Is Global X Big Data & Hardware Index ETF Trust Units A halal to invest in?

As of October 2026, Global X Big Data & Hardware Index ETF Trust Units A HBGD.TO 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 Big Data & Hardware Index ETF Trust Units A 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 Big Data & Hardware Index ETF Trust Units A using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Big Data & Hardware Index ETF Trust Units A updated?

The Shariah compliance status of Global X Big Data & Hardware Index ETF Trust Units A may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Global X Big Data & Hardware Index ETF Trust Units A?

You can check the latest Shariah compliance status of Global X Big Data & Hardware Index ETF Trust Units A on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X Big Data & Hardware Index ETF Trust Units A HBGD.TO

Is Global X Big Data & Hardware Index ETF Trust Units A Halal?

Q: Can a halal ETF like Global X Big Data & Hardware Index ETF Trust Units A 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.

Shariah Compliance Analysis of HBGD.TO ETF

No. As of October 2026, Global X Big Data & Hardware Index ETF Trust Units A (HBGD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

HBGD.TO was created on 2018-06-20 by Global X. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 56.23m in AUM and 51 holdings. The fund is a tier-weighted fund of stocks of global companies involved in data-related services and solutions as well as hardware and hardware-related services used in data-intensive applications.

HBGD.TO Shariah Compliance

As of October 2026, Global X Big Data & Hardware Index ETF Trust Units A is classified as not halal.

NOT HALAL

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