Manzil Russell Halal USA Broad Market ETF(NASDAQ:MNZL)

MNZL invests in US large-cap companies aligned with Shariah and ethical investment principles. Starting with stocks from the Russell 1000 index, the fund applies a Shariah screening process to filter sectors tied to prohibited activities (e.g., adult entertainment, alcohol, conventional financial services, defense, gambling, pork, tobacco). Another screen, based on the American Friends Service Committee (AFSC) standards, focuses on identifying companies with demonstrated links to apartheid, ethnic cleansing, genocide, or other grave human rights violations. In addition, the fund screens eligible companies for financial and liquidity requirements. Companies and their business activities are then rated according to how harmful their involvement is to human rights, as well as their responsiveness to engagement and willingness to change. Companies that fail to meet standards based on these scores are excluded from the portfolio. The index is market cap-weighted and reconstituted quarterly.