Is iShares S&P U.S. Mid-Cap Index ETF halal to invest in?

As of September 2026, iShares S&P U.S. Mid-Cap Index ETF XMC.TO 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 iShares S&P U.S. Mid-Cap Index 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 iShares S&P U.S. Mid-Cap Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares S&P U.S. Mid-Cap Index ETF updated?

The Shariah compliance status of iShares S&P U.S. Mid-Cap Index 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 iShares S&P U.S. Mid-Cap Index 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 iShares S&P U.S. Mid-Cap Index ETF?

You can check the latest Shariah compliance status of iShares S&P U.S. Mid-Cap Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares S&P U.S. Mid-Cap Index ETF XMC.TO

XMC.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares S&P U.S. Mid-Cap Index ETF is classified as not halal.

NOT HALAL

Is iShares S&P U.S. Mid-Cap Index ETF Halal?

Shariah Compliance Analysis of XMC.TO ETF

CA Equity Mid Cap

No. As of September 2026, iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares S&P U.S. Mid-Cap Index ETF does not pass Musaffa's business and financial screening criteria.

XMC.TO was created on 2015-08-04 by iShares. The fund's investment portfolio concentrates primarily on mid cap equity. The fund is a fund-of-funds which tracks a market cap-weighted index of mid-cap US companies.

iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) Chart

Key Statistics of iShares S&P U.S. Mid-Cap Index ETF (XMC.TO)

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FAQ's for iShares S&P U.S. Mid-Cap Index ETF (XMC.TO)

As of September 2026, iShares S&P U.S. Mid-Cap Index ETF XMC.TO 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 iShares S&P U.S. Mid-Cap Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares S&P U.S. Mid-Cap Index 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 iShares S&P U.S. Mid-Cap Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.