Is CI US Money Market ETF Trust Units Series ETF halal to invest in?

As of September 2026, CI US Money Market ETF Trust Units Series ETF UMNY.U.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 CI US Money Market ETF Trust Units Series 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 CI US Money Market ETF Trust Units Series ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for CI US Money Market ETF Trust Units Series ETF updated?

The Shariah compliance status of CI US Money Market ETF Trust Units Series 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 CI US Money Market ETF Trust Units Series 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 CI US Money Market ETF Trust Units Series ETF?

You can check the latest Shariah compliance status of CI US Money Market ETF Trust Units Series ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

CI US Money Market ETF Trust Units Series ETF UMNY.U.TO

UMNY.U.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, CI US Money Market ETF Trust Units Series ETF is classified as not halal.

NOT HALAL

Is CI US Money Market ETF Trust Units Series ETF Halal?

Shariah Compliance Analysis of UMNY.U.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, CI US Money Market ETF Trust Units Series ETF (UMNY.U.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. CI US Money Market ETF Trust Units Series ETF does not pass Musaffa's business and financial screening criteria.

UMNY.U.TO was created on 2023-07-21 by CI. The fund's investment portfolio concentrates primarily on broad credit fixed income. UMNY.U is an actively managed portfolio of US money market instruments with less than 1 year to maturity.

CI US Money Market ETF Trust Units Series ETF (UMNY.U.TO) Chart

Key Statistics of CI US Money Market ETF Trust Units Series ETF (UMNY.U.TO)

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FAQ's for CI US Money Market ETF Trust Units Series ETF (UMNY.U.TO)

As of September 2026, CI US Money Market ETF Trust Units Series ETF UMNY.U.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 US Money Market ETF Trust Units Series ETF using these criteria to determine its compliance status.
The Shariah compliance status of CI US Money Market ETF Trust Units Series 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 CI US Money Market ETF Trust Units Series ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.