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BMO Global Consumer Discretionary Hedged to CAD Index ETF DISC.TO
DISC.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, BMO Global Consumer Discretionary Hedged to CAD Index ETF is classified as not halal.
NOT HALAL
Is BMO Global Consumer Discretionary Hedged to CAD Index ETF Halal?
Shariah Compliance Analysis of DISC.TO ETF
No. As of September 2026, BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO Global Consumer Discretionary Hedged to CAD Index ETF does not pass Musaffa's business and financial screening criteria.
DISC.TO was created on 2017-04-02 by BMO. The fund's investment portfolio concentrates primarily on consumer discretionary equity. The ETF currently has 30.17m in AUM and 272 holdings. The fund tracks a market-cap-weighted index of large- and mid-cap consumer discretionary firms in developed markets.
BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.TO) Chart
Key Statistics of BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.TO)
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-FAQ's for BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.TO)
- As of September 2026, BMO Global Consumer Discretionary Hedged to CAD Index ETF DISC.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 BMO Global Consumer Discretionary Hedged to CAD Index ETF using these criteria to determine its compliance status.
- The Shariah compliance status of BMO Global Consumer Discretionary Hedged to CAD 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 BMO Global Consumer Discretionary Hedged to CAD Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
