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

As of October 2026, iShares S&P/TSX Capped Materials Index ETF XMA.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 Capped Materials 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 Capped Materials Index ETF using these criteria to determine its compliance status.

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

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

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

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iShares S&P/TSX Capped Materials Index ETF XMA.TO

Is iShares S&P/TSX Capped Materials Index ETF Halal?

Shariah Compliance Analysis of XMA.TO ETF

No. As of October 2026, iShares S&P/TSX Capped Materials Index ETF (XMA.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

XMA.TO was created on 2005-12-19 by iShares. The fund's investment portfolio concentrates primarily on materials equity. The fund tracks a market cap-weighted index of large- and mid-cap Canadian materials firms drawn from the S&P/TSX Composite.

XMA.TO Shariah Compliance

As of October 2026, iShares S&P/TSX Capped Materials Index ETF is classified as not halal.

NOT HALAL

iShares S&P/TSX Capped Materials Index ETF (XMA.TO) Chart

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