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Global X Solar ETF RAYS

Is Global X Solar ETF Halal?

Shariah Compliance Analysis of RAYS ETF

No. As of October 2026, Global X Solar ETF (RAYS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

RAYS was created on 2021-09-08 by Global X. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 5.05m in AUM and 48 holdings. RAYS tracks a market-cap-weighted index of global solar energy companies selected based on their revenue generated from solar-related business, and ESG criteria.

RAYS Shariah Compliance

As of October 2026, Global X Solar ETF is classified as not halal.

NOT HALAL

Global X Solar ETF (RAYS) Chart

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