As of September 2026, Alpha Dog ETF is classified as not halal.
NOT HALAL
Is Alpha Dog ETF Halal?
Shariah Compliance Analysis of RUFF ETF
US Equity Total Market
No. As of September 2026, Alpha Dog ETF (RUFF) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Alpha Dog ETF does not pass Musaffa's business and financial screening criteria.
RUFF was created on 2021-10-15 by Sphere. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 62.43m in AUM and 36 holdings. RUFF is an actively managed ETF that invests in large- and mid-cap stocks perceived as leaders in the best performing market sectors in the US.
Alpha Dog ETF (RUFF) Chart
Key Statistics of Alpha Dog ETF (RUFF)
Today's Open
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AUM
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Avg. Volume
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Expense Ratio
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P/E Ratio
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P/B Ratio
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Sector Exposure
Consumer Discretionary
23.64%
Information Technology
19.14%
Energy
15.49%
Financials
13.71%
Communication Services
11.54%
Health Care
6.05%
Industrials
4.49%
Other
3.98%
Consumer Staples
1.96%
FAQ's for Alpha Dog ETF (RUFF)
As of September 2026, Alpha Dog ETF RUFF 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 Alpha Dog ETF using these criteria to determine its compliance status.
The Shariah compliance status of Alpha Dog 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 Alpha Dog ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.