Is BMO Equal Weight Utilities Index ETF halal to invest in?

As of September 2026, BMO Equal Weight Utilities Index ETF ZUT.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 Equal Weight Utilities 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 Equal Weight Utilities Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Equal Weight Utilities Index ETF updated?

The Shariah compliance status of BMO Equal Weight Utilities 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 Equal Weight Utilities 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 Equal Weight Utilities Index ETF?

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

BMO Equal Weight Utilities Index ETF ZUT.TO

ZUT.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Equal Weight Utilities Index ETF is classified as not halal.

NOT HALAL

Is BMO Equal Weight Utilities Index ETF Halal?

Shariah Compliance Analysis of ZUT.TO ETF

CA Equity Utilities

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

ZUT.TO was created on 2010-01-19 by BMO. The fund's investment portfolio concentrates primarily on utilities equity. The ETF currently has 824.5m in AUM and 14 holdings. The fund tracks an equally weighted index of Canadian utilities firms.

BMO Equal Weight Utilities Index ETF (ZUT.TO) Chart

Key Statistics of BMO Equal Weight Utilities Index ETF (ZUT.TO)

Today's Open

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FAQ's for BMO Equal Weight Utilities Index ETF (ZUT.TO)

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