Is ProShares S&P 500 Dividend Aristocrats ETF halal to invest in?

As of September 2026, ProShares S&P 500 Dividend Aristocrats ETF NOBL 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 ProShares S&P 500 Dividend Aristocrats 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 ProShares S&P 500 Dividend Aristocrats ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares S&P 500 Dividend Aristocrats ETF updated?

The Shariah compliance status of ProShares S&P 500 Dividend Aristocrats 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 ProShares S&P 500 Dividend Aristocrats 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 ProShares S&P 500 Dividend Aristocrats ETF?

You can check the latest Shariah compliance status of ProShares S&P 500 Dividend Aristocrats ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares S&P 500 Dividend Aristocrats ETF NOBL

NOBL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares S&P 500 Dividend Aristocrats ETF is classified as not halal.

NOT HALAL

Is ProShares S&P 500 Dividend Aristocrats ETF Halal?

Shariah Compliance Analysis of NOBL ETF

US Equity Large Cap

No. As of September 2026, ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares S&P 500 Dividend Aristocrats ETF does not pass Musaffa's business and financial screening criteria.

NOBL was created on 2013-10-09 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 11237.97m in AUM and 70 holdings. NOBL tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years.

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) Chart

Key Statistics of ProShares S&P 500 Dividend Aristocrats ETF (NOBL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
23.97%
Industrials
23.25%
Materials
11.95%
Financials
10.40%
Health Care
10.36%
Consumer Discretionary
4.75%
Utilities
4.66%
Real Estate
4.41%
Information Technology
3.12%
Energy
2.84%
Other
0.29%

FAQ's for ProShares S&P 500 Dividend Aristocrats ETF (NOBL)

As of September 2026, ProShares S&P 500 Dividend Aristocrats ETF NOBL 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 ProShares S&P 500 Dividend Aristocrats ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares S&P 500 Dividend Aristocrats 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 ProShares S&P 500 Dividend Aristocrats ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.