Is First Trust Dorsey Wright Momentum & Value ETF halal to invest in?

As of September 2026, First Trust Dorsey Wright Momentum & Value ETF DVLU 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 First Trust Dorsey Wright Momentum & 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 First Trust Dorsey Wright Momentum & Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Dorsey Wright Momentum & Value ETF updated?

The Shariah compliance status of First Trust Dorsey Wright Momentum & 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 First Trust Dorsey Wright Momentum & 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 First Trust Dorsey Wright Momentum & Value ETF?

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

First Trust Dorsey Wright Momentum & Value ETF DVLU

DVLU Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Dorsey Wright Momentum & Value ETF is classified as not halal.

NOT HALAL

Is First Trust Dorsey Wright Momentum & Value ETF Halal?

Shariah Compliance Analysis of DVLU ETF

US Equity Total Market

No. As of September 2026, First Trust Dorsey Wright Momentum & Value ETF (DVLU) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Dorsey Wright Momentum & Value ETF does not pass Musaffa's business and financial screening criteria.

DVLU was created on 2018-09-05 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 36.37m in AUM and 51 holdings. DVLU tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics.

First Trust Dorsey Wright Momentum & Value ETF (DVLU) Chart

Key Statistics of First Trust Dorsey Wright Momentum & Value ETF (DVLU)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
39.43%
Consumer Discretionary
23.26%
Health Care
10.55%
Industrials
8.37%
Consumer Staples
5.38%
Information Technology
3.92%
Energy
3.62%
Real Estate
3.19%
Utilities
2.10%
Other
0.18%

FAQ's for First Trust Dorsey Wright Momentum & Value ETF (DVLU)

As of September 2026, First Trust Dorsey Wright Momentum & Value ETF DVLU 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 First Trust Dorsey Wright Momentum & Value ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Dorsey Wright Momentum & 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 First Trust Dorsey Wright Momentum & Value ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.