Is Purpose International Dividend Fund halal to invest in?

As of September 2026, Purpose International Dividend Fund PID.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 International 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 International Dividend Fund using these criteria to determine its compliance status.

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

The Shariah compliance status of Purpose International 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 International 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 International Dividend Fund?

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

Purpose International Dividend Fund PID.TO

PID.TO Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Purpose International Dividend Fund ETF Halal?

Shariah Compliance Analysis of PID.TO ETF

CA Equity High Dividend Yield

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

PID.TO was created on 2015-04-22 by Purpose. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 208.19m in AUM and 82 holdings. The fund is an actively managed portfolio of international equities (excluding the US and Canada) selected for strong fundamental metrics and attractive dividend yields.

Purpose International Dividend Fund (PID.TO) Chart

Key Statistics of Purpose International Dividend Fund (PID.TO)

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FAQ's for Purpose International Dividend Fund (PID.TO)

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