Is CI Canadian Short-Term Aggregate Bond Index ETF halal to invest in?

As of October 2026, CI Canadian Short-Term Aggregate Bond Index ETF CAGS.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.

Is CI Canadian Short-Term Aggregate Bond Index 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 CI Canadian Short-Term Aggregate Bond Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CI Canadian Short-Term Aggregate Bond Index ETF updated?

The Shariah compliance status of CI Canadian Short-Term Aggregate Bond Index 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 CI Canadian Short-Term Aggregate Bond Index 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 CI Canadian Short-Term Aggregate Bond Index ETF?

You can check the latest Shariah compliance status of CI Canadian Short-Term Aggregate Bond Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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CI Canadian Short-Term Aggregate Bond Index ETF CAGS.TO

Is CI Canadian Short-Term Aggregate Bond Index ETF Halal?

Shariah Compliance Analysis of CAGS.TO ETF

No. As of October 2026, CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

CAGS.TO was created on 2017-06-22 by CI. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 16.71m in AUM and 459 holdings. The fund tracks an index of investment-grade Canadian bonds with less than 5 years to maturity. The index uses 8 subcomponents which are reweighted to achieve higher yield-to-worst.

CAGS.TO Shariah Compliance

As of October 2026, CI Canadian Short-Term Aggregate Bond Index ETF is classified as not halal.

NOT HALAL

CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) Chart

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