Is Sprott Gold Miners ETF halal to invest in?

As of September 2026, Sprott Gold Miners ETF SGDM 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 Sprott Gold Miners 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 Sprott Gold Miners ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Sprott Gold Miners ETF updated?

The Shariah compliance status of Sprott Gold Miners 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 Sprott Gold Miners 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 Sprott Gold Miners ETF?

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

Sprott Gold Miners ETF SGDM

SGDM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Sprott Gold Miners ETF is classified as not halal.

NOT HALAL

Is Sprott Gold Miners ETF Halal?

Shariah Compliance Analysis of SGDM ETF

US Equity Materials

No. As of September 2026, Sprott Gold Miners ETF (SGDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Sprott Gold Miners ETF does not pass Musaffa's business and financial screening criteria.

SGDM was created on 2014-07-15 by Sprott. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 697.49m in AUM and 42 holdings. SGDM tracks an equity index of gold mining firms. Firms with higher revenue growth, lower debt to equity and higher free cash flow yield receive more weight.

Sprott Gold Miners ETF (SGDM) Chart

Key Statistics of Sprott Gold Miners ETF (SGDM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
98.22%
Other
1.78%

FAQ's for Sprott Gold Miners ETF (SGDM)

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