Is Evolve Innovation Index Fund halal to invest in?

As of September 2026, Evolve Innovation Index Fund EDGE.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 Evolve Innovation Index Fund 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 Evolve Innovation Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Evolve Innovation Index Fund updated?

The Shariah compliance status of Evolve Innovation Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Evolve Innovation Index Fund 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 Evolve Innovation Index Fund?

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

Evolve Innovation Index Fund EDGE.TO

EDGE.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Evolve Innovation Index Fund is classified as not halal.

NOT HALAL

Is Evolve Innovation Index Fund ETF Halal?

Shariah Compliance Analysis of EDGE.TO ETF

CA Equity Total Market

No. As of September 2026, Evolve Innovation Index Fund (EDGE.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Evolve Innovation Index Fund does not pass Musaffa's business and financial screening criteria.

EDGE.TO was created on 2018-04-30 by Evolve. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 33.33m in AUM and 44 holdings. The fund tracks an index of tier-weighted companies that are involved in innovative and disruptive industry trends. The index includes companies in developed markets from any sector.

Evolve Innovation Index Fund (EDGE.TO) Chart

Key Statistics of Evolve Innovation Index Fund (EDGE.TO)

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FAQ's for Evolve Innovation Index Fund (EDGE.TO)

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