Is Manzil Russell Halal USA Broad (MNZL) Stock Halal or Haram?
Manzil Russell Halal USA Broad (MNZL) - Halal (Shariah-Compliant)
Manzil Russell Halal USA Broad (MNZL) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
ETF
Industry
Exchange-Traded Fund
Result
Pass
Reason
MNZL is identified as an Islamic ETF based on its name/description.
Financial Ratios
Dividend Purification
Purification percentage: 0.00%.Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About Manzil Russell Halal USA Broad
The fund uses a “passive management” approach to track the performance of the index. The index is composed of the common stock of large capitalization U.S. companies. The index is constructed by evaluating the components of the index, using the Russell IdealRatings system, to identify companies that comply with Shariah principles. These ratings were developed based on the AAOFI. The fund is non-diversified.
Frequently Asked Questions
Is Manzil Russell Halal USA Broad (MNZL) stock halal to invest in?
According to AAOIFI Shariah screening standards, Manzil Russell Halal USA Broad (MNZL) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Manzil Russell Halal USA Broad have any interest income?
Interest income data for Manzil Russell Halal USA Broad is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if MNZL stock is Shariah-compliant?
MNZL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Manzil Russell Halal USA Broad stock reviewed for Shariah compliance?
MNZL is identified as an Islamic ETF based on its name/description.
Financial Ratios
Pass
Denominator: Market Capitalization
Dividend Purification
0.00%
Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About Manzil Russell Halal USA Broad
The fund uses a “passive management” approach to track the performance of the index. The index is composed of the common stock of large capitalization U.S. companies. The index is constructed by evaluating the components of the index, using the Russell IdealRatings system, to identify companies that comply with Shariah principles. These ratings were developed based on the AAOFI. The fund is non-diversified.
NASDAQETF
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on May 22, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Manzil Russell Halal USA Broad (MNZL) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Interest income data for Manzil Russell Halal USA Broad is factored into the financial ratio screening under AAOIFI standards.
MNZL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Manzil Russell Halal USA Broad 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save MNZL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Manzil Russell Halal USA Broad require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Manzil Russell Halal USA Broad 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Manzil Russell Halal USA Broad 's compliance status?
You can save MNZL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Manzil Russell Halal USA Broad stock considered halal?
Dividends from Manzil Russell Halal USA Broad require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Manzil Russell Halal USA Broad shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
