Key stats
About Manzil Russell Halal USA Broad Market ETF
Home page
Inception date
Nov 18, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Pine Distributors LLC
Identifiers
3
ISIN US02072Q3175
MNZL invests in US large-cap companies aligned with Shariah and ethical investment principles. Starting with stocks from the Russell 1000 index, the fund applies a Shariah screening process to filter sectors tied to prohibited activities (e.g., adult entertainment, alcohol, conventional financial services, defense, gambling, pork, tobacco). Another screen, based on the American Friends Service Committee (AFSC) standards, focuses on identifying companies with demonstrated links to apartheid, ethnic cleansing, genocide, or other grave human rights violations. In addition, the fund screens eligible companies for financial and liquidity requirements. Companies and their business activities are then rated according to how harmful their involvement is to human rights, as well as their responsiveness to engagement and willingness to change. Companies that fail to meet standards based on these scores are excluded from the portfolio. The index is market cap-weighted and reconstituted quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Health Technology
Stocks99.60%
Electronic Technology31.00%
Health Technology17.23%
Producer Manufacturing7.74%
Technology Services7.61%
Consumer Durables5.32%
Retail Trade4.91%
Consumer Non-Durables4.78%
Transportation3.23%
Process Industries3.03%
Industrial Services2.43%
Finance2.28%
Consumer Services2.28%
Distribution Services2.07%
Non-Energy Minerals1.93%
Energy Minerals1.53%
Communications0.79%
Commercial Services0.63%
Utilities0.44%
Health Services0.29%
Miscellaneous0.09%
Bonds, Cash & Other0.40%
Cash0.40%
Stock breakdown by region
North America97.05%
Europe2.95%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MNZL invests in stocks. The fund's major sectors are Electronic Technology, with 31.00% stocks, and Health Technology, with 17.23% of the basket. The assets are mostly located in the North America region.
MNZL top holdings are Apple Inc. and Broadcom Inc., occupying 14.69% and 5.90% of the portfolio correspondingly.
MNZL assets under management is 3.19 M USD. It's risen 102.24% over the last month.
MNZL fund flows account for 3.09 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MNZL pays dividends to its holders with the dividend yield of 0.04%. The last dividend (Dec 31, 2025) amounted to 0.02 USD. The dividends are paid annually.
MNZL shares are issued by Empirical Finance LLC under the brand Manzil. The ETF was launched on Nov 18, 2025, and its management style is Passive.
MNZL expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
MNZL follows the Russell Ideal Ratings Manzil Halal USA Broad Market Custom Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MNZL invests in stocks.
MNZL price has risen by 1.34% over the last month, and its yearly performance shows a 6.76% increase. See more dynamics on MNZL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.11% over the last month, showed a 3.40% increase in three-month performance and has increased by 3.40% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.11% over the last month, showed a 3.40% increase in three-month performance and has increased by 3.40% in a year.
MNZL trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.