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NBI Canadian Family Business ETF NFAM.TO

Is NBI Canadian Family Business ETF Halal?

Shariah Compliance Analysis of NFAM.TO ETF

No. As of October 2026, NBI Canadian Family Business ETF (NFAM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

NFAM.TO was created on 2019-02-08 by NBI. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks an equal-weighted index of Canadian-listed stocks that are family owned, as determined by the National Bank of Canada. Index constituents must have a public float of at least $1 billion.

NFAM.TO Shariah Compliance

As of October 2026, NBI Canadian Family Business ETF is classified as not halal.

NOT HALAL

NBI Canadian Family Business ETF (NFAM.TO) Chart

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