Is Income Financial Trust halal to invest in?

According to Musaffa's Shariah screening methodology, Income Financial Trust (INC.UN.TO) is currently classified as NOT HALAL as of May 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Income Financial Trust a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Income Financial Trust using these criteria to determine its compliance status.

Can Muslims buy shares of Income Financial Trust?

Muslim investors may consider investing in Income Financial Trust if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Income Financial Trust classified as NOT HALAL?

Musaffa determines the Shariah status of Income Financial Trust by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Income Financial Trust updated?

The Shariah compliance status of Income Financial Trust may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Income Financial Trust become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Income Financial Trust?

You can check the latest Shariah compliance status of Income Financial Trust on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

INC.UN.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 01, 2025

Report Source: 2024 Annual Report

Income Financial Trust. Stock Analysis INC.UN.TO

Canada N/A Nano Cap Report: 2024 Annual

Income Financial Trust is a CA-based company operating in industry. Income Financial Trust is a Canada-based investment trust. The Trust’s investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting primarily of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index or the S&P MidCap 400 Financials Index. The financial services companies in North America, in the banking, insurance, brokerage, investment management and/or specialty finance sectors, are held within its portfolio. The company provides monthly distributions at an annual rate of 10%, based on the volume-weighted average market price (VWAP) of Income Financial’s units over the last three trading days of the previous month. The manager and investment manager of the Company is Quadravest Capital Management Inc.

Key Statistics of Income Financial Trust (INC.UN.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD9.61CAD9.61

Today's Open

CAD9.61

Volume

231.00

P/E Ratio (TTM)

4.67

52 Week Range

CAD7.80CAD9.99

Market Cap

29.03M

Avg. Volume

2112.61

Dividend Yield

9.50%

Financial Metrics & Statements of Income Financial Trust (INC.UN.TO)

FAQ's for Income Financial Trust (INC.UN.TO)

According to Musaffa’s Shariah screening methodology, Income Financial Trust (INC.UN.TO) is currently classified as NOT HALAL as of May 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.