Manzil Russell Halal USA Broad Market ETF
MNZL
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Khurram Zubair Agha
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- C/O Harvard Business Services, Inc., 16192 Coastal Hwy Lewes United States of America 19958
- IPO Date
- Nov 19, 2025
- CIK
- 0001592900
- Website
- manzilfunds.com
- Similar Companies
- Business
- Manzil Russell Halal USA Broad Market ETF (MNZL) is a passively managed exchange-traded fund that tracks the Russell IdealRatings Manzil Halal USA Broad Market Index, providing investors with exposure to a Shariah-compliant subset of large- and mid-cap U.S. equities screened for Islamic principles and ethical standards. The fund applies AAOIFI-aligned Halal compliance screens to the Russell 1000 Index components using the Russell IdealRatings system, excluding sectors such as conventional banking, alcohol, gambling, and interest-bearing instruments; it further incorporates an ethical overlay based on American Friends Service Committee (AFSC) criteria to filter companies linked to human rights violations, apartheid, ethnic cleansing, or genocide. Holdings encompass approximately 444 securities across diversified sectors including information technology, healthcare, consumer discretionary, and industrials, with top positions in companies like Apple Inc., Alphabet Inc., Broadcom Inc., Eli Lilly & Co., and Intuitive Surgical Inc. Launched on November 18, 2025, and domiciled in the United States, MNZL operates as an open-ended investment company under the EA Series Trust, with Empowered Funds, LLC (doing business as ETF Architect) serving as investment adviser, Manzil Inc. as sub-adviser, and PINE Distributors LLC as distributor. The ETF targets ethically conscious investors, particularly those adhering to Islamic finance principles, offering broad U.S. market access without manual stock screening; it features a 0.40% expense ratio, annual dividend distributions, and creation/redemption in institutional share blocks. Manzil Investment Advisors, LLC, the firm behind the product, focuses on faith-aligned tools integrating Shariah and broader ethical standards, marking MNZL as its debut ETF amid expansion in North American Islamic finance. In a major recent development, Manzil launched MNZL on Nasdaq in November 2025, achieving deployment in just three months and positioning the firm as an innovator at the intersection of Islamic finance and ethical investing. This debut reflects strategic growth for Manzil, founded in 2017 and headquartered in Toronto, Canada, with U.S. operations supporting values-driven products; no additional acquisitions, partnerships, or funding rounds specific to MNZL have been reported since inception. The fund's assets under management stand at approximately $523,000 as of late 2025, emphasizing its nascent but targeted role in Shariah-compliant equity strategies.