Is Global X NASDAQ 100 Covered Call ETF halal to invest in?

As of September 2026, Global X NASDAQ 100 Covered Call ETF QYLD 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 NASDAQ 100 Covered Call 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 NASDAQ 100 Covered Call ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X NASDAQ 100 Covered Call ETF updated?

The Shariah compliance status of Global X NASDAQ 100 Covered Call 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 NASDAQ 100 Covered Call 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 NASDAQ 100 Covered Call ETF?

You can check the latest Shariah compliance status of Global X NASDAQ 100 Covered Call ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X NASDAQ 100 Covered Call ETF QYLD

QYLD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X NASDAQ 100 Covered Call ETF is classified as not halal.

NOT HALAL

Is Global X NASDAQ 100 Covered Call ETF Halal?

Shariah Compliance Analysis of QYLD ETF

US Equity Large Cap

No. As of September 2026, Global X NASDAQ 100 Covered Call ETF (QYLD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X NASDAQ 100 Covered Call ETF does not pass Musaffa's business and financial screening criteria.

QYLD was created on 2013-12-12 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 8247.28m in AUM and 102 holdings. QYLD tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums.

Global X NASDAQ 100 Covered Call ETF (QYLD) Chart

Key Statistics of Global X NASDAQ 100 Covered Call ETF (QYLD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
49.65%
Consumer Discretionary
12.53%
Communication Services
12.32%
Health Care
6.11%
Consumer Staples
6.05%
Other
5.19%
Industrials
4.41%
Materials
1.47%
Utilities
1.17%
Energy
0.48%
Financials
0.41%
Real Estate
0.21%

FAQ's for Global X NASDAQ 100 Covered Call ETF (QYLD)

As of September 2026, Global X NASDAQ 100 Covered Call ETF QYLD 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 NASDAQ 100 Covered Call ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global X NASDAQ 100 Covered Call 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 NASDAQ 100 Covered Call ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.