Is Global X S&P/TSX 60 Index Corporate Class ETF halal to invest in?

As of September 2026, Global X S&P/TSX 60 Index Corporate Class ETF HXT.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/TSX 60 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/TSX 60 Index Corporate Class ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X S&P/TSX 60 Index Corporate Class ETF updated?

The Shariah compliance status of Global X S&P/TSX 60 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/TSX 60 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/TSX 60 Index Corporate Class ETF?

You can check the latest Shariah compliance status of Global X S&P/TSX 60 Index Corporate Class ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X S&P/TSX 60 Index Corporate Class ETF HXT.TO

HXT.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X S&P/TSX 60 Index Corporate Class ETF is classified as not halal.

NOT HALAL

Is Global X S&P/TSX 60 Index Corporate Class ETF Halal?

Shariah Compliance Analysis of HXT.TO ETF

CA Equity Large Cap

No. As of September 2026, Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X S&P/TSX 60 Index Corporate Class ETF does not pass Musaffa's business and financial screening criteria.

HXT.TO was created on 2010-09-14 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The fund tracks a market-cap-weighted index of 60 of the largest companies traded on the Toronto Stock Exchange.

Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) Chart

Key Statistics of Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO)

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FAQ's for Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO)

As of September 2026, Global X S&P/TSX 60 Index Corporate Class ETF HXT.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 S&P/TSX 60 Index Corporate Class ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global X S&P/TSX 60 Index Corporate Class 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 S&P/TSX 60 Index Corporate Class ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.