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

As of September 2026, BMO SPDR Health Care Select Sector Index ETF ZXLV.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 Health Care 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 Health Care Select Sector Index ETF using these criteria to determine its compliance status.

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

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

You can check the latest Shariah compliance status of BMO SPDR Health Care 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 Health Care Select Sector Index ETF ZXLV.TO

ZXLV.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BMO SPDR Health Care Select Sector Index ETF is classified as not halal.

NOT HALAL

Is BMO SPDR Health Care Select Sector Index ETF Halal?

Shariah Compliance Analysis of ZXLV.TO ETF

CA Equity Health Care

No. As of September 2026, BMO SPDR Health Care Select Sector Index ETF (ZXLV.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BMO SPDR Health Care Select Sector Index ETF does not pass Musaffa's business and financial screening criteria.

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

BMO SPDR Health Care Select Sector Index ETF (ZXLV.TO) Chart

Key Statistics of BMO SPDR Health Care Select Sector Index ETF (ZXLV.TO)

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FAQ's for BMO SPDR Health Care Select Sector Index ETF (ZXLV.TO)

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