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

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

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

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

You can check the latest Shariah compliance status of ProShares Russell US 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 US Dividend Growers ETF TMDV

TMDV Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares Russell US Dividend Growers ETF Halal?

Shariah Compliance Analysis of TMDV ETF

US Equity Total Market

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

TMDV was created on 2019-11-05 by ProShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 4.28m in AUM and 66 holdings. TMDV tracks an equal-weighted index of Russell 3000 constituents that have increased dividend payments annually for at least 35 years.

ProShares Russell US Dividend Growers ETF (TMDV) Chart

Key Statistics of ProShares Russell US Dividend Growers ETF (TMDV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
22.85%
Industrials
18.27%
Utilities
15.71%
Financials
14.27%
Materials
12.94%
Health Care
6.15%
Consumer Discretionary
4.90%
Real Estate
2.99%
Energy
1.69%
Other
0.23%

FAQ's for ProShares Russell US Dividend Growers ETF (TMDV)

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