Is Virtus Reaves Utilities ETF halal to invest in?

As of September 2026, Virtus Reaves Utilities ETF UTES 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 Virtus Reaves Utilities 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 Virtus Reaves Utilities ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Virtus Reaves Utilities ETF updated?

The Shariah compliance status of Virtus Reaves Utilities 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 Virtus Reaves Utilities 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 Virtus Reaves Utilities ETF?

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

Virtus Reaves Utilities ETF UTES

UTES Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Virtus Reaves Utilities ETF is classified as not halal.

NOT HALAL

Is Virtus Reaves Utilities ETF Halal?

Shariah Compliance Analysis of UTES ETF

US Equity Utilities

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

UTES was created on 2015-09-23 by Virtus. The fund's investment portfolio concentrates primarily on utilities equity. UTES is an actively managed ETF that holds US utility stocks. UTES' managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics.

Virtus Reaves Utilities ETF (UTES) Chart

Key Statistics of Virtus Reaves Utilities ETF (UTES)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Utilities
99.32%
Other
0.68%

FAQ's for Virtus Reaves Utilities ETF (UTES)

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