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Purpose Floating Rate Income Fund FLOT.U.TO

Is Purpose Floating Rate Income Fund ETF Halal?

Shariah Compliance Analysis of FLOT.U.TO ETF

No. As of October 2026, Purpose Floating Rate Income Fund (FLOT.U.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FLOT.U.TO was created on 2018-08-07 by Purpose. The fund's investment portfolio concentrates primarily on broad credit fixed income. The funds investment objectives are to generate current income and preserve capital by investing primarily in floating rate debt securities, short-term debt securities, high yield debt securities and asset-backed and mortgage-backed securities.

FLOT.U.TO Shariah Compliance

As of October 2026, Purpose Floating Rate Income Fund is classified as not halal.

NOT HALAL

Purpose Floating Rate Income Fund (FLOT.U.TO) Chart

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