Global X U.S. Infrastructure Development UCITS ETF AccumUSD PAVE.L
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PAVE.L Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Global X U.S. Infrastructure Development UCITS ETF AccumUSD is classified as halal.
HALAL
Is Global X U.S. Infrastructure Development UCITS ETF AccumUSD Halal?
Shariah Compliance Analysis of PAVE.L ETF
GB Equity Theme Yes. As of September 2026, Global X U.S. Infrastructure Development UCITS ETF AccumUSD (PAVE.L) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X U.S. Infrastructure Development UCITS ETF AccumUSD passes Musaffa's business and financial screening criteria.
PAVE.L was created on 2021-11-02 by Global X. The fund's investment portfolio concentrates primarily on theme equity. The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Indxx U.S. Infrastructure Development v2 Index
Global X U.S. Infrastructure Development UCITS ETF AccumUSD (PAVE.L) Chart
Key Statistics of Global X U.S. Infrastructure Development UCITS ETF AccumUSD (PAVE.L)
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-FAQ's for Global X U.S. Infrastructure Development UCITS ETF AccumUSD (PAVE.L)
- As of September 2026, Global X U.S. Infrastructure Development UCITS ETF AccumUSD PAVE.L is classified as 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 U.S. Infrastructure Development UCITS ETF AccumUSD using these criteria to determine its compliance status.
- The Shariah compliance status of Global X U.S. Infrastructure Development UCITS ETF AccumUSD 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 U.S. Infrastructure Development UCITS ETF AccumUSD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.