Is Freedom Day Dividend ETF halal to invest in?

As of September 2026, Freedom Day Dividend ETF MBOX 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 Freedom Day Dividend 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 Freedom Day Dividend ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Freedom Day Dividend ETF updated?

The Shariah compliance status of Freedom Day Dividend 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 Freedom Day Dividend 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 Freedom Day Dividend ETF?

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

Freedom Day Dividend ETF MBOX

MBOX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Freedom Day Dividend ETF is classified as not halal.

NOT HALAL

Is Freedom Day Dividend ETF Halal?

Shariah Compliance Analysis of MBOX ETF

US Equity Total Market

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

MBOX was created on 2021-05-05 by Freedom Day. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 122.88m in AUM and 52 holdings. MBOX is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time.

Freedom Day Dividend ETF (MBOX) Chart

Key Statistics of Freedom Day Dividend ETF (MBOX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
16.60%
Industrials
15.95%
Information Technology
13.43%
Consumer Discretionary
12.52%
Energy
11.81%
Health Care
11.22%
Consumer Staples
9.26%
Real Estate
4.04%
Other
2.11%
Communication Services
1.67%
Materials
1.39%

FAQ's for Freedom Day Dividend ETF (MBOX)

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