Is Ninepoint Suncor HighShares ETF halal to invest in?

As of September 2026, Ninepoint Suncor HighShares ETF SUHI.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 Ninepoint Suncor HighShares 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 Ninepoint Suncor HighShares ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Ninepoint Suncor HighShares ETF updated?

The Shariah compliance status of Ninepoint Suncor HighShares 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 Ninepoint Suncor HighShares 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 Ninepoint Suncor HighShares ETF?

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

Ninepoint Suncor HighShares ETF SUHI.TO

SUHI.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Ninepoint Suncor HighShares ETF is classified as not halal.

NOT HALAL

Is Ninepoint Suncor HighShares ETF Halal?

Shariah Compliance Analysis of SUHI.TO ETF

CA Equity Energy

No. As of September 2026, Ninepoint Suncor HighShares ETF (SUHI.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Ninepoint Suncor HighShares ETF does not pass Musaffa's business and financial screening criteria.

SUHI.TO was created on 2025-08-22 by Ninepoint. The fund's investment portfolio concentrates primarily on energy equity. The ETF provides single stock exposure, Suncor Energy Inc. (TSX: SU) combined with an active covered call writing strategy on up to 50% of the holdings. The fund may employ up to 25% leverage to potentially generate higher income and growth potential.

Ninepoint Suncor HighShares ETF (SUHI.TO) Chart

Key Statistics of Ninepoint Suncor HighShares ETF (SUHI.TO)

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FAQ's for Ninepoint Suncor HighShares ETF (SUHI.TO)

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