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

As of September 2026, BMO SPDR Energy Select Sector Index ETF ZXLE.TO is classified as 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 Energy 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 Energy Select Sector Index ETF using these criteria to determine its compliance status.

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

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

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

BMO SPDR Energy Select Sector Index ETF ZXLE.TO

ZXLE.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO SPDR Energy Select Sector Index ETF is classified as halal.

HALAL

Is BMO SPDR Energy Select Sector Index ETF Halal?

Shariah Compliance Analysis of ZXLE.TO ETF

CA Equity Energy

Yes. As of September 2026, BMO SPDR Energy Select Sector Index ETF (ZXLE.TO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO SPDR Energy Select Sector Index ETF passes Musaffa's business and financial screening criteria.

ZXLE.TO was created on 2025-01-21 by BMO. The fund's investment portfolio concentrates primarily on energy equity. The ETF is a passively managed fund-of-fund that holds a market-cap-weighted portfolio of US energy companies in the S&P 500 Index.

BMO SPDR Energy Select Sector Index ETF (ZXLE.TO) Chart

Key Statistics of BMO SPDR Energy Select Sector Index ETF (ZXLE.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for BMO SPDR Energy Select Sector Index ETF (ZXLE.TO)

As of September 2026, BMO SPDR Energy Select Sector Index ETF ZXLE.TO is classified as 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 SPDR Energy Select Sector Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of BMO SPDR Energy Select Sector 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 SPDR Energy Select Sector Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.