Is Global X Millennial Consumer ETF halal to invest in?

As of September 2026, Global X Millennial Consumer ETF MILN 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 Millennial Consumer 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 Millennial Consumer ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Millennial Consumer ETF updated?

The Shariah compliance status of Global X Millennial Consumer 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 Millennial Consumer 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 Millennial Consumer ETF?

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

Global X Millennial Consumer ETF MILN

MILN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Millennial Consumer ETF is classified as not halal.

NOT HALAL

Is Global X Millennial Consumer ETF Halal?

Shariah Compliance Analysis of MILN ETF

US Equity Theme

No. As of September 2026, Global X Millennial Consumer ETF (MILN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X Millennial Consumer ETF does not pass Musaffa's business and financial screening criteria.

MILN was created on 2016-05-04 by Global X. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 111.26m in AUM and 80 holdings. MILN tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials - people born between 1980 and 2000.

Global X Millennial Consumer ETF (MILN) Chart

Key Statistics of Global X Millennial Consumer ETF (MILN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
42.41%
Communication Services
21.51%
Financials
10.57%
Real Estate
9.65%
Information Technology
6.97%
Consumer Staples
5.05%
Industrials
3.34%
Health Care
0.43%
Other
0.07%

FAQ's for Global X Millennial Consumer ETF (MILN)

As of September 2026, Global X Millennial Consumer ETF MILN 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 Millennial Consumer ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global X Millennial Consumer 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 Millennial Consumer ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.