AAM S&P Developed Markets High Dividend Value ETF DMDV
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DMDV Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, AAM S&P Developed Markets High Dividend Value ETF is classified as not halal.
NOT HALAL
Is AAM S&P Developed Markets High Dividend Value ETF Halal?
Shariah Compliance Analysis of DMDV ETF
US Equity Total Market No. As of September 2026, AAM S&P Developed Markets High Dividend Value ETF (DMDV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. AAM S&P Developed Markets High Dividend Value ETF does not pass Musaffa's business and financial screening criteria.
DMDV was created on 2018-11-27 by AAM. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 2.16m in AUM and 57 holdings. DMDV tracks an equal-weighted index of developed-market international large- and mid-cap stocks that score highly for both dividend yield and free cash flow.
AAM S&P Developed Markets High Dividend Value ETF (DMDV) Chart
Key Statistics of AAM S&P Developed Markets High Dividend Value ETF (DMDV)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Real Estate9.68%
- Consumer Staples9.62%
- Communication Services9.32%
- Information Technology9.25%
- Utilities9.24%
- Health Care9.16%
- Financials9.03%
- Consumer Discretionary8.50%
- Energy7.95%
- Industrials7.04%
- Materials6.67%
- Other4.54%
FAQ's for AAM S&P Developed Markets High Dividend Value ETF (DMDV)
- As of September 2026, AAM S&P Developed Markets High Dividend Value ETF DMDV 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 AAM S&P Developed Markets High Dividend Value ETF using these criteria to determine its compliance status.
- The Shariah compliance status of AAM S&P Developed Markets High 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 AAM S&P Developed Markets High Dividend Value ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.