Is TBG Dividend Focus ETF halal to invest in?

As of September 2026, TBG Dividend Focus ETF TBG 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 TBG Dividend Focus 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 TBG Dividend Focus ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for TBG Dividend Focus ETF updated?

The Shariah compliance status of TBG Dividend Focus 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 TBG Dividend Focus 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 TBG Dividend Focus ETF?

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

TBG Dividend Focus ETF TBG

TBG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, TBG Dividend Focus ETF is classified as not halal.

NOT HALAL

Is TBG Dividend Focus ETF Halal?

Shariah Compliance Analysis of TBG ETF

US Equity High Dividend Yield

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

TBG was created on 2023-11-06 by Madison Avenue. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 197.06m in AUM and 38 holdings. TBG is an actively managed portfolio of dividend-paying US companies selected using fundamental analysis. The fund seeks to provide income and long-term capital appreciation.

TBG Dividend Focus ETF (TBG) Chart

Key Statistics of TBG Dividend Focus ETF (TBG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
15.79%
Consumer Staples
15.31%
Energy
14.41%
Information Technology
11.83%
Health Care
10.30%
Real Estate
6.80%
Industrials
6.66%
Other
6.53%
Communication Services
3.77%
Utilities
3.71%
Materials
3.56%
Consumer Discretionary
1.33%

FAQ's for TBG Dividend Focus ETF (TBG)

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