Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- UDEF.B.TO
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UDEF.B.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- is classified as not halal.
NOT HALAL
Is Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- Halal?
Shariah Compliance Analysis of UDEF.B.TO ETF
CA Equity Total Market No. As of September 2026, Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- (UDEF.B.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- does not pass Musaffa's business and financial screening criteria.
UDEF.B.TO was created on 2021-11-10 by Manulife. The fund's investment portfolio concentrates primarily on total market equity. The fund is actively managed to hold a portfolio of US equities with low market sensitivity.
Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- (UDEF.B.TO) Chart
Key Statistics of Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- (UDEF.B.TO)
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-FAQ's for Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- (UDEF.B.TO)
- As of September 2026, Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- UDEF.B.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 Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- using these criteria to determine its compliance status.
- The Shariah compliance status of Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- 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 Manulife Smart US Defensive Equity ETF Trust Unit -unhedged- on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.