Is Thrivent Small-Mid Cap Equity ETF halal to invest in?

As of September 2026, Thrivent Small-Mid Cap Equity ETF TSME 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 Thrivent Small-Mid Cap Equity 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 Thrivent Small-Mid Cap Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Thrivent Small-Mid Cap Equity ETF updated?

The Shariah compliance status of Thrivent Small-Mid Cap Equity 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 Thrivent Small-Mid Cap Equity 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 Thrivent Small-Mid Cap Equity ETF?

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

Thrivent Small-Mid Cap Equity ETF TSME

TSME Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Thrivent Small-Mid Cap Equity ETF is classified as not halal.

NOT HALAL

Is Thrivent Small-Mid Cap Equity ETF Halal?

Shariah Compliance Analysis of TSME ETF

US Equity Extended Market

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

TSME was created on 2022-10-05 by Thrivent. The fund's investment portfolio concentrates primarily on extended market equity. TSME is an actively managed, non-transparent ETF that invests in stocks of global mid- and small-cap companies screened for long-term growth. The fund utilizes the Natixis/NYSE non-transparent model.

Thrivent Small-Mid Cap Equity ETF (TSME) Chart

Key Statistics of Thrivent Small-Mid Cap Equity ETF (TSME)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
21.90%
Information Technology
16.51%
Financials
13.03%
Consumer Discretionary
12.89%
Health Care
9.68%
Materials
7.88%
Real Estate
6.36%
Consumer Staples
3.55%
Other
3.46%
Energy
2.41%
Utilities
2.33%

FAQ's for Thrivent Small-Mid Cap Equity ETF (TSME)

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