Is CI Invesco RAFI Global Small-Mid ETF Trust Units halal to invest in?

As of September 2026, CI Invesco RAFI Global Small-Mid ETF Trust Units PZW.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 CI Invesco RAFI Global Small-Mid ETF Trust Units 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 CI Invesco RAFI Global Small-Mid ETF Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for CI Invesco RAFI Global Small-Mid ETF Trust Units updated?

The Shariah compliance status of CI Invesco RAFI Global Small-Mid ETF Trust Units may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like CI Invesco RAFI Global Small-Mid ETF Trust Units 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 CI Invesco RAFI Global Small-Mid ETF Trust Units?

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

CI Invesco RAFI Global Small-Mid ETF Trust Units PZW.TO

PZW.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CI Invesco RAFI Global Small-Mid ETF Trust Units is classified as not halal.

NOT HALAL

Is CI Invesco RAFI Global Small-Mid ETF Trust Units Halal?

Shariah Compliance Analysis of PZW.TO ETF

CA Equity Extended Market

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

PZW.TO was created on 2015-04-20 by Invesco. The fund's investment portfolio concentrates primarily on extended market equity. The fund is a fund-of-funds that invests in global small- and mid-cap equity securities selected based on fundamental factors such as dividends, cash flow, sales, and book value.

CI Invesco RAFI Global Small-Mid ETF Trust Units (PZW.TO) Chart

Key Statistics of CI Invesco RAFI Global Small-Mid ETF Trust Units (PZW.TO)

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FAQ's for CI Invesco RAFI Global Small-Mid ETF Trust Units (PZW.TO)

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