Is Virtus Terranova US Quality Momentum ETF halal to invest in?

As of September 2026, Virtus Terranova US Quality Momentum ETF JOET 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 Virtus Terranova US Quality Momentum 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 Virtus Terranova US Quality Momentum ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Virtus Terranova US Quality Momentum ETF updated?

The Shariah compliance status of Virtus Terranova US Quality Momentum 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 Virtus Terranova US Quality Momentum 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 Virtus Terranova US Quality Momentum ETF?

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

Virtus Terranova US Quality Momentum ETF JOET

JOET Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Virtus Terranova US Quality Momentum ETF is classified as not halal.

NOT HALAL

Is Virtus Terranova US Quality Momentum ETF Halal?

Shariah Compliance Analysis of JOET ETF

US Equity Large Cap

No. As of September 2026, Virtus Terranova US Quality Momentum ETF (JOET) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Virtus Terranova US Quality Momentum ETF does not pass Musaffa's business and financial screening criteria.

JOET was created on 2020-11-17 by Virtus. The fund's investment portfolio concentrates primarily on large cap equity. JOET tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes.

Virtus Terranova US Quality Momentum ETF (JOET) Chart

Key Statistics of Virtus Terranova US Quality Momentum ETF (JOET)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
26.72%
Information Technology
24.27%
Industrials
16.32%
Consumer Discretionary
10.64%
Health Care
5.24%
Energy
4.95%
Real Estate
3.44%
Communication Services
3.36%
Other
1.65%
Consumer Staples
1.55%
Utilities
1.13%
Materials
0.73%

FAQ's for Virtus Terranova US Quality Momentum ETF (JOET)

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