Is ProShares Russell 2000 Dividend Growers ETF halal to invest in?

As of September 2026, ProShares Russell 2000 Dividend Growers ETF SMDV 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 ProShares Russell 2000 Dividend Growers 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 ProShares Russell 2000 Dividend Growers ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Russell 2000 Dividend Growers ETF updated?

The Shariah compliance status of ProShares Russell 2000 Dividend Growers 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 ProShares Russell 2000 Dividend Growers 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 ProShares Russell 2000 Dividend Growers ETF?

You can check the latest Shariah compliance status of ProShares Russell 2000 Dividend Growers ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Russell 2000 Dividend Growers ETF SMDV

SMDV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Russell 2000 Dividend Growers ETF is classified as not halal.

NOT HALAL

Is ProShares Russell 2000 Dividend Growers ETF Halal?

Shariah Compliance Analysis of SMDV ETF

US Equity Small Cap

No. As of September 2026, ProShares Russell 2000 Dividend Growers ETF (SMDV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Russell 2000 Dividend Growers ETF does not pass Musaffa's business and financial screening criteria.

SMDV was created on 2015-02-05 by ProShares. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 631.19m in AUM and 105 holdings. SMDV tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted.

ProShares Russell 2000 Dividend Growers ETF (SMDV) Chart

Key Statistics of ProShares Russell 2000 Dividend Growers ETF (SMDV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
33.73%
Industrials
23.19%
Utilities
18.32%
Consumer Staples
6.60%
Materials
5.44%
Real Estate
5.37%
Communication Services
2.23%
Health Care
2.13%
Information Technology
1.71%
Consumer Discretionary
0.93%
Other
0.35%

FAQ's for ProShares Russell 2000 Dividend Growers ETF (SMDV)

As of September 2026, ProShares Russell 2000 Dividend Growers ETF SMDV 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 ProShares Russell 2000 Dividend Growers ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Russell 2000 Dividend Growers 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 ProShares Russell 2000 Dividend Growers ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.