Is CI Morningstar National Bank Quebec Index ETF halal to invest in?

As of September 2026, CI Morningstar National Bank Quebec Index ETF QXM.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 Morningstar National Bank Quebec 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 CI Morningstar National Bank Quebec Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CI Morningstar National Bank Quebec Index ETF updated?

The Shariah compliance status of CI Morningstar National Bank Quebec 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 CI Morningstar National Bank Quebec 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 CI Morningstar National Bank Quebec Index ETF?

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

CI Morningstar National Bank Quebec Index ETF QXM.TO

QXM.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CI Morningstar National Bank Quebec Index ETF is classified as not halal.

NOT HALAL

Is CI Morningstar National Bank Quebec Index ETF Halal?

Shariah Compliance Analysis of QXM.TO ETF

CA Equity Total Market

No. As of September 2026, CI Morningstar National Bank Quebec Index ETF (QXM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI Morningstar National Bank Quebec Index ETF does not pass Musaffa's business and financial screening criteria.

QXM.TO was created on 2012-02-02 by CI. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 93.95m in AUM and 51 holdings. The fund tracks a concentrated, market-cap-weighted index of Canadian firms headquartered in Qubec.

CI Morningstar National Bank Quebec Index ETF (QXM.TO) Chart

Key Statistics of CI Morningstar National Bank Quebec Index ETF (QXM.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for CI Morningstar National Bank Quebec Index ETF (QXM.TO)

As of September 2026, CI Morningstar National Bank Quebec Index ETF QXM.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 Morningstar National Bank Quebec Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of CI Morningstar National Bank Quebec 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 CI Morningstar National Bank Quebec Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.