Is GlacierShares Nasdaq Iceland ETF halal to invest in?

As of September 2026, GlacierShares Nasdaq Iceland ETF GLCR 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 GlacierShares Nasdaq Iceland 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 GlacierShares Nasdaq Iceland ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for GlacierShares Nasdaq Iceland ETF updated?

The Shariah compliance status of GlacierShares Nasdaq Iceland 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 GlacierShares Nasdaq Iceland 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 GlacierShares Nasdaq Iceland ETF?

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

GlacierShares Nasdaq Iceland ETF GLCR

GLCR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, GlacierShares Nasdaq Iceland ETF is classified as not halal.

NOT HALAL

Is GlacierShares Nasdaq Iceland ETF Halal?

Shariah Compliance Analysis of GLCR ETF

US Equity Total Market

No. As of September 2026, GlacierShares Nasdaq Iceland ETF (GLCR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. GlacierShares Nasdaq Iceland ETF does not pass Musaffa's business and financial screening criteria.

GLCR was created on 2025-03-26 by Teucrium. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 0.79m in AUM and 32 holdings. GLCR is passively managed index of Icelandic companies and companies related to the Iceland economy. The narrow portfolio is selected and weighted based on market-cap.

GlacierShares Nasdaq Iceland ETF (GLCR) Chart

Key Statistics of GlacierShares Nasdaq Iceland ETF (GLCR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for GlacierShares Nasdaq Iceland ETF (GLCR)

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