Is Monarch Dividend Plus ETF halal to invest in?

As of September 2026, Monarch Dividend Plus ETF MDPL 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 Monarch Dividend Plus 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 Monarch Dividend Plus ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Monarch Dividend Plus ETF updated?

The Shariah compliance status of Monarch Dividend Plus 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 Monarch Dividend Plus 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 Monarch Dividend Plus ETF?

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

Monarch Dividend Plus ETF MDPL

MDPL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Monarch Dividend Plus ETF is classified as not halal.

NOT HALAL

Is Monarch Dividend Plus ETF Halal?

Shariah Compliance Analysis of MDPL ETF

US Equity Large Cap

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

MDPL was created on 2024-03-06 by Monarch. The fund's investment portfolio concentrates primarily on large cap equity. MDPL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation.

Monarch Dividend Plus ETF (MDPL) Chart

Key Statistics of Monarch Dividend Plus ETF (MDPL)

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FAQ's for Monarch Dividend Plus ETF (MDPL)

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