Is iShares MSCI Canada ETF halal to invest in?

As of September 2026, iShares MSCI Canada ETF EWC 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 MSCI Canada 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 MSCI Canada ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares MSCI Canada ETF updated?

The Shariah compliance status of iShares MSCI Canada 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 MSCI Canada 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 MSCI Canada ETF?

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

iShares MSCI Canada ETF EWC

EWC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares MSCI Canada ETF is classified as not halal.

NOT HALAL

Is iShares MSCI Canada ETF Halal?

Shariah Compliance Analysis of EWC ETF

US Equity Total Market

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

EWC was created on 1996-03-12 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 3844.22m in AUM and 84 holdings. EWC tracks a market cap-weighted index of Canadian stocks. It captures 85% of the publicly available market, excluding all small-caps.

iShares MSCI Canada ETF (EWC) Chart

Key Statistics of iShares MSCI Canada ETF (EWC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
37.19%
Energy
18.05%
Industrials
11.81%
Materials
10.89%
Information Technology
9.40%
Consumer Staples
4.37%
Consumer Discretionary
3.58%
Utilities
2.63%
Communication Services
1.22%
Real Estate
0.47%
Other
0.39%

FAQ's for iShares MSCI Canada ETF (EWC)

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