Is CI S&P/TSX Composite ESG Index ETF Trust Units halal to invest in?

As of October 2026, CI S&P/TSX Composite ESG Index ETF Trust Units ESGC.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 CI S&P/TSX Composite ESG Index ETF Trust Units 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 CI S&P/TSX Composite ESG Index ETF Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for CI S&P/TSX Composite ESG Index ETF Trust Units updated?

The Shariah compliance status of CI S&P/TSX Composite ESG Index ETF Trust Units may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like CI S&P/TSX Composite ESG Index ETF Trust Units 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 CI S&P/TSX Composite ESG Index ETF Trust Units?

You can check the latest Shariah compliance status of CI S&P/TSX Composite ESG Index ETF Trust Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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CI S&P/TSX Composite ESG Index ETF Trust Units ESGC.TO

Is CI S&P/TSX Composite ESG Index ETF Trust Units Halal?

Shariah Compliance Analysis of ESGC.TO ETF

No. As of October 2026, CI S&P/TSX Composite ESG Index ETF Trust Units (ESGC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ESGC.TO was created on 2020-09-29 by Invesco. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks a market-cap-weighted index of Canadian stocks screened for various environmental, social, and governance factors.

ESGC.TO Shariah Compliance

As of October 2026, CI S&P/TSX Composite ESG Index ETF Trust Units is classified as not halal.

NOT HALAL

CI S&P/TSX Composite ESG Index ETF Trust Units (ESGC.TO) Chart

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