Is Global X Green Building ETF halal to invest in?

As of September 2026, Global X Green Building ETF GRNR 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 Green Building 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 Green Building ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Green Building ETF updated?

The Shariah compliance status of Global X Green Building 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 Green Building 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 Green Building ETF?

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

Global X Green Building ETF GRNR

GRNR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Green Building ETF is classified as not halal.

NOT HALAL

Is Global X Green Building ETF Halal?

Shariah Compliance Analysis of GRNR ETF

US Equity Theme

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

GRNR was created on 2022-04-11 by Global X. The fund's investment portfolio concentrates primarily on theme equity. GRNR tracks a market cap-weighted index of global companies involved in Green Building development, management, and technologies. Holdings are screened for multiple ESG metrics.

Global X Green Building ETF (GRNR) Chart

Key Statistics of Global X Green Building ETF (GRNR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Real Estate
58.04%
Industrials
32.96%
Consumer Discretionary
6.69%
Information Technology
1.47%
Other
0.46%
Consumer Staples
0.38%

FAQ's for Global X Green Building ETF (GRNR)

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