Is Invesco FTSE RAFI Canadian Small-Mid Index ETF halal to invest in?

As of September 2026, Invesco FTSE RAFI Canadian Small-Mid Index ETF PZC.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 Invesco FTSE RAFI Canadian Small-Mid Index 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 Invesco FTSE RAFI Canadian Small-Mid Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Invesco FTSE RAFI Canadian Small-Mid Index ETF updated?

The Shariah compliance status of Invesco FTSE RAFI Canadian Small-Mid Index 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 Invesco FTSE RAFI Canadian Small-Mid Index 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 Invesco FTSE RAFI Canadian Small-Mid Index ETF?

You can check the latest Shariah compliance status of Invesco FTSE RAFI Canadian Small-Mid Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Invesco FTSE RAFI Canadian Small-Mid Index ETF PZC.TO

PZC.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Invesco FTSE RAFI Canadian Small-Mid Index ETF is classified as not halal.

NOT HALAL

Is Invesco FTSE RAFI Canadian Small-Mid Index ETF Halal?

Shariah Compliance Analysis of PZC.TO ETF

CA Equity Extended Market

No. As of September 2026, Invesco FTSE RAFI Canadian Small-Mid Index ETF (PZC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Invesco FTSE RAFI Canadian Small-Mid Index ETF does not pass Musaffa's business and financial screening criteria.

PZC.TO was created on 2015-03-25 by Invesco. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 3.9m in AUM and 78 holdings. PZC.TO seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE RAFI Canada Mid-Small Index, or any successor thereto. This Invesco ETF invests, directly or indirectly, primarily in Canadian equity securities of small and medium-sized companies

Invesco FTSE RAFI Canadian Small-Mid Index ETF (PZC.TO) Chart

Key Statistics of Invesco FTSE RAFI Canadian Small-Mid Index ETF (PZC.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Invesco FTSE RAFI Canadian Small-Mid Index ETF (PZC.TO)

As of September 2026, Invesco FTSE RAFI Canadian Small-Mid Index ETF PZC.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 Invesco FTSE RAFI Canadian Small-Mid Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Invesco FTSE RAFI Canadian Small-Mid Index 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 Invesco FTSE RAFI Canadian Small-Mid Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.