Hamilton Australian Bank Equal-Weight Index ETF HBA.TO
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HBA.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Hamilton Australian Bank Equal-Weight Index ETF is classified as not halal.
NOT HALAL
Is Hamilton Australian Bank Equal-Weight Index ETF Halal?
Shariah Compliance Analysis of HBA.TO ETF
CA Equity Financials No. As of September 2026, Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Hamilton Australian Bank Equal-Weight Index ETF does not pass Musaffa's business and financial screening criteria.
HBA.TO was created on 2020-06-26 by Hamilton. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 131.14m in AUM and 6 holdings. The fund is passively managed to track the performance of an equal weighting of Australia's top five banks.
Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) Chart
Key Statistics of Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO)
Today's Open
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-Avg. Volume
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-FAQ's for Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO)
- As of September 2026, Hamilton Australian Bank Equal-Weight Index ETF HBA.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 Hamilton Australian Bank Equal-Weight Index ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Hamilton Australian Bank Equal-Weight Index 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 Hamilton Australian Bank Equal-Weight Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.