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SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units SBCM.NE
SBCM.NE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units is classified as not halal.
NOT HALAL
Is SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units Halal?
Shariah Compliance Analysis of SBCM.NE ETF
No. As of September 2026, SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units (SBCM.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units does not pass Musaffa's business and financial screening criteria.
SBCM.NE was created on 2021-01-27 by SmartBe. The fund's investment portfolio concentrates primarily on total market equity. Canadian Momentum ETF seeks to replicate, to the extent possible and before fees and expenses, the performance of the Alpha Architect Canadian Quantitative Momentum Index (SBCM.NE Index), or any successor thereto It invests primarily in Canadian equity securities.
SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units (SBCM.NE) Chart
Key Statistics of SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units (SBCM.NE)
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-FAQ's for SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units (SBCM.NE)
- As of September 2026, SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units SBCM.NE 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 SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units using these criteria to determine its compliance status.
- The Shariah compliance status of SmartBe Canadian Quantitative Momentum Index ETF Series L 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 SmartBe Canadian Quantitative Momentum Index ETF Series L Trust Units on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
