Is Global X Gold Explorers ETF halal to invest in?

As of September 2026, Global X Gold Explorers ETF GOEX 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 Global X Gold Explorers 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 Global X Gold Explorers ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Gold Explorers ETF updated?

The Shariah compliance status of Global X Gold Explorers 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 Global X Gold Explorers 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 Global X Gold Explorers ETF?

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

Global X Gold Explorers ETF GOEX

GOEX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Gold Explorers ETF is classified as not halal.

NOT HALAL

Is Global X Gold Explorers ETF Halal?

Shariah Compliance Analysis of GOEX ETF

US Equity Materials

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

GOEX was created on 2010-11-03 by Global X. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 139.41m in AUM and 50 holdings. GOEX tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer.

Global X Gold Explorers ETF (GOEX) Chart

Key Statistics of Global X Gold Explorers ETF (GOEX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
99.75%
Other
0.25%

FAQ's for Global X Gold Explorers ETF (GOEX)

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