Is Global X U.S. Infrastructure Development ETF halal to invest in?

As of September 2026, Global X U.S. Infrastructure Development ETF PAVE 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.

Is Global X U.S. Infrastructure Development 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 U.S. Infrastructure Development ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X U.S. Infrastructure Development ETF updated?

The Shariah compliance status of Global X U.S. Infrastructure Development 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 U.S. Infrastructure Development 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 U.S. Infrastructure Development ETF?

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

Global X U.S. Infrastructure Development ETF PAVE

PAVE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X U.S. Infrastructure Development ETF is classified as halal.

HALAL

Is Global X U.S. Infrastructure Development ETF Halal?

Shariah Compliance Analysis of PAVE ETF

US Equity Theme

Yes. As of September 2026, Global X U.S. Infrastructure Development ETF (PAVE) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X U.S. Infrastructure Development ETF passes Musaffa's business and financial screening criteria.

PAVE was created on 2017-03-06 by Global X. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 10222.48m in AUM and 100 holdings. PAVE tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.

Global X U.S. Infrastructure Development ETF (PAVE) Chart

Key Statistics of Global X U.S. Infrastructure Development ETF (PAVE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
73.22%
Materials
20.63%
Utilities
3.02%
Information Technology
2.07%
Consumer Discretionary
0.98%
Other
0.08%

FAQ's for Global X U.S. Infrastructure Development ETF (PAVE)

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