Is Parnassus Value Select ETF halal to invest in?

As of September 2026, Parnassus Value Select ETF PRVS 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 Parnassus Value Select 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 Parnassus Value Select ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Parnassus Value Select ETF updated?

The Shariah compliance status of Parnassus Value Select 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 Parnassus Value Select 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 Parnassus Value Select ETF?

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

Parnassus Value Select ETF PRVS

PRVS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Parnassus Value Select ETF is classified as not halal.

NOT HALAL

Is Parnassus Value Select ETF Halal?

Shariah Compliance Analysis of PRVS ETF

US Equity Large Cap

No. As of September 2026, Parnassus Value Select ETF (PRVS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Parnassus Value Select ETF does not pass Musaffa's business and financial screening criteria.

PRVS was created on 2024-12-12 by Parnassus Investments. The fund's investment portfolio concentrates primarily on large cap equity. PRVS is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities using a value strategy. The fund focuses on undervalued companies with strong financials and sustainable business practices, aiming for capital appreciation while minimizing exposure to broader market risks

Parnassus Value Select ETF (PRVS) Chart

Key Statistics of Parnassus Value Select ETF (PRVS)

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FAQ's for Parnassus Value Select ETF (PRVS)

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