Is BMO Money Market Fund Trust Units Series -ETF- halal to invest in?

As of September 2026, BMO Money Market Fund Trust Units Series -ETF- ZMMK.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 Money Market Fund Trust Units Series -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 Money Market Fund Trust Units Series -ETF- using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Money Market Fund Trust Units Series -ETF- updated?

The Shariah compliance status of BMO Money Market Fund Trust Units Series -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 Money Market Fund Trust Units Series -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 Money Market Fund Trust Units Series -ETF-?

You can check the latest Shariah compliance status of BMO Money Market Fund Trust Units Series -ETF- on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

BMO Money Market Fund Trust Units Series -ETF- ZMMK.TO

ZMMK.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Money Market Fund Trust Units Series -ETF- is classified as not halal.

NOT HALAL

Is BMO Money Market Fund Trust Units Series -ETF- Halal?

Shariah Compliance Analysis of ZMMK.TO ETF

CA Fixed Income Investment Grade

No. As of September 2026, BMO Money Market Fund Trust Units Series -ETF- (ZMMK.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO Money Market Fund Trust Units Series -ETF- does not pass Musaffa's business and financial screening criteria.

ZMMK.TO was created on 2021-11-29 by BMO. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 5708.86m in AUM and 9 holdings. ZMMK.TO is actively managed to primarily hold ultra-short term Canadian money market instruments.

BMO Money Market Fund Trust Units Series -ETF- (ZMMK.TO) Chart

Key Statistics of BMO Money Market Fund Trust Units Series -ETF- (ZMMK.TO)

Today's Open

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FAQ's for BMO Money Market Fund Trust Units Series -ETF- (ZMMK.TO)

As of September 2026, BMO Money Market Fund Trust Units Series -ETF- ZMMK.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 Money Market Fund Trust Units Series -ETF- using these criteria to determine its compliance status.
The Shariah compliance status of BMO Money Market Fund Trust Units Series -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 Money Market Fund Trust Units Series -ETF- on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.