Invesco Dorsey Wright Developed Markets Momentum ETF PIZ
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PIZ Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Invesco Dorsey Wright Developed Markets Momentum ETF is classified as not halal.
NOT HALAL
Is Invesco Dorsey Wright Developed Markets Momentum ETF Halal?
Shariah Compliance Analysis of PIZ ETF
US Equity Total Market No. As of September 2026, Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Invesco Dorsey Wright Developed Markets Momentum ETF does not pass Musaffa's business and financial screening criteria.
PIZ was created on 2007-12-28 by Invesco. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 528.96m in AUM and 101 holdings. PIZ tracks an index of stocks in developed markets outside the U.S. that exhibit high relative strength characteristics.
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) Chart
Key Statistics of Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Industrials33.73%
- Financials27.18%
- Information Technology10.42%
- Consumer Discretionary9.58%
- Health Care9.07%
- Communication Services3.98%
- Materials1.93%
- Utilities1.80%
- Consumer Staples1.07%
- Energy0.96%
- Other0.28%
FAQ's for Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ)
- As of September 2026, Invesco Dorsey Wright Developed Markets Momentum ETF PIZ 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 Invesco Dorsey Wright Developed Markets Momentum ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Invesco Dorsey Wright Developed Markets Momentum 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 Invesco Dorsey Wright Developed Markets Momentum ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.