Nationwide Maximum Diversification US Core Equity ETF MXDU
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MXDU Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Nationwide Maximum Diversification US Core Equity ETF is classified as not halal.
NOT HALAL
Is Nationwide Maximum Diversification US Core Equity ETF Halal?
Shariah Compliance Analysis of MXDU ETF
US Equity Total Market No. As of September 2026, Nationwide Maximum Diversification US Core Equity ETF (MXDU) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nationwide Maximum Diversification US Core Equity ETF does not pass Musaffa's business and financial screening criteria.
MXDU was created on 2017-09-15 by Nationwide. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 94.37m in AUM and 425 holdings. MXDU tracks an index of US companies, excluding those with business practices that contradict certain socially responsible investment values. The fund is optimized to maximize a proprietary measure of diversification.
Nationwide Maximum Diversification US Core Equity ETF (MXDU) Chart
Key Statistics of Nationwide Maximum Diversification US Core Equity ETF (MXDU)
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-FAQ's for Nationwide Maximum Diversification US Core Equity ETF (MXDU)
- As of September 2026, Nationwide Maximum Diversification US Core Equity ETF MXDU 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 Nationwide Maximum Diversification US Core Equity ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Nationwide Maximum Diversification US Core Equity 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 Nationwide Maximum Diversification US Core Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.