Is BetaPro S&P/TSX 60 Daily Inverse ETF halal to invest in?

As of October 2026, BetaPro S&P/TSX 60 Daily Inverse ETF CNDI.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 BetaPro S&P/TSX 60 Daily Inverse 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 BetaPro S&P/TSX 60 Daily Inverse ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BetaPro S&P/TSX 60 Daily Inverse ETF updated?

The Shariah compliance status of BetaPro S&P/TSX 60 Daily Inverse 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 BetaPro S&P/TSX 60 Daily Inverse 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 BetaPro S&P/TSX 60 Daily Inverse ETF?

You can check the latest Shariah compliance status of BetaPro S&P/TSX 60 Daily Inverse 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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BetaPro S&P/TSX 60 Daily Inverse ETF CNDI.TO

Is BetaPro S&P/TSX 60 Daily Inverse ETF Halal?

Shariah Compliance Analysis of CNDI.TO ETF

No. As of October 2026, BetaPro S&P/TSX 60 Daily Inverse ETF (CNDI.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

CNDI.TO was created on 2009-03-04 by BetaPro. The fund's investment portfolio concentrates primarily on large cap equity. The fund provides daily inverse exposure to a market-cap-weighted index of 60 large-cap companies listed on the Toronto Stock Exchange. Constituents are selected at the discretion of the index committee.

CNDI.TO Shariah Compliance

As of October 2026, BetaPro S&P/TSX 60 Daily Inverse ETF is classified as not halal.

NOT HALAL

BetaPro S&P/TSX 60 Daily Inverse ETF (CNDI.TO) Chart

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