Is CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units 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 CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units updated?

The Shariah compliance status of CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units 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 CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units?

You can check the latest Shariah compliance status of CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Invest

Invest on your own

We do it for you

Halal tools

Screeners

Your portfolio

Link your portfolio

Calculators

Shariah

Our certifications

Certifications & oversight

Learn

Education

Get help

News

Newsroom

Pricing

Plans by product

Company

About Musaffa

Investors

Build with us

Screening API

CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units ICAE.TO

Is CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units Halal?

Q: Can a halal ETF like CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units 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 ICAE.TO ETF

No. As of October 2026, CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units (ICAE.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ICAE.TO was created on 2023-02-23 by Invesco. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks a market cap-weighted index of dividend-paying Canadian companies screened for environmental, social, and governance (ESG) criteria.

ICAE.TO Shariah Compliance

As of October 2026, CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units is classified as not halal.

NOT HALAL

CI S&P/TSX Canadian Dividend Aristocrats ESG Index ETF Trust Units (ICAE.TO) Chart

Fetching Price Chart...