Sharia stock screening

Is Mahaana Islamic Index ETF (MIIETF) Sharia-Compliant (Halal)? June 2026 Screening

✓ MIIETF is currently Sharia-compliant (halal)

Mahaana Islamic Index ETF (MIIETF) in the Exchange Traded Funds sector is considered Sharia-compliant (halal) based on the latest KMI All-Share screen.

It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review.

Mahaana Islamic Index ETF is a Pakistan Stock Exchange-listed company in the Exchange Traded Funds sector. A stock's halal (Sharia) status depends on its business activity and financial ratios, not its share price or popularity.

What this means

The KMI All-Share Index is the Pakistan Stock Exchange's reference list of Sharia-compliant companies. A stock is included only if its business is permissible under Islamic principles and it passes the financial screens, primarily a low ratio of interest-bearing debt tomarket capitalisation and a negligible share of income from non-compliant sources. MIIETF currently meets these criteria.

Reference: KMI All-Share screen, notice PSX/N-659, effective 2026-06-05.

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Frequently asked questions

Is MIIETF halal to invest in?

Mahaana Islamic Index ETF (MIIETF) is considered Sharia-compliant (halal) under the latest KMI All-Share screen (2026-06-05). It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review. Always re-check the current screen before investing.

How is MIIETF screened for Sharia compliance?

MIIETF is assessed on two tests: whether its core business is permissible, and whether its financials pass the Sharia ratios (interest-bearing debt below ~33% of market cap and non-compliant income below ~5%). The KMI All-Share Index applies these tests.

This page is educational and not financial advice. Sharia classification can change at each review, verify MIIETF's current status on the official KMI screen before investing.