CI U.S. MidCap Dividend Index ETF Trust Units Hedged UMI.TO
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UMI.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, CI U.S. MidCap Dividend Index ETF Trust Units Hedged is classified as not halal.
NOT HALAL
Is CI U.S. MidCap Dividend Index ETF Trust Units Hedged Halal?
Shariah Compliance Analysis of UMI.TO ETF
CA Equity Mid Cap No. As of September 2026, CI U.S. MidCap Dividend Index ETF Trust Units Hedged (UMI.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI U.S. MidCap Dividend Index ETF Trust Units Hedged does not pass Musaffa's business and financial screening criteria.
UMI.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.
CI U.S. MidCap Dividend Index ETF Trust Units Hedged (UMI.TO) Chart
Key Statistics of CI U.S. MidCap Dividend Index ETF Trust Units Hedged (UMI.TO)
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-FAQ's for CI U.S. MidCap Dividend Index ETF Trust Units Hedged (UMI.TO)
- As of September 2026, CI U.S. MidCap Dividend Index ETF Trust Units Hedged UMI.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 CI U.S. MidCap Dividend Index ETF Trust Units Hedged using these criteria to determine its compliance status.
- The Shariah compliance status of CI U.S. MidCap Dividend Index ETF Trust Units Hedged 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 CI U.S. MidCap Dividend Index ETF Trust Units Hedged on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.