Is iShares MSCI Multifactor Canada Index ETF halal to invest in?

As of September 2026, iShares MSCI Multifactor Canada Index ETF XFC.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 MSCI Multifactor Canada 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 MSCI Multifactor Canada Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares MSCI Multifactor Canada Index ETF updated?

The Shariah compliance status of iShares MSCI Multifactor Canada 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 MSCI Multifactor Canada 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 MSCI Multifactor Canada Index ETF?

You can check the latest Shariah compliance status of iShares MSCI Multifactor Canada Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares MSCI Multifactor Canada Index ETF XFC.TO

XFC.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares MSCI Multifactor Canada Index ETF is classified as not halal.

NOT HALAL

Is iShares MSCI Multifactor Canada Index ETF Halal?

Shariah Compliance Analysis of XFC.TO ETF

CA Equity Total Market

No. As of September 2026, iShares MSCI Multifactor Canada Index ETF (XFC.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares MSCI Multifactor Canada Index ETF does not pass Musaffa's business and financial screening criteria.

XFC.TO was created on 2015-09-22 by iShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 16.18m in AUM and 84 holdings. XFC.TO seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Canada IMI Select Diversified Multiple-Factor (CAD) Index, net of expenses.

iShares MSCI Multifactor Canada Index ETF (XFC.TO) Chart

Key Statistics of iShares MSCI Multifactor Canada Index ETF (XFC.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for iShares MSCI Multifactor Canada Index ETF (XFC.TO)

As of September 2026, iShares MSCI Multifactor Canada Index ETF XFC.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 MSCI Multifactor Canada Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares MSCI Multifactor Canada 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 MSCI Multifactor Canada Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.