Is iShares S&P/TSX SmallCap Index ETF halal to invest in?

As of September 2026, iShares S&P/TSX SmallCap Index ETF XCS.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 iShares S&P/TSX SmallCap Index 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 iShares S&P/TSX SmallCap Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares S&P/TSX SmallCap Index ETF updated?

The Shariah compliance status of iShares S&P/TSX SmallCap Index 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 iShares S&P/TSX SmallCap Index 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 iShares S&P/TSX SmallCap Index ETF?

You can check the latest Shariah compliance status of iShares S&P/TSX SmallCap Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares S&P/TSX SmallCap Index ETF XCS.TO

XCS.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares S&P/TSX SmallCap Index ETF is classified as not halal.

NOT HALAL

Is iShares S&P/TSX SmallCap Index ETF Halal?

Shariah Compliance Analysis of XCS.TO ETF

CA Equity Small Cap

No. As of September 2026, iShares S&P/TSX SmallCap Index ETF (XCS.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares S&P/TSX SmallCap Index ETF does not pass Musaffa's business and financial screening criteria.

XCS.TO was created on 2007-05-14 by iShares. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 262.92m in AUM and 226 holdings. The fund tracks a market-cap-weighted index of small-cap Canadian equities traded on the Toronto Stock Exchange.

iShares S&P/TSX SmallCap Index ETF (XCS.TO) Chart

Key Statistics of iShares S&P/TSX SmallCap Index ETF (XCS.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for iShares S&P/TSX SmallCap Index ETF (XCS.TO)

As of September 2026, iShares S&P/TSX SmallCap Index ETF XCS.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 iShares S&P/TSX SmallCap Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares S&P/TSX SmallCap Index 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 iShares S&P/TSX SmallCap Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.