Is Deka MDAX UCITS ETF halal to invest in?

As of September 2026, Deka MDAX UCITS ETF ELF1.DE 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 Deka MDAX UCITS 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 Deka MDAX UCITS ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Deka MDAX UCITS ETF updated?

The Shariah compliance status of Deka MDAX UCITS 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 Deka MDAX UCITS 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 Deka MDAX UCITS ETF?

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

Deka MDAX UCITS ETF ELF1.DE

ELF1.DE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Deka MDAX UCITS ETF is classified as not halal.

NOT HALAL

Is Deka MDAX UCITS ETF Halal?

Shariah Compliance Analysis of ELF1.DE ETF

DE Equity Mid Cap

No. As of September 2026, Deka MDAX UCITS ETF (ELF1.DE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Deka MDAX UCITS ETF does not pass Musaffa's business and financial screening criteria.

ELF1.DE was created on 2014-04-11 by Deka. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 393.26m in AUM and 51 holdings. The Deka MDAX UCITS ETF is a UCITS IV compliant mutual fund that tracks the performance of the MDAX index (performance index). The index comprises 60 medium-sized German stock corporations as well as foreign companies mainly active in Germany which follow the 30 DAX stocks

Deka MDAX UCITS ETF (ELF1.DE) Chart

Key Statistics of Deka MDAX UCITS ETF (ELF1.DE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Deka MDAX UCITS ETF (ELF1.DE)

As of September 2026, Deka MDAX UCITS ETF ELF1.DE 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 Deka MDAX UCITS ETF using these criteria to determine its compliance status.
The Shariah compliance status of Deka MDAX UCITS 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 Deka MDAX UCITS ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.