Is Horizons Pipelines & Energy Services Index ETF halal to invest in?

As of September 2026, Horizons Pipelines & Energy Services Index ETF HOG.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 Horizons Pipelines & Energy Services Index 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 Horizons Pipelines & Energy Services Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Horizons Pipelines & Energy Services Index ETF updated?

The Shariah compliance status of Horizons Pipelines & Energy Services Index 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 Horizons Pipelines & Energy Services Index 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 Horizons Pipelines & Energy Services Index ETF?

You can check the latest Shariah compliance status of Horizons Pipelines & Energy Services Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Horizons Pipelines & Energy Services Index ETF HOG.TO

HOG.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Horizons Pipelines & Energy Services Index ETF is classified as not halal.

NOT HALAL

Is Horizons Pipelines & Energy Services Index ETF Halal?

Shariah Compliance Analysis of HOG.TO ETF

CA Equity Energy

No. As of September 2026, Horizons Pipelines & Energy Services Index ETF (HOG.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Horizons Pipelines & Energy Services Index ETF does not pass Musaffa's business and financial screening criteria.

HOG.TO was created on 2014-07-14 by Horizons. The fund's investment portfolio concentrates primarily on energy equity. The ETF currently has 33.3m in AUM and 12 holdings. The fund tracks an equally weighted index of companies listed on the TSX, with significant business operations in the Canadian midstream energy industry.

Horizons Pipelines & Energy Services Index ETF (HOG.TO) Chart

Key Statistics of Horizons Pipelines & Energy Services Index ETF (HOG.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Horizons Pipelines & Energy Services Index ETF (HOG.TO)

As of September 2026, Horizons Pipelines & Energy Services Index ETF HOG.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 Horizons Pipelines & Energy Services Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Horizons Pipelines & Energy Services 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 Horizons Pipelines & Energy Services Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.