Manzil Manzil Russell Halal USA Broad Market ETF
Halal Investing in Alaska
Broad exposure to US halal equities using the Russell Halal USA index methodology
Manzil offers ETF, a etf designed for Shariah-compliant investors. The fund carries an expense ratio of 0.40%.
Pros
- Lowest expense ratio of any halal ETF (0.40%)
- Most holdings (~450)
- Russell index methodology
Cons
- Newest and smallest by AUM
- Less brand recognition
- Limited track record
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Product Details
Type
ETF
Expense Ratio
0.40%
Account Types
Individual, IRA, Roth IRA
Screening Method
Russell Halal USA Index
Holdings
~461
Manzil in Alaska
Manzil's Manzil Russell Halal USA Broad Market ETF is available to investors in Alaska, structured as a Index-based. The fund carries an expense ratio of 0.40%. It holds a HalalWallet rating of 5/5. Alaska is home to an estimated ~400 Muslims (0.1% of the population) (World Population Review, 2020 estimates). Manzil serves 49 states, including Alaska. Alaska has no state income tax, which means returns on halal investments compound without state-level taxation.
Our Take on Manzil
Manzil is a newer Islamic finance provider with formal Shariah board oversight. Check current product availability and state coverage directly with Manzil.
Shariah Compliance & Oversight
Shariah compliance verified
Shariah compliance reviewed by independent advisory. Products launching 2026.
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Compare With Other Options in Alaska
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Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
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Co-Founder, HalalWallet
Important: HalalWallet is an educational comparison platform. We do not provide financial, legal, or religious advice.
Product structures and Shariah-compliance oversight vary by provider. Before applying:
- Verify halal compliance directly with the provider.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Consult a qualified Islamic finance advisor or scholar for guidance on your individual circumstances.