Is MNZL Halal? MNZL ETF Review
Manzil Russell Halal USA Broad Market ETF
The short answer
MNZL is marketed as a Shariah-compliant ETF by Manzil. It uses idealratings screens with independent shariah certification and provides shariah-screened us large- and mid-cap companies. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
MNZL key facts
- Full name
- Manzil Russell Halal USA Broad Market ETF
- Issuer
- Manzil
- Exchange
- Nasdaq
- Domicile
- United States
- Exposure
- Shariah-screened US large- and mid-cap companies
- Index / approach
- Russell-IdealRatings Islamic USA Index
- Expense ratio
- 0.40%
- Income treatment
- Distributing
What MNZL owns
MNZL takes a broader-market approach to US halal equities, reaching below the mega-cap names that dominate many Shariah indexes. Its Russell 1000 foundation adds more mid-cap breadth while applying an additional humanitarian screen.
Where it can fit
A broad US equity core for investors seeking more market-cap breadth than SPUS or HLAL.
A fund's role is more important than its ticker: compare geographic coverage, asset class, concentration, income treatment, tax domicile, and trading access before combining ETFs.
Shariah screening
IdealRatings screens with independent Shariah certification. The fund issuer is responsible for its stated methodology and governance. Compliance can change as holdings, company finances, index rules, and scholarly judgments change.
Why investors consider MNZL
- Russell 1000-based coverage reaches beyond the largest US companies
- Independent Shariah certificate is publicly available
- An additional humanitarian filter distinguishes its construction
Risks and trade-offs
- A newer fund may have lower trading volume and wider spreads
- Mid-cap companies can be more volatile than mega-caps
- Broad coverage does not eliminate technology-sector concentration
Verify the primary source
Fund details can change after our July 11, 2026 review. Confirm the latest prospectus, fee, holdings, distribution policy, Shariah certificate, and exchange line with the issuer.
Manzil Funds — MNZL fund pageMNZL frequently asked questions
Is MNZL halal?
MNZL is marketed as a Shariah-compliant ETF by Manzil. It uses idealratings screens with independent shariah certification and provides shariah-screened us large- and mid-cap companies. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
What does MNZL invest in?
MNZL provides shariah-screened us large- and mid-cap companies. Its benchmark or approach is Russell-IdealRatings Islamic USA Index.
What is the MNZL expense ratio?
The issuer materials reviewed on July 11, 2026 list 0.40%. Verify the current figure before investing because fees can change.
What role can MNZL play in a halal portfolio?
A broad US equity core for investors seeking more market-cap breadth than SPUS or HLAL.