Is NBI Canadian Family Business ETF halal to invest in?

As of September 2026, NBI Canadian Family Business ETF NFAM.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 NBI Canadian Family Business 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 NBI Canadian Family Business ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for NBI Canadian Family Business ETF updated?

The Shariah compliance status of NBI Canadian Family Business 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 NBI Canadian Family Business 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 NBI Canadian Family Business ETF?

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

NBI Canadian Family Business ETF NFAM.TO

NFAM.TO Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is NBI Canadian Family Business ETF Halal?

Shariah Compliance Analysis of NFAM.TO ETF

CA Equity Total Market

No. As of September 2026, NBI Canadian Family Business ETF (NFAM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. NBI Canadian Family Business ETF does not pass Musaffa's business and financial screening criteria.

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.

NBI Canadian Family Business ETF (NFAM.TO) Chart

Key Statistics of NBI Canadian Family Business ETF (NFAM.TO)

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FAQ's for NBI Canadian Family Business ETF (NFAM.TO)

As of September 2026, NBI Canadian Family Business ETF NFAM.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 NBI Canadian Family Business ETF using these criteria to determine its compliance status.
The Shariah compliance status of NBI Canadian Family Business 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 NBI Canadian Family Business ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.