Is KraneShares Global Luxury Index ETF halal to invest in?

As of September 2026, KraneShares Global Luxury Index ETF KLXY is classified as doubtful 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 KraneShares Global Luxury Index 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 KraneShares Global Luxury Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for KraneShares Global Luxury Index ETF updated?

The Shariah compliance status of KraneShares Global Luxury Index 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 KraneShares Global Luxury Index 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 KraneShares Global Luxury Index ETF?

You can check the latest Shariah compliance status of KraneShares Global Luxury Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

KraneShares Global Luxury Index ETF KLXY

KLXY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, KraneShares Global Luxury Index ETF is classified as doubtful.

DOUBTFUL

Is KraneShares Global Luxury Index ETF Halal?

Shariah Compliance Analysis of KLXY ETF

US Equity Theme

No. As of September 2026, KraneShares Global Luxury Index ETF (KLXY) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. KraneShares Global Luxury Index ETF does not fully pass Musaffa's business and financial screening criteria.

KLXY was created on 2023-09-07 by KraneShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 2.01m in AUM and 24 holdings. KLXY tracks an index comprised of companies in developed markets that offer luxury goods and services. The index selects and weights holdings towards those companies with most business exposure related to the investment theme.

KraneShares Global Luxury Index ETF (KLXY) Chart

Key Statistics of KraneShares Global Luxury Index ETF (KLXY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
71.35%
Consumer Staples
21.61%
Health Care
6.83%
Other
0.21%

FAQ's for KraneShares Global Luxury Index ETF (KLXY)

As of September 2026, KraneShares Global Luxury Index ETF KLXY is classified as doubtful 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 KraneShares Global Luxury Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of KraneShares Global Luxury Index 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 KraneShares Global Luxury Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.