Is Purpose Global Bond Class halal to invest in?

As of September 2026, Purpose Global Bond Class IGB.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 Purpose Global Bond Class 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 Purpose Global Bond Class using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose Global Bond Class updated?

The Shariah compliance status of Purpose Global Bond Class may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Purpose Global Bond Class 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 Purpose Global Bond Class?

You can check the latest Shariah compliance status of Purpose Global Bond Class on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Purpose Global Bond Class IGB.TO

IGB.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose Global Bond Class is classified as not halal.

NOT HALAL

Is Purpose Global Bond Class ETF Halal?

Shariah Compliance Analysis of IGB.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, Purpose Global Bond Class (IGB.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Purpose Global Bond Class does not pass Musaffa's business and financial screening criteria.

IGB.TO was created on 2018-06-21 by Purpose. The fund's investment portfolio concentrates primarily on broad credit fixed income. The fund is an actively managed portfolio that has the ability to invest in a broad range of investment-grade fixed income securities of any geography. Up to 20% may be invested in high-yield issues.

Purpose Global Bond Class (IGB.TO) Chart

Key Statistics of Purpose Global Bond Class (IGB.TO)

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FAQ's for Purpose Global Bond Class (IGB.TO)

As of September 2026, Purpose Global Bond Class IGB.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 Purpose Global Bond Class using these criteria to determine its compliance status.
The Shariah compliance status of Purpose Global Bond Class 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 Purpose Global Bond Class on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.