Manzil Russell Halal USA Broad Market ETF (MNZL)

Manzil Russell Halal USA Broad Market ETF is a passively managed equity fund sponsored by Manzil, a firm that offers Sharia-compliant financial products. It seeks to track a FTSE Russell index of U.S. stocks screened for compliance with Islamic investment principles.

The index starts from a broad universe of U.S. companies and excludes businesses involved in activities such as conventional banking and interest-based finance, alcohol, tobacco, gambling and other prohibited areas, along with companies that exceed limits on debt and interest-related income. The result is a diversified U.S. equity portfolio spanning large, mid and small companies that meet halal criteria. Shares trade on the Nasdaq.