Desjardins Canadian Equity Index ETF Trust Units -Unhedged- DMEC.TO
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DMEC.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Desjardins Canadian Equity Index ETF Trust Units -Unhedged- is classified as not halal.
NOT HALAL
Is Desjardins Canadian Equity Index ETF Trust Units -Unhedged- Halal?
Shariah Compliance Analysis of DMEC.TO ETF
CA Equity Total Market No. As of September 2026, Desjardins Canadian Equity Index ETF Trust Units -Unhedged- (DMEC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Desjardins Canadian Equity Index ETF Trust Units -Unhedged- does not pass Musaffa's business and financial screening criteria.
DMEC.TO was created on 2024-04-18 by Desjardins. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 2390.99m in AUM and 335 holdings. The fund tracks a market cap-weighted index of large- and mid-sized companies in Canada.
Desjardins Canadian Equity Index ETF Trust Units -Unhedged- (DMEC.TO) Chart
Key Statistics of Desjardins Canadian Equity Index ETF Trust Units -Unhedged- (DMEC.TO)
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-FAQ's for Desjardins Canadian Equity Index ETF Trust Units -Unhedged- (DMEC.TO)
- As of September 2026, Desjardins Canadian Equity Index ETF Trust Units -Unhedged- DMEC.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 Desjardins Canadian Equity Index ETF Trust Units -Unhedged- using these criteria to determine its compliance status.
- The Shariah compliance status of Desjardins Canadian Equity Index ETF Trust Units -Unhedged- 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 Desjardins Canadian Equity Index ETF Trust Units -Unhedged- on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.