Is BMO SPDR Materials Select Sector Index ETF halal to invest in?

As of October 2026, BMO SPDR Materials Select Sector Index ETF ZXLB.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 SPDR Materials Select Sector 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 SPDR Materials Select Sector Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BMO SPDR Materials Select Sector Index ETF updated?

The Shariah compliance status of BMO SPDR Materials Select Sector 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 SPDR Materials Select Sector 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 SPDR Materials Select Sector Index ETF?

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

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BMO SPDR Materials Select Sector Index ETF ZXLB.TO

Is BMO SPDR Materials Select Sector Index ETF Halal?

Shariah Compliance Analysis of ZXLB.TO ETF

No. As of October 2026, BMO SPDR Materials Select Sector Index ETF (ZXLB.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ZXLB.TO was created on 2025-02-04 by SPDR. The fund's investment portfolio concentrates primarily on materials equity. The fund tracks a market cap-weighted index of S&P 500 materials-sector stocks.

ZXLB.TO Shariah Compliance

As of October 2026, BMO SPDR Materials Select Sector Index ETF is classified as not halal.

NOT HALAL

BMO SPDR Materials Select Sector Index ETF (ZXLB.TO) Chart

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