Is Dimensional National Municipal Bond ETF halal to invest in?

As of September 2026, Dimensional National Municipal Bond ETF DFNM 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 National 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 National Municipal Bond ETF using these criteria to determine its compliance status.

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

The Shariah compliance status of Dimensional National 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 National 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 National Municipal Bond ETF?

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

Dimensional National Municipal Bond ETF DFNM

DFNM Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Dimensional National Municipal Bond ETF Halal?

Shariah Compliance Analysis of DFNM ETF

US Fixed Income Investment Grade

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

DFNM was created on 2021-11-15 by Dimensional. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1910.36m in AUM and 1091 holdings. DFNM is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax.

Dimensional National Municipal Bond ETF (DFNM) Chart

Key Statistics of Dimensional National Municipal Bond ETF (DFNM)

Today's Open

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FAQ's for Dimensional National Municipal Bond ETF (DFNM)

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