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Goldman Sachs Dynamic California Municipal Income ETF GCAL

Is Goldman Sachs Dynamic California Municipal Income ETF Halal?

Shariah Compliance Analysis of GCAL ETF

No. As of October 2026, Goldman Sachs Dynamic California Municipal Income ETF (GCAL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

GCAL Shariah Compliance

As of October 2026, Goldman Sachs Dynamic California Municipal Income ETF is classified as not halal.

NOT HALAL

Goldman Sachs Dynamic California Municipal Income ETF (GCAL) Chart

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