Is Global Beta Smart Income ETF halal to invest in?

As of September 2026, Global Beta Smart Income ETF GBDV 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 Global Beta Smart Income 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 Global Beta Smart Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global Beta Smart Income ETF updated?

The Shariah compliance status of Global Beta Smart Income 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 Global Beta Smart Income 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 Global Beta Smart Income ETF?

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

Global Beta Smart Income ETF GBDV

GBDV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global Beta Smart Income ETF is classified as not halal.

NOT HALAL

Is Global Beta Smart Income ETF Halal?

Shariah Compliance Analysis of GBDV ETF

US Equity High Dividend Yield

No. As of September 2026, Global Beta Smart Income ETF (GBDV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global Beta Smart Income ETF does not pass Musaffa's business and financial screening criteria.

GBDV was created on 2019-12-27 by Global Beta. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 6.9m in AUM and 95 holdings. GBDV tracks a revenue-weighted index of S&P 900 stocks with the highest dividend yield.

Global Beta Smart Income ETF (GBDV) Chart

Key Statistics of Global Beta Smart Income ETF (GBDV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
17.61%
Health Care
16.47%
Consumer Staples
14.06%
Utilities
10.94%
Materials
8.90%
Energy
7.98%
Information Technology
7.33%
Communication Services
6.29%
Industrials
4.15%
Consumer Discretionary
3.59%
Real Estate
2.21%
Other
0.47%

FAQ's for Global Beta Smart Income ETF (GBDV)

As of September 2026, Global Beta Smart Income ETF GBDV 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 Global Beta Smart Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global Beta Smart Income 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 Global Beta Smart Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.