Is Inspire Faithward Mid Cap Momentum ETF halal to invest in?

As of September 2026, Inspire Faithward Mid Cap Momentum ETF GLRY 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 Inspire Faithward Mid Cap Momentum 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 Inspire Faithward Mid Cap Momentum ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Inspire Faithward Mid Cap Momentum ETF updated?

The Shariah compliance status of Inspire Faithward Mid Cap Momentum 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 Inspire Faithward Mid Cap Momentum 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 Inspire Faithward Mid Cap Momentum ETF?

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

Inspire Faithward Mid Cap Momentum ETF GLRY

GLRY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Inspire Faithward Mid Cap Momentum ETF is classified as not halal.

NOT HALAL

Is Inspire Faithward Mid Cap Momentum ETF Halal?

Shariah Compliance Analysis of GLRY ETF

US Equity Mid Cap

No. As of September 2026, Inspire Faithward Mid Cap Momentum ETF (GLRY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Inspire Faithward Mid Cap Momentum ETF does not pass Musaffa's business and financial screening criteria.

GLRY was created on 2020-12-07 by Inspire. The fund's investment portfolio concentrates primarily on mid cap equity. GLRY seeks to maximize growth and outperform its benchmark by actively selecting US mid-cap stocks that are screened for their alignment in biblical values.

Inspire Faithward Mid Cap Momentum ETF (GLRY) Chart

Key Statistics of Inspire Faithward Mid Cap Momentum ETF (GLRY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
28.17%
Consumer Discretionary
13.82%
Financials
11.84%
Information Technology
10.47%
Health Care
9.11%
Consumer Staples
6.59%
Real Estate
5.64%
Materials
5.45%
Energy
5.07%
Utilities
2.68%
Other
1.16%

FAQ's for Inspire Faithward Mid Cap Momentum ETF (GLRY)

As of September 2026, Inspire Faithward Mid Cap Momentum ETF GLRY 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 Inspire Faithward Mid Cap Momentum ETF using these criteria to determine its compliance status.
The Shariah compliance status of Inspire Faithward Mid Cap Momentum 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 Inspire Faithward Mid Cap Momentum ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.