Is Goldman Sachs Municipal Income ETF halal to invest in?

As of September 2026, Goldman Sachs Municipal Income ETF GMUB 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 Goldman Sachs Municipal Income 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 Goldman Sachs Municipal Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Goldman Sachs Municipal Income ETF updated?

The Shariah compliance status of Goldman Sachs Municipal Income 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 Goldman Sachs Municipal Income 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 Goldman Sachs Municipal Income ETF?

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

Goldman Sachs Municipal Income ETF GMUB

GMUB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Goldman Sachs Municipal Income ETF is classified as not halal.

NOT HALAL

Is Goldman Sachs Municipal Income ETF Halal?

Shariah Compliance Analysis of GMUB ETF

US Fixed Income Broad Credit

No. As of September 2026, Goldman Sachs Municipal Income ETF (GMUB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Goldman Sachs Municipal Income ETF does not pass Musaffa's business and financial screening criteria.

GMUB was created on 2024-07-23 by Goldman Sachs. The fund's investment portfolio concentrates primarily on broad credit fixed income. GMUB is an actively managed fund that focuses on municipal securities, which are exempt from federal income tax. The fund aims to provide diversified exposure and high current income.

Goldman Sachs Municipal Income ETF (GMUB) Chart

Key Statistics of Goldman Sachs Municipal Income ETF (GMUB)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Goldman Sachs Municipal Income ETF (GMUB)

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