Purpose US Dividend Fund - ETF Non-Currency Hedged Units PUD.B.TO
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PUD.B.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Purpose US Dividend Fund - ETF Non-Currency Hedged Units is classified as not halal.
NOT HALAL
Is Purpose US Dividend Fund - ETF Non-Currency Hedged Units Halal?
Shariah Compliance Analysis of PUD.B.TO ETF
CA Equity Total Market No. As of September 2026, Purpose US Dividend Fund - ETF Non-Currency Hedged Units (PUD.B.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose US Dividend Fund - ETF Non-Currency Hedged Units does not pass Musaffa's business and financial screening criteria.
PUD.B.TO was created on 2014-11-24 by Purpose. The fund's investment portfolio concentrates primarily on total market equity. The fund seeks to provide unitholders with (i) long-term capital appreciation through investment in a portfolio of high quality U.S. listed dividend-paying equity securities, and (ii) monthly distributions.
Purpose US Dividend Fund - ETF Non-Currency Hedged Units (PUD.B.TO) Chart
Key Statistics of Purpose US Dividend Fund - ETF Non-Currency Hedged Units (PUD.B.TO)
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-FAQ's for Purpose US Dividend Fund - ETF Non-Currency Hedged Units (PUD.B.TO)
- As of September 2026, Purpose US Dividend Fund - ETF Non-Currency Hedged Units PUD.B.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 US Dividend Fund - ETF Non-Currency Hedged Units using these criteria to determine its compliance status.
- The Shariah compliance status of Purpose US Dividend Fund - ETF Non-Currency Hedged Units 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 US Dividend Fund - ETF Non-Currency Hedged Units on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.