Is Global X Cloud Computing UCITS ETF USD halal to invest in?

As of September 2026, Global X Cloud Computing UCITS ETF USD CLO6.L is classified as doubtful 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 Global X Cloud Computing UCITS ETF USD 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 Global X Cloud Computing UCITS ETF USD using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Cloud Computing UCITS ETF USD updated?

The Shariah compliance status of Global X Cloud Computing UCITS ETF USD may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Global X Cloud Computing UCITS ETF USD 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 Global X Cloud Computing UCITS ETF USD?

You can check the latest Shariah compliance status of Global X Cloud Computing UCITS ETF USD on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X Cloud Computing UCITS ETF USD CLO6.L

CLO6.L Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Cloud Computing UCITS ETF USD is classified as doubtful.

DOUBTFUL

Is Global X Cloud Computing UCITS ETF USD Halal?

Shariah Compliance Analysis of CLO6.L ETF

GB Equity Information Technology

No. As of September 2026, Global X Cloud Computing UCITS ETF USD (CLO6.L) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X Cloud Computing UCITS ETF USD does not fully pass Musaffa's business and financial screening criteria.

CLO6.L was created on 2021-11-02 by Global X. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 12.84m in AUM and 39 holdings. The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Indxx Global Cloud Computing v2 Index (the Index).

Global X Cloud Computing UCITS ETF USD (CLO6.L) Chart

Key Statistics of Global X Cloud Computing UCITS ETF USD (CLO6.L)

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FAQ's for Global X Cloud Computing UCITS ETF USD (CLO6.L)

As of September 2026, Global X Cloud Computing UCITS ETF USD CLO6.L is classified as doubtful 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 Global X Cloud Computing UCITS ETF USD using these criteria to determine its compliance status.
The Shariah compliance status of Global X Cloud Computing UCITS ETF USD 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 Global X Cloud Computing UCITS ETF USD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.