Is BMO S&P/TSX 60 Index ETF CAD Units Trust Units halal to invest in?

As of October 2026, BMO S&P/TSX 60 Index ETF CAD Units Trust Units ZIU.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 S&P/TSX 60 Index ETF CAD Units Trust Units 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 S&P/TSX 60 Index ETF CAD Units Trust Units using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO S&P/TSX 60 Index ETF CAD Units Trust Units updated?

The Shariah compliance status of BMO S&P/TSX 60 Index ETF CAD Units Trust Units 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 S&P/TSX 60 Index ETF CAD Units Trust Units 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 S&P/TSX 60 Index ETF CAD Units Trust Units?

You can check the latest Shariah compliance status of BMO S&P/TSX 60 Index ETF CAD Units Trust Units on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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BMO S&P/TSX 60 Index ETF CAD Units Trust Units ZIU.TO

Is BMO S&P/TSX 60 Index ETF CAD Units Trust Units Halal?

Shariah Compliance Analysis of ZIU.TO ETF

No. As of October 2026, BMO S&P/TSX 60 Index ETF CAD Units Trust Units (ZIU.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ZIU.TO was created on 2023-09-27 by BMO. The fund's investment portfolio concentrates primarily on large cap equity. The fund follows a market cap-weighted index with exposure to the largest Canadian companies, selected by an Index Commitee.

ZIU.TO Shariah Compliance

As of October 2026, BMO S&P/TSX 60 Index ETF CAD Units Trust Units is classified as not halal.

NOT HALAL

BMO S&P/TSX 60 Index ETF CAD Units Trust Units (ZIU.TO) Chart

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