Manzil ETF
Halal Investing in Tennessee
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
- Broad coverage across 49 states
- Low expense ratio of 0.40%
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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 Tennessee
Manzil's ETF is available to investors in Tennessee. The fund carries an expense ratio of 0.40%. Tennessee is home to an estimated ~40K Muslims (0.6% of the population) (World Population Review, 2020 estimates). Manzil serves 49 states, including Tennessee. Tennessee 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
Why It's Halal
Shariah-screened US broad market ETF using Russell index methodology
Start Investing — Manzil
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Compare With Other Options in Tennessee
20 other investing products available to Tennessee 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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Halal Finance Score
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Average score: 63/100
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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.