Is Mackenzie Canadian Equity Index ETF halal to invest in?

As of September 2026, Mackenzie Canadian Equity Index ETF QCN.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 Mackenzie Canadian Equity 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 Mackenzie Canadian Equity Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Mackenzie Canadian Equity Index ETF updated?

The Shariah compliance status of Mackenzie Canadian Equity 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 Mackenzie Canadian Equity 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 Mackenzie Canadian Equity Index ETF?

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

Mackenzie Canadian Equity Index ETF QCN.TO

QCN.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Mackenzie Canadian Equity Index ETF is classified as not halal.

NOT HALAL

Is Mackenzie Canadian Equity Index ETF Halal?

Shariah Compliance Analysis of QCN.TO ETF

CA Equity Total Market

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

QCN.TO was created on 2018-01-24 by Mackenzie. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 6276.25m in AUM and 327 holdings. The fund tracks a cap-weighted index that measures the investable large- and mid-cap Canadian equities market.

Mackenzie Canadian Equity Index ETF (QCN.TO) Chart

Key Statistics of Mackenzie Canadian Equity Index ETF (QCN.TO)

Today's Open

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FAQ's for Mackenzie Canadian Equity Index ETF (QCN.TO)

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