Goldman Sachs Dynamic California Municipal Income ETF GCAL
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GCAL Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Goldman Sachs Dynamic California Municipal Income ETF is classified as not halal.
NOT HALAL
Is Goldman Sachs Dynamic California Municipal Income ETF Halal?
Shariah Compliance Analysis of GCAL ETF
US Fixed Income Broad Credit No. As of September 2026, Goldman Sachs Dynamic California Municipal Income ETF (GCAL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Goldman Sachs Dynamic California Municipal Income ETF does not pass Musaffa's business and financial screening criteria.
GCAL was created on 2024-07-23 by Goldman Sachs. The fund's investment portfolio concentrates primarily on broad credit fixed income. GCAL seeks a high level of current income by investing in municipal securities exempt from federal and California state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration.
Goldman Sachs Dynamic California Municipal Income ETF (GCAL) Chart
Key Statistics of Goldman Sachs Dynamic California Municipal Income ETF (GCAL)
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-FAQ's for Goldman Sachs Dynamic California Municipal Income ETF (GCAL)
- As of September 2026, Goldman Sachs Dynamic California Municipal Income ETF GCAL 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 Goldman Sachs Dynamic California Municipal Income ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Goldman Sachs Dynamic California Municipal 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 Goldman Sachs Dynamic California Municipal Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.