Is BetaPro Canadian Gold Miners -2x Daily Bear ETF halal to invest in?

As of September 2026, BetaPro Canadian Gold Miners -2x Daily Bear ETF GDXD.TO 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 BetaPro Canadian Gold Miners -2x Daily Bear 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for BetaPro Canadian Gold Miners -2x Daily Bear ETF updated?

The Shariah compliance status of BetaPro Canadian Gold Miners -2x Daily Bear 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 BetaPro Canadian Gold Miners -2x Daily Bear 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF?

You can check the latest Shariah compliance status of BetaPro Canadian Gold Miners -2x Daily Bear ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

BetaPro Canadian Gold Miners -2x Daily Bear ETF GDXD.TO

GDXD.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, BetaPro Canadian Gold Miners -2x Daily Bear ETF is classified as not halal.

NOT HALAL

Is BetaPro Canadian Gold Miners -2x Daily Bear ETF Halal?

Shariah Compliance Analysis of GDXD.TO ETF

CA Equity Materials

No. As of September 2026, BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BetaPro Canadian Gold Miners -2x Daily Bear ETF does not pass Musaffa's business and financial screening criteria.

GDXD.TO was created on 2007-06-25 by BetaPro. The fund's investment portfolio concentrates primarily on materials equity. The fund provides 2x inverse leveraged exposure to a market-cap-weighted index of Canadian gold mining stocks.

BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO) Chart

Key Statistics of BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO)

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FAQ's for BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO)

As of September 2026, BetaPro Canadian Gold Miners -2x Daily Bear ETF GDXD.TO 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF using these criteria to determine its compliance status.
The Shariah compliance status of BetaPro Canadian Gold Miners -2x Daily Bear 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 BetaPro Canadian Gold Miners -2x Daily Bear ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.