Is Purpose Energy Transition Fund halal to invest in?

As of September 2026, Purpose Energy Transition Fund CLMT.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 Purpose Energy Transition Fund 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 Purpose Energy Transition Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose Energy Transition Fund updated?

The Shariah compliance status of Purpose Energy Transition Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Purpose Energy Transition Fund 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 Purpose Energy Transition Fund?

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

Purpose Energy Transition Fund CLMT.TO

CLMT.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose Energy Transition Fund is classified as not halal.

NOT HALAL

Is Purpose Energy Transition Fund ETF Halal?

Shariah Compliance Analysis of CLMT.TO ETF

CA Equity Theme

No. As of September 2026, Purpose Energy Transition Fund (CLMT.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose Energy Transition Fund does not pass Musaffa's business and financial screening criteria.

CLMT.TO was created on 2021-04-16 by Purpose. The fund's investment portfolio concentrates primarily on theme equity. CLMT.TO is actively managed to select a narrow portfolio of equity securities globally, perceived to be best positioned to benefit from policy and economics of the fight against climate change. The fund aims to provide long-term capital growth.

Purpose Energy Transition Fund (CLMT.TO) Chart

Key Statistics of Purpose Energy Transition Fund (CLMT.TO)

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FAQ's for Purpose Energy Transition Fund (CLMT.TO)

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