First Trust Dorsey Wright Momentum & Low Volatility ETF DVOL
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DVOL Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Dorsey Wright Momentum & Low Volatility ETF is classified as not halal.
NOT HALAL
Is First Trust Dorsey Wright Momentum & Low Volatility ETF Halal?
Shariah Compliance Analysis of DVOL ETF
US Equity Total Market No. As of September 2026, First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Dorsey Wright Momentum & Low Volatility ETF does not pass Musaffa's business and financial screening criteria.
DVOL was created on 2018-09-05 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 81.66m in AUM and 51 holdings. DVOL tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility.
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) Chart
Key Statistics of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Financials35.77%
- Industrials23.80%
- Health Care8.54%
- Consumer Discretionary7.38%
- Information Technology6.65%
- Consumer Staples6.53%
- Materials4.36%
- Energy3.63%
- Real Estate3.19%
- Other0.15%
FAQ's for First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
- As of September 2026, First Trust Dorsey Wright Momentum & Low Volatility ETF DVOL 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 & Low Volatility ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Dorsey Wright Momentum & Low Volatility 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 & Low Volatility ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.