Is iShares Canadian Fundamental Index ETF halal to invest in?

As of September 2026, iShares Canadian Fundamental Index ETF CRQ.NE 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 iShares Canadian Fundamental 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 iShares Canadian Fundamental Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares Canadian Fundamental Index ETF updated?

The Shariah compliance status of iShares Canadian Fundamental 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 iShares Canadian Fundamental 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 iShares Canadian Fundamental Index ETF?

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

iShares Canadian Fundamental Index ETF CRQ.NE

CRQ.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares Canadian Fundamental Index ETF is classified as not halal.

NOT HALAL

Is iShares Canadian Fundamental Index ETF Halal?

Shariah Compliance Analysis of CRQ.NE ETF

CA Equity Total Market

No. As of September 2026, iShares Canadian Fundamental Index ETF (CRQ.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Canadian Fundamental Index ETF does not pass Musaffa's business and financial screening criteria.

CRQ.NE was created on 2006-02-22 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 151.27m in AUM and 101 holdings. The fund tracks an index of Canadian securities, selected and weighted based on four fundamental factors: dividends, cash flow, sales, and book value.

iShares Canadian Fundamental Index ETF (CRQ.NE) Chart

Key Statistics of iShares Canadian Fundamental Index ETF (CRQ.NE)

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Avg. Volume

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FAQ's for iShares Canadian Fundamental Index ETF (CRQ.NE)

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