iShares Short Term High Quality Canadian Bond Index ETF XSQ.TO
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XSQ.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, iShares Short Term High Quality Canadian Bond Index ETF is classified as not halal.
NOT HALAL
Is iShares Short Term High Quality Canadian Bond Index ETF Halal?
Shariah Compliance Analysis of XSQ.TO ETF
CA Fixed Income Investment Grade No. As of September 2026, iShares Short Term High Quality Canadian Bond Index ETF (XSQ.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares Short Term High Quality Canadian Bond Index ETF does not pass Musaffa's business and financial screening criteria.
XSQ.TO was created on 2014-07-09 by iShares. The fund's investment portfolio concentrates primarily on investment grade fixed income. The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Liquid Short Term Capped Bond Index (the Index), net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian fixed income securities.
iShares Short Term High Quality Canadian Bond Index ETF (XSQ.TO) Chart
Key Statistics of iShares Short Term High Quality Canadian Bond Index ETF (XSQ.TO)
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-FAQ's for iShares Short Term High Quality Canadian Bond Index ETF (XSQ.TO)
- As of September 2026, iShares Short Term High Quality Canadian Bond Index ETF XSQ.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 Short Term High Quality Canadian Bond Index ETF using these criteria to determine its compliance status.
- The Shariah compliance status of iShares Short Term High Quality Canadian Bond 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 Short Term High Quality Canadian Bond Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.