Is BMO Covered Call Technology ETF halal to invest in?

As of September 2026, BMO Covered Call Technology ETF ZWT.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 Covered Call Technology 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 Covered Call Technology ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO Covered Call Technology ETF updated?

The Shariah compliance status of BMO Covered Call Technology 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 Covered Call Technology 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 Covered Call Technology ETF?

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

BMO Covered Call Technology ETF ZWT.TO

ZWT.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO Covered Call Technology ETF is classified as not halal.

NOT HALAL

Is BMO Covered Call Technology ETF Halal?

Shariah Compliance Analysis of ZWT.TO ETF

CA Equity Information Technology

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

ZWT.TO was created on 2021-01-20 by BMO. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 209.39m in AUM and 31 holdings. The fund uses an actively managed overlay of covered call options on U.S. and Canadian technology firms.

BMO Covered Call Technology ETF (ZWT.TO) Chart

Key Statistics of BMO Covered Call Technology ETF (ZWT.TO)

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FAQ's for BMO Covered Call Technology ETF (ZWT.TO)

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