Is Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- halal to invest in?

As of October 2026, Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- FIVE.B.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 S&P 500 CleanBeta Fund Trust Units -Unhedged- 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 S&P 500 CleanBeta Fund Trust Units -Unhedged- using these criteria to determine its compliance status.

How often is the Shariah compliance for Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- updated?

The Shariah compliance status of Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged-?

You can check the latest Shariah compliance status of Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- FIVE.B.TO

Is Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- ETF Halal?

Q: Can a halal ETF like Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- 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.

Shariah Compliance Analysis of FIVE.B.TO ETF

No. As of October 2026, Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- (FIVE.B.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FIVE.B.TO was created on 2021-05-05 by Evolve. The fund's investment portfolio concentrates primarily on large cap equity. The Evolve S&P 500 CleanBeta Fund seeks to provide long-term capital growth by replicating, net of fees and expenses, the performance of the S&P 500 Index while striving to offset the carbon footprint of the constituent securities in the portfolio.

FIVE.B.TO Shariah Compliance

As of October 2026, Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- is classified as not halal.

NOT HALAL

Evolve S&P 500 CleanBeta Fund Trust Units -Unhedged- (FIVE.B.TO) Chart

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