CIBC Active Investment Grade Floating Rate Bond ETF CAFR.TO
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CAFR.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, CIBC Active Investment Grade Floating Rate Bond ETF is classified as not halal.
NOT HALAL
Is CIBC Active Investment Grade Floating Rate Bond ETF Halal?
Shariah Compliance Analysis of CAFR.TO ETF
CA Fixed Income Investment Grade No. As of September 2026, CIBC Active Investment Grade Floating Rate Bond ETF (CAFR.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CIBC Active Investment Grade Floating Rate Bond ETF does not pass Musaffa's business and financial screening criteria.
CAFR.TO was created on 2019-01-16 by CIBC. The fund's investment portfolio concentrates primarily on investment grade fixed income. The fund holds an actively managed portfolio of investment-grade debt. Holdings are primarily from Canadian issuers but may be up to 30% from foreign issuers. The fund uses derivatives to hedge the interest rate risk of the portfolio.
CIBC Active Investment Grade Floating Rate Bond ETF (CAFR.TO) Chart
Key Statistics of CIBC Active Investment Grade Floating Rate Bond ETF (CAFR.TO)
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-FAQ's for CIBC Active Investment Grade Floating Rate Bond ETF (CAFR.TO)
- As of September 2026, CIBC Active Investment Grade Floating Rate Bond ETF CAFR.TO 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 CIBC Active Investment Grade Floating Rate Bond ETF using these criteria to determine its compliance status.
- The Shariah compliance status of CIBC Active Investment Grade Floating Rate Bond 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 CIBC Active Investment Grade Floating Rate Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.