Is CI Floating Rate Income Fund ETF CAD halal to invest in?

As of September 2026, CI Floating Rate Income Fund ETF CAD CFRT.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 Floating Rate Income Fund ETF CAD 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 Floating Rate Income Fund ETF CAD using these criteria to determine its compliance status.

How often is the Shariah compliance for CI Floating Rate Income Fund ETF CAD updated?

The Shariah compliance status of CI Floating Rate Income Fund ETF CAD 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 Floating Rate Income Fund ETF CAD 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 Floating Rate Income Fund ETF CAD?

You can check the latest Shariah compliance status of CI Floating Rate Income Fund ETF CAD on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

CI Floating Rate Income Fund ETF CAD CFRT.TO

CFRT.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CI Floating Rate Income Fund ETF CAD is classified as not halal.

NOT HALAL

Is CI Floating Rate Income Fund ETF CAD Halal?

Shariah Compliance Analysis of CFRT.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, CI Floating Rate Income Fund ETF CAD (CFRT.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI Floating Rate Income Fund ETF CAD does not pass Musaffa's business and financial screening criteria.

CFRT.TO was created on 2022-04-19 by CI. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 4.65m in AUM and 35 holdings. The fund focuses on floating rate debt instruments from anywhere in the world but can still actively invest in various bonds of any credit quality or maturity.

CI Floating Rate Income Fund ETF CAD (CFRT.TO) Chart

Key Statistics of CI Floating Rate Income Fund ETF CAD (CFRT.TO)

Today's Open

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Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for CI Floating Rate Income Fund ETF CAD (CFRT.TO)

As of September 2026, CI Floating Rate Income Fund ETF CAD CFRT.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 CI Floating Rate Income Fund ETF CAD using these criteria to determine its compliance status.
The Shariah compliance status of CI Floating Rate Income Fund ETF CAD 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 CI Floating Rate Income Fund ETF CAD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.