Is Purpose International Enhanced Equity Income Fund halal to invest in?

As of September 2026, Purpose International Enhanced Equity Income Fund PHW.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 Purpose International Enhanced Equity Income Fund 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 Purpose International Enhanced Equity Income Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Purpose International Enhanced Equity Income Fund updated?

The Shariah compliance status of Purpose International Enhanced Equity Income Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Purpose International Enhanced Equity Income Fund?

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

Purpose International Enhanced Equity Income Fund PHW.TO

PHW.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Purpose International Enhanced Equity Income Fund is classified as not halal.

NOT HALAL

Is Purpose International Enhanced Equity Income Fund ETF Halal?

Shariah Compliance Analysis of PHW.TO ETF

CA Equity Total Market

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

PHW.TO was created on 2015-04-16 by Purpose. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 2.09m in AUM and 103 holdings. The fund is an actively-managed fund of Developed Ex-North American companies selected based on a multi-factor screen. The fund may also hedge its portfolio to reduce overall market risk.

Purpose International Enhanced Equity Income Fund (PHW.TO) Chart

Key Statistics of Purpose International Enhanced Equity Income Fund (PHW.TO)

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FAQ's for Purpose International Enhanced Equity Income Fund (PHW.TO)

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