Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET HXEM.TO
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HXEM.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET is classified as not halal.
NOT HALAL
Is Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET Halal?
Shariah Compliance Analysis of HXEM.TO ETF
CA Equity Total Market No. As of September 2026, Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET (HXEM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET does not pass Musaffa's business and financial screening criteria.
HXEM.TO was created on 2020-08-04 by Global X. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks an index that provides exposure to large- and mid-cap stocks from 26 emerging market countries via long exposure to MSCI Emerging Market Index Futures.
Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET (HXEM.TO) Chart
Key Statistics of Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET (HXEM.TO)
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-FAQ's for Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET (HXEM.TO)
- As of September 2026, Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET HXEM.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.
- 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 Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET using these criteria to determine its compliance status.
- The Shariah compliance status of Global X Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET 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 Emerging Markets Equity Index Corporate Class ETF Equity Index Corporate Class ET on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.