Is Madison Dividend Value ETF halal to invest in?

As of September 2026, Madison Dividend Value ETF DIVL 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 Madison Dividend Value 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 Madison Dividend Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Madison Dividend Value ETF updated?

The Shariah compliance status of Madison Dividend Value 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 Madison Dividend Value 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 Madison Dividend Value ETF?

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

Madison Dividend Value ETF DIVL

DIVL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Madison Dividend Value ETF is classified as not halal.

NOT HALAL

Is Madison Dividend Value ETF Halal?

Shariah Compliance Analysis of DIVL ETF

US Equity Total Market

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

DIVL was created on 2023-08-15 by Madison. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 61.85m in AUM and 38 holdings. DIVL uses an active approach to invest in stocks from around the globe. The fund seeks current income and capital appreciation by targeting stocks with favorable dividend yields that appear undervalued.

Madison Dividend Value ETF (DIVL) Chart

Key Statistics of Madison Dividend Value ETF (DIVL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
19.35%
Industrials
18.82%
Health Care
13.28%
Energy
10.81%
Information Technology
8.24%
Utilities
7.57%
Consumer Discretionary
6.72%
Consumer Staples
6.45%
Real Estate
3.77%
Materials
3.65%
Communication Services
0.98%
Other
0.36%

FAQ's for Madison Dividend Value ETF (DIVL)

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