Is Davis Select Financial ETF halal to invest in?

As of September 2026, Davis Select Financial ETF DFNL 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 Davis Select Financial 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 Davis Select Financial ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Davis Select Financial ETF updated?

The Shariah compliance status of Davis Select Financial 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 Davis Select Financial 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 Davis Select Financial ETF?

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

Davis Select Financial ETF DFNL

DFNL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Davis Select Financial ETF is classified as not halal.

NOT HALAL

Is Davis Select Financial ETF Halal?

Shariah Compliance Analysis of DFNL ETF

US Equity Financials

No. As of September 2026, Davis Select Financial ETF (DFNL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Davis Select Financial ETF does not pass Musaffa's business and financial screening criteria.

DFNL was created on 2017-01-11 by Davis. The fund's investment portfolio concentrates primarily on financials equity. DFNL is an actively-managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital.

Davis Select Financial ETF (DFNL) Chart

Key Statistics of Davis Select Financial ETF (DFNL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
91.28%
Other
7.59%
Consumer Discretionary
1.13%

FAQ's for Davis Select Financial ETF (DFNL)

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