Is Mackenzie GQE International Equity ETF halal to invest in?

As of September 2026, Mackenzie GQE International Equity ETF MIQE.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 Mackenzie GQE International Equity 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 Mackenzie GQE International Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Mackenzie GQE International Equity ETF updated?

The Shariah compliance status of Mackenzie GQE International Equity 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 Mackenzie GQE International Equity 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 Mackenzie GQE International Equity ETF?

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

Mackenzie GQE International Equity ETF MIQE.TO

MIQE.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Mackenzie GQE International Equity ETF is classified as not halal.

NOT HALAL

Is Mackenzie GQE International Equity ETF Halal?

Shariah Compliance Analysis of MIQE.TO ETF

CA Equity Total Market

No. As of September 2026, Mackenzie GQE International Equity ETF (MIQE.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mackenzie GQE International Equity ETF does not pass Musaffa's business and financial screening criteria.

MIQE.TO was created on 2024-09-10 by Mackenzie. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1777.89m in AUM and 112 holdings. MIQE.TO is actively managed, investing in mid- and large-cap stocks from developed countries, outside the US and Canada. The fund aims for long-term capital appreciation, integrating ESG criteria into its stock selection for balanced risk and returns.

Mackenzie GQE International Equity ETF (MIQE.TO) Chart

Key Statistics of Mackenzie GQE International Equity ETF (MIQE.TO)

Today's Open

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FAQ's for Mackenzie GQE International Equity ETF (MIQE.TO)

As of September 2026, Mackenzie GQE International Equity ETF MIQE.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 Mackenzie GQE International Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of Mackenzie GQE International Equity 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 Mackenzie GQE International Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.