Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF HXDM.TO

Is Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF Halal?

Q: Is Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class 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 Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF using these criteria to determine its compliance status.

Q: How often is the Shariah compliance for Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF updated?

The Shariah compliance status of Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Q: Can a halal ETF like Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class 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.

Q: Where can I check the Shariah status of Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF?

You can check the latest Shariah compliance status of Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Shariah Compliance Analysis of HXDM.TO ETF

No. As of October 2026, Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF (HXDM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

HXDM.TO was created on 2017-09-26 by Global X. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks an index of large- and mid-cap developed-market equities, excluding the US and Canada. The index replicates the returns of the MSCI EAFE index using a series of long index futures contracts.

HXDM.TO Shariah Compliance

As of October 2026, Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF is classified as not halal.

NOT HALAL

Global X Intl Developed Markets Equity Index Corporate Class ETF Developed Markets Equity Index Corporate Class ETF (HXDM.TO) Chart

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