Is Global X Enhanced S&P/TSX 60 Index ETF Trust Units A halal to invest in?

As of October 2026, Global X Enhanced S&P/TSX 60 Index ETF Trust Units A CANL.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 Global X Enhanced S&P/TSX 60 Index ETF Trust Units A 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 Global X Enhanced S&P/TSX 60 Index ETF Trust Units A using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Enhanced S&P/TSX 60 Index ETF Trust Units A updated?

The Shariah compliance status of Global X Enhanced S&P/TSX 60 Index ETF Trust Units A may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Global X Enhanced S&P/TSX 60 Index ETF Trust Units A?

You can check the latest Shariah compliance status of Global X Enhanced S&P/TSX 60 Index ETF Trust Units A on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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Global X Enhanced S&P/TSX 60 Index ETF Trust Units A CANL.TO

Is Global X Enhanced S&P/TSX 60 Index ETF Trust Units A Halal?

Q: Can a halal ETF like Global X Enhanced S&P/TSX 60 Index ETF Trust Units A 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.

Shariah Compliance Analysis of CANL.TO ETF

No. As of October 2026, Global X Enhanced S&P/TSX 60 Index ETF Trust Units A (CANL.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

CANL.TO was created on 2023-07-06 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The fund tracks a market-cap-weighted index of 60 of the largest companies traded on the Toronto Stock Exchange. The fund is unhedged.

CANL.TO Shariah Compliance

As of October 2026, Global X Enhanced S&P/TSX 60 Index ETF Trust Units A is classified as not halal.

NOT HALAL

Global X Enhanced S&P/TSX 60 Index ETF Trust Units A (CANL.TO) Chart

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