Is Principal Millennial Global Growth ETF halal to invest in?

As of September 2026, Principal Millennial Global Growth ETF GENY 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 Principal Millennial Global Growth 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 Principal Millennial Global Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Principal Millennial Global Growth ETF updated?

The Shariah compliance status of Principal Millennial Global Growth 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 Principal Millennial Global Growth 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 Principal Millennial Global Growth ETF?

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

Principal Millennial Global Growth ETF GENY

GENY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Principal Millennial Global Growth ETF is classified as not halal.

NOT HALAL

Is Principal Millennial Global Growth ETF Halal?

Shariah Compliance Analysis of GENY ETF

US Equity Theme

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

GENY was created on 2016-08-19 by Principal. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 29.54m in AUM and 143 holdings. GENY actively invests in global growth companies with exposure to the spending and lifestyle activities of the Millennial generation - people born between 1980 and the mid-2000s.

Principal Millennial Global Growth ETF (GENY) Chart

Key Statistics of Principal Millennial Global Growth ETF (GENY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
35.63%
Communication Services
33.72%
Financials
10.99%
Other
8.16%
Consumer Staples
4.70%
Real Estate
2.97%
Industrials
2.51%
Information Technology
1.32%

FAQ's for Principal Millennial Global Growth ETF (GENY)

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