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

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

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

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

You can check the latest Shariah compliance status of BMO US 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 US Preferred Share Index ETF ZUP.TO

ZUP.TO Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is BMO US Preferred Share Index ETF Halal?

Shariah Compliance Analysis of ZUP.TO ETF

CA Fixed Income Broad Credit

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

ZUP.TO was created on 2017-02-09 by BMO. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 42.68m in AUM and 155 holdings. The fund tracks an index of US preferred shares that are weighted according to dividend yield.

BMO US Preferred Share Index ETF (ZUP.TO) Chart

Key Statistics of BMO US Preferred Share Index ETF (ZUP.TO)

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FAQ's for BMO US Preferred Share Index ETF (ZUP.TO)

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