Is Vanguard Mega Cap Value ETF halal to invest in?

As of September 2026, Vanguard Mega Cap Value ETF MGV 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 Vanguard Mega Cap Value 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 Vanguard Mega Cap Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Vanguard Mega Cap Value ETF updated?

The Shariah compliance status of Vanguard Mega Cap Value 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 Vanguard Mega Cap Value 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 Vanguard Mega Cap Value ETF?

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

Vanguard Mega Cap Value ETF MGV

MGV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Vanguard Mega Cap Value ETF is classified as not halal.

NOT HALAL

Is Vanguard Mega Cap Value ETF Halal?

Shariah Compliance Analysis of MGV ETF

US Equity Large Cap

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

MGV was created on 2007-12-17 by Vanguard. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 10764.15m in AUM and 125 holdings. The fund tracks an index of mega-cap stocks in the US. Holdings are selected and weighed based on five value factors.

Vanguard Mega Cap Value ETF (MGV) Chart

Key Statistics of Vanguard Mega Cap Value ETF (MGV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
21.03%
Financials
18.97%
Industrials
12.99%
Information Technology
11.90%
Consumer Staples
11.34%
Energy
8.00%
Other
4.10%
Consumer Discretionary
3.92%
Communication Services
3.00%
Utilities
2.55%
Real Estate
1.32%
Materials
0.88%

FAQ's for Vanguard Mega Cap Value ETF (MGV)

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