Is RiverFront Dynamic US Dividend Advantage ETF halal to invest in?

As of September 2026, RiverFront Dynamic US Dividend Advantage ETF RFDA 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 RiverFront Dynamic US Dividend Advantage 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 RiverFront Dynamic US Dividend Advantage ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for RiverFront Dynamic US Dividend Advantage ETF updated?

The Shariah compliance status of RiverFront Dynamic US Dividend Advantage 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 RiverFront Dynamic US Dividend Advantage 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 RiverFront Dynamic US Dividend Advantage ETF?

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

RiverFront Dynamic US Dividend Advantage ETF RFDA

RFDA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, RiverFront Dynamic US Dividend Advantage ETF is classified as not halal.

NOT HALAL

Is RiverFront Dynamic US Dividend Advantage ETF Halal?

Shariah Compliance Analysis of RFDA ETF

US Equity Total Market

No. As of September 2026, RiverFront Dynamic US Dividend Advantage ETF (RFDA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. RiverFront Dynamic US Dividend Advantage ETF does not pass Musaffa's business and financial screening criteria.

RFDA was created on 2016-06-06 by RiverFront. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 85.17m in AUM and 74 holdings. RFDA is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors.

RiverFront Dynamic US Dividend Advantage ETF (RFDA) Chart

Key Statistics of RiverFront Dynamic US Dividend Advantage ETF (RFDA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
31.55%
Financials
17.72%
Consumer Discretionary
11.51%
Energy
8.05%
Real Estate
7.37%
Industrials
6.52%
Consumer Staples
5.26%
Other
4.61%
Health Care
2.08%
Utilities
2.07%
Materials
1.93%
Communication Services
1.33%

FAQ's for RiverFront Dynamic US Dividend Advantage ETF (RFDA)

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