Is Global X MSCI Greece ETF halal to invest in?

As of September 2026, Global X MSCI Greece ETF GREK 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 MSCI Greece 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 MSCI Greece ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X MSCI Greece ETF updated?

The Shariah compliance status of Global X MSCI Greece 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 MSCI Greece 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 MSCI Greece ETF?

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

Global X MSCI Greece ETF GREK

GREK Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X MSCI Greece ETF is classified as not halal.

NOT HALAL

Is Global X MSCI Greece ETF Halal?

Shariah Compliance Analysis of GREK ETF

US Equity Total Market

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

GREK was created on 2011-12-07 by Global X. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 295.85m in AUM and 32 holdings. GREK tracks a market-cap-weighted index of about 15 Greek firms.

Global X MSCI Greece ETF (GREK) Chart

Key Statistics of Global X MSCI Greece ETF (GREK)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
40.95%
Industrials
17.04%
Consumer Discretionary
11.70%
Utilities
10.36%
Energy
7.69%
Communication Services
4.60%
Materials
3.98%
Real Estate
2.02%
Consumer Staples
1.58%
Other
0.08%

FAQ's for Global X MSCI Greece ETF (GREK)

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