Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF DRFG.TO
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DRFG.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF is classified as not halal.
NOT HALAL
Is Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF Halal?
Shariah Compliance Analysis of DRFG.TO ETF
CA Equity Total Market No. As of September 2026, Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF does not pass Musaffa's business and financial screening criteria.
DRFG.TO was created on 2019-03-07 by Desjardins. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 30.86m in AUM and 297 holdings. The fund tracks an index of multi-factor selected global stocks excluding firms that own or derive significant revenue from fossil fuel reserves. Holdings must also meet pre-determined ESG standards.
Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO) Chart
Key Statistics of Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO)
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-FAQ's for Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF (DRFG.TO)
- As of September 2026, Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF DRFG.TO 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 Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Desjardins RI Global Multifactor Fossil Fuel Reserves Free 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 Desjardins RI Global Multifactor Fossil Fuel Reserves Free ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.