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Evolve Canadian Utilities Enhanced Yield Index Fund UTES.TO

Is Evolve Canadian Utilities Enhanced Yield Index Fund ETF Halal?

Shariah Compliance Analysis of UTES.TO ETF

No. As of October 2026, Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

UTES.TO was created on 2024-09-03 by Evolve. The fund's investment portfolio concentrates primarily on utilities equity. The fund provides 1.25x leveraged exposure to an equal-weighted index of Canadian companies in the utility, pipeline, and telecommunication sectors. The fund writes covered call options on up to 33% of the portfolio.

UTES.TO Shariah Compliance

As of October 2026, Evolve Canadian Utilities Enhanced Yield Index Fund is classified as not halal.

NOT HALAL

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) Chart

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