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CI Morningstar International Momentum Index ETF ZXM.B.TO

Is CI Morningstar International Momentum Index ETF Halal?

Shariah Compliance Analysis of ZXM.B.TO ETF

No. As of October 2026, CI Morningstar International Momentum Index ETF (ZXM.B.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ZXM.B.TO was created on 2014-11-13 by CI. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks an equal-weighted index of 250 stocks from the developed markets excluding North America, selected for positive 3-, 9- and 12-month price momentum with an emphasis on upward earnings estimate revisions.

ZXM.B.TO Shariah Compliance

As of October 2026, CI Morningstar International Momentum Index ETF is classified as not halal.

NOT HALAL

CI Morningstar International Momentum Index ETF (ZXM.B.TO) Chart

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