Is TD Q US Small Mid Cap Equity ETF Trust Units halal to invest in?

As of September 2026, TD Q US Small Mid Cap Equity ETF Trust Units TQSM.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 TD Q US Small Mid Cap Equity ETF Trust Units 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 TD Q US Small Mid Cap Equity ETF Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for TD Q US Small Mid Cap Equity ETF Trust Units updated?

The Shariah compliance status of TD Q US Small Mid Cap Equity ETF Trust Units may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like TD Q US Small Mid Cap Equity ETF Trust Units 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 TD Q US Small Mid Cap Equity ETF Trust Units?

You can check the latest Shariah compliance status of TD Q US Small Mid Cap Equity ETF Trust Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

TD Q US Small Mid Cap Equity ETF Trust Units TQSM.TO

TQSM.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, TD Q US Small Mid Cap Equity ETF Trust Units is classified as not halal.

NOT HALAL

Is TD Q US Small Mid Cap Equity ETF Trust Units Halal?

Shariah Compliance Analysis of TQSM.TO ETF

CA Equity Extended Market

No. As of September 2026, TD Q US Small Mid Cap Equity ETF Trust Units (TQSM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. TD Q US Small Mid Cap Equity ETF Trust Units does not pass Musaffa's business and financial screening criteria.

TQSM.TO was created on 2019-11-20 by TD. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 1050.35m in AUM and 291 holdings. The fund is an actively managed fund that invests in US mid- and small-cap equity securities, selected using a quantitative approach.

TD Q US Small Mid Cap Equity ETF Trust Units (TQSM.TO) Chart

Key Statistics of TD Q US Small Mid Cap Equity ETF Trust Units (TQSM.TO)

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FAQ's for TD Q US Small Mid Cap Equity ETF Trust Units (TQSM.TO)

As of September 2026, TD Q US Small Mid Cap Equity ETF Trust Units TQSM.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 TD Q US Small Mid Cap Equity ETF Trust Units using these criteria to determine its compliance status.
The Shariah compliance status of TD Q US Small Mid Cap Equity ETF 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 TD Q US Small Mid Cap Equity ETF Trust Units on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.