Is Global X S&P 500 Index Corporate Class ETF halal to invest in?

As of October 2026, Global X S&P 500 Index Corporate Class ETF HXS.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 S&P 500 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 S&P 500 Index Corporate Class ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X S&P 500 Index Corporate Class ETF updated?

The Shariah compliance status of Global X S&P 500 Index Corporate Class 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 S&P 500 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.

Where can I check the Shariah status of Global X S&P 500 Index Corporate Class ETF?

You can check the latest Shariah compliance status of Global X S&P 500 Index Corporate Class ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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Global X S&P 500 Index Corporate Class ETF HXS.TO

Is Global X S&P 500 Index Corporate Class ETF Halal?

Shariah Compliance Analysis of HXS.TO ETF

No. As of October 2026, Global X S&P 500 Index Corporate Class ETF (HXS.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

HXS.TO was created on 2010-11-30 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The fund tracks a market cap-weighted index of 500 US large- and mid-cap stocks selected by the S&P Index Committee.

HXS.TO Shariah Compliance

As of October 2026, Global X S&P 500 Index Corporate Class ETF is classified as not halal.

NOT HALAL

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