Is CI Galaxy Metaverse Index ETF halal to invest in?

As of September 2026, CI Galaxy Metaverse Index ETF CMVX.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 Galaxy Metaverse 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 Galaxy Metaverse Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CI Galaxy Metaverse Index ETF updated?

The Shariah compliance status of CI Galaxy Metaverse 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 Galaxy Metaverse 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 Galaxy Metaverse Index ETF?

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

CI Galaxy Metaverse Index ETF CMVX.TO

CMVX.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CI Galaxy Metaverse Index ETF is classified as not halal.

NOT HALAL

Is CI Galaxy Metaverse Index ETF Halal?

Shariah Compliance Analysis of CMVX.TO ETF

CA Equity Theme

No. As of September 2026, CI Galaxy Metaverse Index ETF (CMVX.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI Galaxy Metaverse Index ETF does not pass Musaffa's business and financial screening criteria.

CMVX.TO was created on 2022-05-03 by CI. The fund's investment portfolio concentrates primarily on theme equity. CMVX.TO tracks an index of global stocks that are materially engaged in the interaction, enablement, and connectivity to the metaverse. The fund hedges foreign currency exposure back to Canadian dollars.

CI Galaxy Metaverse Index ETF (CMVX.TO) Chart

Key Statistics of CI Galaxy Metaverse Index ETF (CMVX.TO)

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FAQ's for CI Galaxy Metaverse Index ETF (CMVX.TO)

As of September 2026, CI Galaxy Metaverse Index ETF CMVX.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 Galaxy Metaverse Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of CI Galaxy Metaverse Index 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 CI Galaxy Metaverse Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.