Is Defiance Pure Electric Vehicle ETF halal to invest in?

As of September 2026, Defiance Pure Electric Vehicle ETF EVXX 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 Defiance Pure Electric Vehicle 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 Defiance Pure Electric Vehicle ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Defiance Pure Electric Vehicle ETF updated?

The Shariah compliance status of Defiance Pure Electric Vehicle 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 Defiance Pure Electric Vehicle 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 Defiance Pure Electric Vehicle ETF?

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

Defiance Pure Electric Vehicle ETF EVXX

EVXX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Defiance Pure Electric Vehicle ETF is classified as not halal.

NOT HALAL

Is Defiance Pure Electric Vehicle ETF Halal?

Shariah Compliance Analysis of EVXX ETF

US Equity Theme

No. As of September 2026, Defiance Pure Electric Vehicle ETF (EVXX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Defiance Pure Electric Vehicle ETF does not pass Musaffa's business and financial screening criteria.

EVXX was created on 2023-06-13 by Defiance. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1.63m in AUM and 7 holdings. EVXX is an actively managed fund, using swap agreements to provide exposure to the five largest electric vehicle manufacturers in the US. Exposure to each company selected is equally weighted.

Defiance Pure Electric Vehicle ETF (EVXX) Chart

Key Statistics of Defiance Pure Electric Vehicle ETF (EVXX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
99.76%
Consumer Discretionary
0.24%

FAQ's for Defiance Pure Electric Vehicle ETF (EVXX)

As of September 2026, Defiance Pure Electric Vehicle ETF EVXX 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 Defiance Pure Electric Vehicle ETF using these criteria to determine its compliance status.
The Shariah compliance status of Defiance Pure Electric Vehicle 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 Defiance Pure Electric Vehicle ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.