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

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

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

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

You can check the latest Shariah compliance status of iShares S&P/TSX Completion 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 Completion Index ETF XMD.TO

XMD.TO Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of XMD.TO ETF

CA Equity Extended Market

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

XMD.TO was created on 2001-03-02 by iShares. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 911.83m in AUM and 158 holdings. The fund tracks a market cap-weighted index of small- and mid-cap Canadian stocks.

iShares S&P/TSX Completion Index ETF (XMD.TO) Chart

Key Statistics of iShares S&P/TSX Completion Index ETF (XMD.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

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

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