Is Siren DIVCON Dividend Defender ETF halal to invest in?

As of September 2026, Siren DIVCON Dividend Defender ETF DFND 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 Siren DIVCON Dividend Defender 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 Siren DIVCON Dividend Defender ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Siren DIVCON Dividend Defender ETF updated?

The Shariah compliance status of Siren DIVCON Dividend Defender 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 Siren DIVCON Dividend Defender 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 Siren DIVCON Dividend Defender ETF?

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

Siren DIVCON Dividend Defender ETF DFND

DFND Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Siren DIVCON Dividend Defender ETF is classified as not halal.

NOT HALAL

Is Siren DIVCON Dividend Defender ETF Halal?

Shariah Compliance Analysis of DFND ETF

US Equity Large Cap

No. As of September 2026, Siren DIVCON Dividend Defender ETF (DFND) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Siren DIVCON Dividend Defender ETF does not pass Musaffa's business and financial screening criteria.

DFND was created on 2016-01-14 by Siren. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 8.9m in AUM and 61 holdings. DFND tracks an index of dividend-paying US large-cap stocks that are likely to increase dividends, while shorting those that are unlikely to do so. At rebalance, the fund is 75% long, 25% short.

Siren DIVCON Dividend Defender ETF (DFND) Chart

Key Statistics of Siren DIVCON Dividend Defender ETF (DFND)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
26.71%
Industrials
21.63%
Financials
12.90%
Information Technology
10.61%
Materials
8.65%
Consumer Discretionary
6.42%
Consumer Staples
3.99%
Utilities
3.97%
Energy
2.77%
Communication Services
2.35%

FAQ's for Siren DIVCON Dividend Defender ETF (DFND)

As of September 2026, Siren DIVCON Dividend Defender ETF DFND 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 Siren DIVCON Dividend Defender ETF using these criteria to determine its compliance status.
The Shariah compliance status of Siren DIVCON Dividend Defender 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 Siren DIVCON Dividend Defender ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.