Is BMO US Dividend ETF halal to invest in?

As of September 2026, BMO US Dividend ETF ZDY.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 BMO US Dividend 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 BMO US Dividend ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO US Dividend ETF updated?

The Shariah compliance status of BMO US Dividend 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 BMO US Dividend 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 BMO US Dividend ETF?

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

BMO US Dividend ETF ZDY.TO

ZDY.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO US Dividend ETF is classified as not halal.

NOT HALAL

Is BMO US Dividend ETF Halal?

Shariah Compliance Analysis of ZDY.TO ETF

CA Equity High Dividend Yield

No. As of September 2026, BMO US Dividend ETF (ZDY.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO US Dividend ETF does not pass Musaffa's business and financial screening criteria.

ZDY.TO was created on 2013-03-19 by BMO. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 896.64m in AUM and 100 holdings. The fund holds an actively managed portfolio of dividend-paying US stocks. Holdings are selected by dividend yield, growth, and quality and weighted by dividend yield.

BMO US Dividend ETF (ZDY.TO) Chart

Key Statistics of BMO US Dividend ETF (ZDY.TO)

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FAQ's for BMO US Dividend ETF (ZDY.TO)

As of September 2026, BMO US Dividend ETF ZDY.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 BMO US Dividend ETF using these criteria to determine its compliance status.
The Shariah compliance status of BMO US Dividend 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 BMO US Dividend ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.