Is Mackenzie GQE World Low Volatility ETF halal to invest in?

As of September 2026, Mackenzie GQE World Low Volatility ETF MWLV.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 World Low Volatility 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 World Low Volatility ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Mackenzie GQE World Low Volatility ETF updated?

The Shariah compliance status of Mackenzie GQE World Low Volatility 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 World Low Volatility 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 World Low Volatility ETF?

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

Mackenzie GQE World Low Volatility ETF MWLV.TO

MWLV.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Mackenzie GQE World Low Volatility ETF is classified as not halal.

NOT HALAL

Is Mackenzie GQE World Low Volatility ETF Halal?

Shariah Compliance Analysis of MWLV.TO ETF

CA Equity Total Market

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

MWLV.TO was created on 2024-02-20 by Mackenzie. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 440.57m in AUM and 284 holdings. The fund is actively managed to invest in large- and mid-cap stocks from developed markets, while aiming for lower volatility.

Mackenzie GQE World Low Volatility ETF (MWLV.TO) Chart

Key Statistics of Mackenzie GQE World Low Volatility ETF (MWLV.TO)

Today's Open

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FAQ's for Mackenzie GQE World Low Volatility ETF (MWLV.TO)

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