Is RiverNorth Patriot ETF halal to invest in?

As of September 2026, RiverNorth Patriot ETF FLDZ 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 RiverNorth Patriot 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 RiverNorth Patriot ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for RiverNorth Patriot ETF updated?

The Shariah compliance status of RiverNorth Patriot 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 RiverNorth Patriot 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 RiverNorth Patriot ETF?

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

RiverNorth Patriot ETF FLDZ

FLDZ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, RiverNorth Patriot ETF is classified as not halal.

NOT HALAL

Is RiverNorth Patriot ETF Halal?

Shariah Compliance Analysis of FLDZ ETF

US Equity Total Market

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

FLDZ was created on 2022-01-03 by RiverNorth. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 3.86m in AUM and 339 holdings. FLDZ is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation.

RiverNorth Patriot ETF (FLDZ) Chart

Key Statistics of RiverNorth Patriot ETF (FLDZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
17.80%
Consumer Discretionary
13.60%
Utilities
12.75%
Industrials
11.98%
Energy
11.48%
Health Care
9.39%
Real Estate
7.66%
Consumer Staples
6.40%
Communication Services
3.50%
Other
1.92%
Information Technology
1.87%
Materials
1.65%

FAQ's for RiverNorth Patriot ETF (FLDZ)

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