RBC Target 2029 Canadian Corporate Bond Index ETF RQR.TO
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RQR.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, RBC Target 2029 Canadian Corporate Bond Index ETF is classified as not halal.
NOT HALAL
Is RBC Target 2029 Canadian Corporate Bond Index ETF Halal?
Shariah Compliance Analysis of RQR.TO ETF
CA Fixed Income Investment Grade No. As of September 2026, RBC Target 2029 Canadian Corporate Bond Index ETF (RQR.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. RBC Target 2029 Canadian Corporate Bond Index ETF does not pass Musaffa's business and financial screening criteria.
RQR.TO was created on 2022-08-26 by RBC. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 483.74m in AUM and 52 holdings. The fund tracks a Canadian corporate bond index designed to provide income until its maturity date in September 2029. Bonds are rated investment grade.
RBC Target 2029 Canadian Corporate Bond Index ETF (RQR.TO) Chart
Key Statistics of RBC Target 2029 Canadian Corporate Bond Index ETF (RQR.TO)
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-FAQ's for RBC Target 2029 Canadian Corporate Bond Index ETF (RQR.TO)
- As of September 2026, RBC Target 2029 Canadian Corporate Bond Index ETF RQR.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 RBC Target 2029 Canadian Corporate Bond Index ETF using these criteria to determine its compliance status.
- The Shariah compliance status of RBC Target 2029 Canadian Corporate Bond 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 RBC Target 2029 Canadian Corporate Bond Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.