The launch of the Manzil Russell Halal USA Broad Market ETF (Ticker: MNZL) marked a
significant moment for Islamic finance in North America. Dr. Mohamad Sawwaf, Manzil’s
CEO appeared on the Nasdaq “Just for Funds” segment to discuss the fund’s launch and
Manzil’s expansion into the United States.
Who Is MNZL For?
MNZL is designed for investors who want their portfolio to reflect both their financial goals and
their values.
Muslim Investors Seeking Shariah-Compliant Options: For Muslim investors, MNZL offers a
rigorously screened, accessible entry point into the U.S. equity market, without compromising on
Islamic finance principles. Whether you are building long-term wealth, saving for retirement, or
establishing a core portfolio holding, MNZL is designed to help keep your investments aligned
with your faith.
Ethically Minded Investors MNZL’s dual-screening process: Combining AAOIFI Shariah
standards with an AFSC human rights overlay, also appeals to investors who prioritize investing
ethtically, regardless of religious affiliation. If you believe your capital should not support human
rights violations, weapons manufacturing, tobacco, or predatory financial practices, MNZL’s
methodology aligns with those convictions.
Investors Seeking Broad U.S. Market Exposure MNZL draws from the Russell 1000®
universe of large- and mid-cap U.S. equities, making it suitable as a diversified core holding for
investors seeking broad domestic market participation through a single, transparent, low-cost
instrument.
The Screening of MNZL
Many investors in the North American Muslim community have had limited access to
diversified, Shariah-compliant equity options. MNZL is built on a three-layer screening
methodology.
● Layer 1: Shariah Compliance: Every holding must pass AAOIFI-guided business
activity and financial ratio screens, excluding prohibited sectors and companies with
interest-bearing debt exceeding 30% of average market capitalization, or impermissible
income above 5% of total revenue.
● Layer 2: Ethical Overlay: An AFSC human rights screen removes companies with
demonstrated links to apartheid, ethnic cleansing, or grave human rights violations.
○ Strategic Index Design: Drawing from the Russell 1000®, MNZL accesses both
large- and mid-cap U.S. equities to pursue broader diversification than narrow
large-cap-only Halal funds.
Note*Individual holdings are capped at 10% at each quarterly rebalance.
Where Is MNZL Accessible and Tradable?
MNZL is listed on the Nasdaq Stock Exchange under the ticker symbol MNZL, making it
accessible through most major brokerage platforms in the United States.
As an exchange-traded fund, MNZL trades like a stock — meaning you can buy or sell shares
through any brokerage account that provides access to Nasdaq-listed securities. This includes
many widely used retail and self-directed investment platforms.
For investors outside the United States, availability will depend on your country of residence and
the platforms accessible in your jurisdiction. We encourage you to check with your local broker
or financial advisor to confirm access.
To learn more or to read the full prospectus before investing, visit manzilfunds.com.
Important Disclosures: To learn more about the objectives and risks of MNZL and to
obtain a prospectus, scroll to the Important Information section at the bottom of this page.
Read the prospectus carefully before investing. ETFAC-5548998-07/26
Read the prospectus at manzilfunds.com.