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BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit ZIQ.TO
ZIQ.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit is classified as not halal.
NOT HALAL
Is BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit Halal?
Shariah Compliance Analysis of ZIQ.TO ETF
No. As of September 2026, BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit (ZIQ.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit does not pass Musaffa's business and financial screening criteria.
ZIQ.TO was created on 2024-10-23 by BMO. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 50.81m in AUM and 226 holdings. The fund tracks an index of large- and mid-cap companies from developed markets outside North America that are considered to be high quality growth stocks. Holdings are selected and weighted based on three fundamental factors.
BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit (ZIQ.TO) Chart
Key Statistics of BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit (ZIQ.TO)
Today's Open
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-FAQ's for BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit (ZIQ.TO)
- As of September 2026, BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit ZIQ.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 MSCI EAFE High Quality Index ETF CAD Units Trust Unit using these criteria to determine its compliance status.
- The Shariah compliance status of BMO MSCI EAFE High Quality Index ETF CAD Units Trust Unit 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 MSCI EAFE High Quality Index ETF CAD Units Trust Unit on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
