Is BMO S&P US Small Cap Index ETF halal to invest in?

As of September 2026, BMO S&P US Small Cap Index ETF ZSML.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 US Small Cap 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 S&P US Small Cap Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO S&P US Small Cap Index ETF updated?

The Shariah compliance status of BMO S&P US Small Cap 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 S&P US Small Cap 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 S&P US Small Cap Index ETF?

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

BMO S&P US Small Cap Index ETF ZSML.TO

ZSML.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO S&P US Small Cap Index ETF is classified as not halal.

NOT HALAL

Is BMO S&P US Small Cap Index ETF Halal?

Shariah Compliance Analysis of ZSML.TO ETF

CA Equity Small Cap

No. As of September 2026, BMO S&P US Small Cap Index ETF (ZSML.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO S&P US Small Cap Index ETF does not pass Musaffa's business and financial screening criteria.

ZSML.TO was created on 2020-02-05 by BMO. The fund's investment portfolio concentrates primarily on small cap equity. The fund tracks a US small cap index of stocks selected by a Committee and weighted by market cap.

BMO S&P US Small Cap Index ETF (ZSML.TO) Chart

Key Statistics of BMO S&P US Small Cap Index ETF (ZSML.TO)

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FAQ's for BMO S&P US Small Cap Index ETF (ZSML.TO)

As of September 2026, BMO S&P US Small Cap Index ETF ZSML.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 S&P US Small Cap Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of BMO S&P US Small Cap 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 S&P US Small Cap Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.