Manzil Manzil Russell Halal USA Broad Market ETF
Halal Investing in Rhode Island
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
~450
Manzil in Rhode Island
Manzil's Manzil Russell Halal USA Broad Market ETF is available to investors in Rhode Island, structured as a Index-based. The fund carries an expense ratio of 0.40%. Rhode Island is home to an estimated ~3K Muslims (0.2% of the population) (World Population Review, 2020 estimates). Manzil serves 49 states, including Rhode Island.
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 Rhode Island
20 other investing products available to Rhode Island residents
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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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.