Is Global X MSCI Portugal ETF halal to invest in?

As of September 2026, Global X MSCI Portugal ETF PGAL 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 MSCI Portugal 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 MSCI Portugal ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X MSCI Portugal ETF updated?

The Shariah compliance status of Global X MSCI Portugal 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 MSCI Portugal 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 MSCI Portugal ETF?

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

Global X MSCI Portugal ETF PGAL

PGAL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X MSCI Portugal ETF is classified as not halal.

NOT HALAL

Is Global X MSCI Portugal ETF Halal?

Shariah Compliance Analysis of PGAL ETF

US Equity Total Market

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

PGAL was created on 2013-11-12 by Global X. The fund's investment portfolio concentrates primarily on total market equity. PGAL tracks a market-cap-selected and -weighted index of Portuguese companies, subject to diversification requirements.

Global X MSCI Portugal ETF (PGAL) Chart

Key Statistics of Global X MSCI Portugal ETF (PGAL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Utilities
33.73%
Consumer Staples
22.76%
Materials
14.00%
Industrials
10.16%
Financials
5.09%
Communication Services
4.53%
Energy
4.48%
Other
4.31%
Consumer Discretionary
0.94%

FAQ's for Global X MSCI Portugal ETF (PGAL)

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