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CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD IUMF.TO
IUMF.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD is classified as not halal.
NOT HALAL
Is CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD Halal?
Shariah Compliance Analysis of IUMF.TO ETF
No. As of September 2026, CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD (IUMF.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD does not pass Musaffa's business and financial screening criteria.
IUMF.TO was created on 2023-07-13 by Invesco. The fund's investment portfolio concentrates primarily on large cap equity. IUMF.TO tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions.
CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD (IUMF.TO) Chart
Key Statistics of CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD (IUMF.TO)
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-FAQ's for CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD (IUMF.TO)
- As of September 2026, CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD IUMF.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 CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD using these criteria to determine its compliance status.
- The Shariah compliance status of CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD 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 CI Invesco Russell 1000 Multifactor Index ETF Trust Units CAD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
