Is ProShares MSCI EAFE Dividend Growers ETF halal to invest in?

As of September 2026, ProShares MSCI EAFE Dividend Growers ETF EFAD 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 ProShares MSCI EAFE Dividend Growers 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 ProShares MSCI EAFE Dividend Growers ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares MSCI EAFE Dividend Growers ETF updated?

The Shariah compliance status of ProShares MSCI EAFE Dividend Growers 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 ProShares MSCI EAFE Dividend Growers 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 ProShares MSCI EAFE Dividend Growers ETF?

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

ProShares MSCI EAFE Dividend Growers ETF EFAD

EFAD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares MSCI EAFE Dividend Growers ETF is classified as not halal.

NOT HALAL

Is ProShares MSCI EAFE Dividend Growers ETF Halal?

Shariah Compliance Analysis of EFAD ETF

US Equity Total Market

No. As of September 2026, ProShares MSCI EAFE Dividend Growers ETF (EFAD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares MSCI EAFE Dividend Growers ETF does not pass Musaffa's business and financial screening criteria.

EFAD was created on 2014-08-19 by ProShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 63.71m in AUM and 80 holdings. EFAD tracks an equally weighted broad-market index of developed-market companies, ex-North America, that have raised their dividend for each of the past 10 years.

ProShares MSCI EAFE Dividend Growers ETF (EFAD) Chart

Key Statistics of ProShares MSCI EAFE Dividend Growers ETF (EFAD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
18.76%
Health Care
16.59%
Information Technology
16.43%
Financials
9.86%
Consumer Staples
8.70%
Utilities
6.88%
Materials
5.85%
Communication Services
5.54%
Consumer Discretionary
4.53%
Real Estate
4.34%
Other
2.52%

FAQ's for ProShares MSCI EAFE Dividend Growers ETF (EFAD)

As of September 2026, ProShares MSCI EAFE Dividend Growers ETF EFAD 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 ProShares MSCI EAFE Dividend Growers ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares MSCI EAFE Dividend Growers 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 ProShares MSCI EAFE Dividend Growers ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.