NASDAQManzil
Is MNZL halal?
Manzil Russell Halal USA Broad Market ETF (MNZL) is a shariah-screened ETF from Manzil, tracking the Russell IdealRatings Manzil Halal USA Broad Market Index with shariah oversight by Issuer states a Shariah Certificate is available, at an expense ratio of 0.40%, from the issuer's own documents as of July 22, 2026.
Manzil Funds fund page and FAQ. Checked Jul 22, 2026.
TracksRussell IdealRatings Manzil Halal USA Broad Market Index
Screening standardAAOIFI-based screening via the Russell IdealRatings system filtering the Russell 1000, plus additional ethical exclusions using American Friends Service Committee criteria
Shariah reviewIssuer states a Shariah Certificate is available; the certifying scholar/board is not named on the issuer pages retrieved
Yearly fee0.40%
Assets$23.4 million.
PurificationIssuer FAQ: the index methodology includes a purification mechanism where residual non-compliant income is calculated, earmarked, and provided to the client for purification
HoldsLarge- and mid-cap US equities from a Shariah-screened Russell 1000 (roughly 450 companies)