Small-Mid Cap ETF (TMSL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
19.87%
Financials
17.62%
Health Care
13.87%
Information Technology
13.41%
Consumer Discretionary
12.59%
Real Estate
6.55%
Energy
5.05%
Materials
4.70%
Consumer Staples
2.25%
Utilities
2.02%
Other
1.17%
Communication Services
0.90%

FAQ's for T. Rowe Price Small-Mid Cap ETF (TMSL)

As of September 2026, T. Rowe Price Small-Mid Cap ETF TMSL 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 T. Rowe Price Small-Mid Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of T. Rowe Price 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 T. Rowe Price Small-Mid Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.