Is Horizons Active Floating Rate Senior Loan ETF halal to invest in?

As of September 2026, Horizons Active Floating Rate Senior Loan ETF HSL.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 Active Floating Rate Senior Loan 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 Active Floating Rate Senior Loan ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Horizons Active Floating Rate Senior Loan ETF updated?

The Shariah compliance status of Horizons Active Floating Rate Senior Loan 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 Active Floating Rate Senior Loan 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 Active Floating Rate Senior Loan ETF?

You can check the latest Shariah compliance status of Horizons Active Floating Rate Senior Loan ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Horizons Active Floating Rate Senior Loan ETF HSL.TO

HSL.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Horizons Active Floating Rate Senior Loan ETF is classified as not halal.

NOT HALAL

Is Horizons Active Floating Rate Senior Loan ETF Halal?

Shariah Compliance Analysis of HSL.TO ETF

CA Fixed Income High Yield

No. As of September 2026, Horizons Active Floating Rate Senior Loan ETF (HSL.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Horizons Active Floating Rate Senior Loan ETF does not pass Musaffa's business and financial screening criteria.

HSL.TO was created on 2014-10-14 by Horizons. The fund's investment portfolio concentrates primarily on high yield fixed income. The fund is an actively managed fund that invests in sub-investment-grade senior secured floating-rate loans from US issuers.

Horizons Active Floating Rate Senior Loan ETF (HSL.TO) Chart

Key Statistics of Horizons Active Floating Rate Senior Loan ETF (HSL.TO)

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FAQ's for Horizons Active Floating Rate Senior Loan ETF (HSL.TO)

As of September 2026, Horizons Active Floating Rate Senior Loan ETF HSL.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 Active Floating Rate Senior Loan ETF using these criteria to determine its compliance status.
The Shariah compliance status of Horizons Active Floating Rate Senior Loan 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 Active Floating Rate Senior Loan ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.