When most people hear “Environmental, Social, and Governance (ESG) investing,” they think of a modern, secular movement driven by corporate governance and climate concerns. When they hear “Islamic finance,” they think of faith-based rules rooted in centuries of scholarship. On the surface, these two worlds seem entirely separate.
But if you look closer, the overlap is striking!
Both Islamic finance and ESG investing are built on a foundational premise: that capital should not simply grow; it should do good, or at minimum, do no harm. Both approaches use negative screens to exclude industries whose activities conflict with their values and in many cases, these screens overlap. Tobacco, alcohol, and gambling are excluded under both Shariah compliance and many ESG mandates. Standard Chartered
Both frameworks prioritize long-term sustainability over immediate profits, rooted in the core belief that investments should generate positive social impact alongside financial returns.
That is precisely why the Manzil Russell Halal USA Broad Market ETF (MNZL) was designed with a dual-screening process — combining AAOIFI Shariah compliance with an AFSC human rights overlay. The result is a portfolio that speaks to both communities: investors driven by faith, and investors driven by conscience.
For a growing number of people, those two things are the same.
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. Statistical and analytical claims are drawn from Standard Chartered and a published academic/industry comparison. Maintain source documentation in compliance records.