Is MicroSectors Gold Miners -3X Inverse Leveraged ETNs halal to invest in?

As of September 2026, MicroSectors Gold Miners -3X Inverse Leveraged ETNs GDXD 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 MicroSectors Gold Miners -3X Inverse Leveraged ETNs 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 MicroSectors Gold Miners -3X Inverse Leveraged ETNs using these criteria to determine its compliance status.

How often is the Shariah compliance for MicroSectors Gold Miners -3X Inverse Leveraged ETNs updated?

The Shariah compliance status of MicroSectors Gold Miners -3X Inverse Leveraged ETNs may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of MicroSectors Gold Miners -3X Inverse Leveraged ETNs?

You can check the latest Shariah compliance status of MicroSectors Gold Miners -3X Inverse Leveraged ETNs on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

MicroSectors Gold Miners -3X Inverse Leveraged ETNs GDXD

GDXD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, MicroSectors Gold Miners -3X Inverse Leveraged ETNs is classified as not halal.

NOT HALAL

Is MicroSectors Gold Miners -3X Inverse Leveraged ETNs ETF Halal?

Shariah Compliance Analysis of GDXD ETF

US Equity Materials

No. As of September 2026, MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. MicroSectors Gold Miners -3X Inverse Leveraged ETNs does not pass Musaffa's business and financial screening criteria.

GDXD was created on 2020-12-02 by REX Microsectors. The fund's investment portfolio concentrates primarily on materials equity. GDXD provides 3x daily inverse leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs.

MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) Chart

Key Statistics of MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD)

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FAQ's for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD)

As of September 2026, MicroSectors Gold Miners -3X Inverse Leveraged ETNs GDXD 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 MicroSectors Gold Miners -3X Inverse Leveraged ETNs using these criteria to determine its compliance status.
The Shariah compliance status of MicroSectors Gold Miners -3X Inverse Leveraged ETNs 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 MicroSectors Gold Miners -3X Inverse Leveraged ETNs on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.