Is Dimensional California Municipal Bond ETF halal to invest in?

As of September 2026, Dimensional California Municipal Bond ETF DFCA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Dimensional California Municipal Bond ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Dimensional California Municipal Bond ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Dimensional California Municipal Bond ETF updated?

The Shariah compliance status of Dimensional California Municipal Bond ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Dimensional California Municipal Bond ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Dimensional California Municipal Bond ETF?

You can check the latest Shariah compliance status of Dimensional California Municipal Bond ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Dimensional California Municipal Bond ETF DFCA

DFCA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Dimensional California Municipal Bond ETF is classified as not halal.

NOT HALAL

Is Dimensional California Municipal Bond ETF Halal?

Shariah Compliance Analysis of DFCA ETF

US Fixed Income Investment Grade

No. As of September 2026, Dimensional California Municipal Bond ETF (DFCA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Dimensional California Municipal Bond ETF does not pass Musaffa's business and financial screening criteria.

DFCA was created on 2023-06-26 by Dimensional. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 593.12m in AUM and 431 holdings. DFCA is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature.

Dimensional California Municipal Bond ETF (DFCA) Chart

Key Statistics of Dimensional California Municipal Bond ETF (DFCA)

Today's Open

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Avg. Volume

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FAQ's for Dimensional California Municipal Bond ETF (DFCA)

As of September 2026, Dimensional California Municipal Bond ETF DFCA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Dimensional California Municipal Bond ETF using these criteria to determine its compliance status.
The Shariah compliance status of Dimensional California Municipal Bond ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Dimensional California Municipal Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.