Is BMO Canadian Banks Accelerator ETF halal to invest in?

As of September 2026, BMO Canadian Banks Accelerator ETF ZEBA.NE 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 Canadian Banks Accelerator 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 Canadian Banks Accelerator ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Canadian Banks Accelerator ETF updated?

The Shariah compliance status of BMO Canadian Banks Accelerator 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 Canadian Banks Accelerator 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 Canadian Banks Accelerator ETF?

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

BMO Canadian Banks Accelerator ETF ZEBA.NE

ZEBA.NE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Canadian Banks Accelerator ETF is classified as not halal.

NOT HALAL

Is BMO Canadian Banks Accelerator ETF Halal?

Shariah Compliance Analysis of ZEBA.NE ETF

CA Equity Financials

No. As of September 2026, BMO Canadian Banks Accelerator ETF (ZEBA.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO Canadian Banks Accelerator ETF does not pass Musaffa's business and financial screening criteria.

ZEBA.NE was created on 2023-10-02 by BMO. The fund's investment portfolio concentrates primarily on financials equity. ZEBA.NE.CA aims to provide 2x the upside return of an equally-weighted index of Canadian banks. This ETF is unhedged and trades in CAD.

BMO Canadian Banks Accelerator ETF (ZEBA.NE) Chart

Key Statistics of BMO Canadian Banks Accelerator ETF (ZEBA.NE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for BMO Canadian Banks Accelerator ETF (ZEBA.NE)

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