Is IQ Global Resources ETF halal to invest in?

As of September 2026, IQ Global Resources ETF GRES 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 IQ Global Resources 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 IQ Global Resources ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for IQ Global Resources ETF updated?

The Shariah compliance status of IQ Global Resources 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 IQ Global Resources 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 IQ Global Resources ETF?

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

IQ Global Resources ETF GRES

GRES Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, IQ Global Resources ETF is classified as not halal.

NOT HALAL

Is IQ Global Resources ETF Halal?

Shariah Compliance Analysis of GRES ETF

US Equity Theme

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

GRES was created on 2009-10-27 by IndexIQ. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 38.07m in AUM and 203 holdings. GRES is passively managed to provide exposure to the largest stocks from developed markets that are involved in commodities and commodities-related products and services.

IQ Global Resources ETF (GRES) Chart

Key Statistics of IQ Global Resources ETF (GRES)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
36.37%
Energy
28.43%
Consumer Staples
25.96%
Industrials
4.90%
Other
2.37%
Utilities
1.80%
Consumer Discretionary
0.17%

FAQ's for IQ Global Resources ETF (GRES)

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