Is IA Clarington Loomis Floating Rate Income Fund halal to invest in?

As of October 2026, IA Clarington Loomis Floating Rate Income Fund IFRF.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 IA Clarington Loomis Floating Rate Income Fund 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 IA Clarington Loomis Floating Rate Income Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for IA Clarington Loomis Floating Rate Income Fund updated?

The Shariah compliance status of IA Clarington Loomis Floating Rate Income Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like IA Clarington Loomis Floating Rate Income Fund 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 IA Clarington Loomis Floating Rate Income Fund?

You can check the latest Shariah compliance status of IA Clarington Loomis Floating Rate Income Fund on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

IA Clarington Loomis Floating Rate Income Fund IFRF.TO

Is IA Clarington Loomis Floating Rate Income Fund ETF Halal?

Shariah Compliance Analysis of IFRF.TO ETF

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

IFRF.TO was created on 2019-11-04 by iA Clarington. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 1.95m in AUM and 144 holdings. The fund is actively managed to provide unitholders with a stream of current monthly income by investing primarily in senior floating rate loans, other floating rate securities and non-investment grade debt obligations from North American and global corporate issuers.

IFRF.TO Shariah Compliance

As of October 2026, IA Clarington Loomis Floating Rate Income Fund is classified as not halal.

NOT HALAL

IA Clarington Loomis Floating Rate Income Fund (IFRF.TO) Chart

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