Is Democracy International Fund ETF halal to invest in?

As of September 2026, Democracy International Fund ETF DMCY 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 Democracy International Fund 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 Democracy International Fund ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Democracy International Fund ETF updated?

The Shariah compliance status of Democracy International Fund 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 Democracy International Fund 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 Democracy International Fund ETF?

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

Democracy International Fund ETF DMCY

DMCY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Democracy International Fund ETF is classified as not halal.

NOT HALAL

Is Democracy International Fund ETF Halal?

Shariah Compliance Analysis of DMCY ETF

US Equity Total Market

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

DMCY was created on 2021-03-31 by Democracy. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 11.04m in AUM and 197 holdings. DMCY tracks an index of global, large- and mid-cap companies outside the US. The index aims to overweight investments in democratic countries while underweighting those in authoritarian countries.

Democracy International Fund ETF (DMCY) Chart

Key Statistics of Democracy International Fund ETF (DMCY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
47.85%
Financials
10.94%
Industrials
7.66%
Health Care
7.62%
Information Technology
5.24%
Consumer Discretionary
4.85%
Consumer Staples
4.55%
Energy
4.35%
Materials
3.43%
Utilities
1.88%
Communication Services
1.38%
Real Estate
0.25%

FAQ's for Democracy International Fund ETF (DMCY)

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