Is Global X Nasdaq 100 Covered Call & Growth ETF halal to invest in?

As of September 2026, Global X Nasdaq 100 Covered Call & Growth ETF QYLG 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 & Growth 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 & Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Nasdaq 100 Covered Call & Growth ETF updated?

The Shariah compliance status of Global X Nasdaq 100 Covered Call & Growth 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 & Growth 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 & Growth ETF?

You can check the latest Shariah compliance status of Global X Nasdaq 100 Covered Call & Growth 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 & Growth ETF QYLG

QYLG Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Global X Nasdaq 100 Covered Call & Growth ETF Halal?

Shariah Compliance Analysis of QYLG ETF

US Equity Large Cap

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

QYLG was created on 2020-09-18 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 137.63m in AUM and 102 holdings. QYLG tracks an index that holds Nasdaq 100 stocks and sells call options on half the value of those stocks, to collect the premiums and allow for growth.

Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) Chart

Key Statistics of Global X Nasdaq 100 Covered Call & Growth ETF (QYLG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
49.27%
Communication Services
13.63%
Consumer Discretionary
13.13%
Consumer Staples
5.74%
Health Care
5.51%
Industrials
4.36%
Other
4.32%
Materials
1.45%
Utilities
1.33%
Energy
0.56%
Financials
0.51%
Real Estate
0.19%

FAQ's for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG)

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