Is Purpose Enhanced Dividend Fund halal to invest in?

As of September 2026, Purpose Enhanced Dividend Fund PDIV.TO 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 Purpose Enhanced Dividend Fund 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 Purpose Enhanced Dividend Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose Enhanced Dividend Fund updated?

The Shariah compliance status of Purpose Enhanced Dividend Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Purpose Enhanced Dividend Fund 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 Purpose Enhanced Dividend Fund?

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

Purpose Enhanced Dividend Fund PDIV.TO

PDIV.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose Enhanced Dividend Fund is classified as not halal.

NOT HALAL

Is Purpose Enhanced Dividend Fund ETF Halal?

Shariah Compliance Analysis of PDIV.TO ETF

CA Equity Total Market

No. As of September 2026, Purpose Enhanced Dividend Fund (PDIV.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose Enhanced Dividend Fund does not pass Musaffa's business and financial screening criteria.

PDIV.TO was created on 2018-01-02 by Purpose. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 102.01m in AUM and 62 holdings. The fund is an actively-managed fund of approximately 60 North American companies that the fund adviser believes to demonstrate financial and dividend strength.

Purpose Enhanced Dividend Fund (PDIV.TO) Chart

Key Statistics of Purpose Enhanced Dividend Fund (PDIV.TO)

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FAQ's for Purpose Enhanced Dividend Fund (PDIV.TO)

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