Is CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged 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 CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged using these criteria to determine its compliance status.

How often is the Shariah compliance for CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged updated?

The Shariah compliance status of CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged?

You can check the latest Shariah compliance status of CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged UMI.B.TO

Is CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged Halal?

Q: Can a halal ETF like CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged 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.

Shariah Compliance Analysis of UMI.B.TO ETF

No. As of October 2026, CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged (UMI.B.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

UMI.B.TO was created on 2020-08-31 by CI. The fund's investment portfolio concentrates primarily on mid cap equity. The fund tracks a dividend-selected and -weighted index of US mid-cap stocks.

UMI.B.TO Shariah Compliance

As of October 2026, CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged is classified as not halal.

NOT HALAL

CI U.S. MidCap Dividend Index ETF Trust Units Non Hedged (UMI.B.TO) Chart

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