Is Canso Credit Income Fund halal to invest in?

According to Musaffa's Shariah screening methodology, Canso Credit Income Fund (PBY.UN.TO) is currently classified as NOT HALAL as of April 2026. 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 Canso Credit Income Fund 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 Canso Credit Income Fund using these criteria to determine its compliance status.

Can Muslims buy shares of Canso Credit Income Fund?

Muslim investors may consider investing in Canso Credit Income Fund 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 Canso Credit Income Fund classified as NOT HALAL?

Musaffa determines the Shariah status of Canso Credit Income Fund 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 Canso Credit Income Fund updated?

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

Can a halal stock like Canso Credit Income Fund 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 Canso Credit Income Fund?

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

PBY.UN.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 10, 2026

Report Source: 2025 Annual Report

Canso Credit Income Fund. Stock Analysis PBY.UN.TO

Canada N/A Micro Cap Report: 2025 Annual

Canso Credit Income Fund is a CA-based company operating in industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2010-07-16. Canso Credit Income Fund (the Fund) is a Canada-based closed-end fund. The Fund's investment objective is to maximize total returns for unitholders while reducing risk and provide unitholders with monthly cash distributions by taking long and short positions in a portfolio of primarily of corporate bonds and other income securities. The Fund classifies its investments in debt and equity securities and open-ended investment funds based on its business model for managing those financial assets and the contractual cash flow characteristics of the financial assets. The Fund's portfolio manager is Canso Investment Counsel Ltd.

Key Statistics of Canso Credit Income Fund (PBY.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

CAD16.25CAD16.35

Today's Open

CAD16.27

Volume

3900.00

P/E Ratio (TTM)

23.16

52 Week Range

CAD15.40CAD16.74

Market Cap

146.38M

Avg. Volume

29.81K

Dividend Yield

6.97%

Financial Metrics & Statements of Canso Credit Income Fund (PBY.UN.TO)

FAQ's for Canso Credit Income Fund (PBY.UN.TO)

According to Musaffa’s Shariah screening methodology, Canso Credit Income Fund (PBY.UN.TO) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.