Is BMO Laddered Preferred Share Index ETF halal to invest in?

As of September 2026, BMO Laddered Preferred Share Index ETF ZPR.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 Laddered Preferred Share Index 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 Laddered Preferred Share Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Laddered Preferred Share Index ETF updated?

The Shariah compliance status of BMO Laddered Preferred Share Index 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 Laddered Preferred Share Index 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 Laddered Preferred Share Index ETF?

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

BMO Laddered Preferred Share Index ETF ZPR.TO

ZPR.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Laddered Preferred Share Index ETF is classified as not halal.

NOT HALAL

Is BMO Laddered Preferred Share Index ETF Halal?

Shariah Compliance Analysis of ZPR.TO ETF

CA Fixed Income Investment Grade

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

ZPR.TO was created on 2012-11-14 by BMO. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1472.16m in AUM and 124 holdings. The fund tracks an index of Canadian preferred stocks with adjustable dividend rates and a maturity of up to six years. Holdings are market-cap weighted within five equally weighted maturity buckets

BMO Laddered Preferred Share Index ETF (ZPR.TO) Chart

Key Statistics of BMO Laddered Preferred Share Index ETF (ZPR.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for BMO Laddered Preferred Share Index ETF (ZPR.TO)

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