Is BMO Ultra Short-Term Bond ETF halal to invest in?

As of September 2026, BMO Ultra Short-Term Bond ETF ZST.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 Ultra Short-Term Bond 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 Ultra Short-Term Bond ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Ultra Short-Term Bond ETF updated?

The Shariah compliance status of BMO Ultra Short-Term Bond 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 Ultra Short-Term Bond 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 Ultra Short-Term Bond ETF?

You can check the latest Shariah compliance status of BMO Ultra Short-Term Bond ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

BMO Ultra Short-Term Bond ETF ZST.TO

ZST.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Ultra Short-Term Bond ETF is classified as not halal.

NOT HALAL

Is BMO Ultra Short-Term Bond ETF Halal?

Shariah Compliance Analysis of ZST.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, BMO Ultra Short-Term Bond ETF (ZST.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO Ultra Short-Term Bond ETF does not pass Musaffa's business and financial screening criteria.

ZST.TO was created on 2011-01-28 by BMO. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 4120.57m in AUM and 59 holdings. The fund is an actively managed fund that invests in a portfolio of Canadian bonds with remaining maturities of one year or less.

BMO Ultra Short-Term Bond ETF (ZST.TO) Chart

Key Statistics of BMO Ultra Short-Term Bond ETF (ZST.TO)

Today's Open

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Avg. Volume

Expense Ratio

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P/B Ratio

FAQ's for BMO Ultra Short-Term Bond ETF (ZST.TO)

As of September 2026, BMO Ultra Short-Term Bond ETF ZST.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 Ultra Short-Term Bond ETF using these criteria to determine its compliance status.
The Shariah compliance status of BMO Ultra Short-Term Bond 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 Ultra Short-Term Bond ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.