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Global X Defence Tech Index ETF Trust Units A SHLD.TO

Is Global X Defence Tech Index ETF Trust Units A Halal?

Shariah Compliance Analysis of SHLD.TO ETF

No. As of October 2026, Global X Defence Tech Index ETF Trust Units A (SHLD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SHLD.TO was created on 2025-04-30 by Global X. The fund's investment portfolio concentrates primarily on industrials equity. The fund tracks a modified market-cap weighted index of the top 50 pure-play defence technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defence spending.

SHLD.TO Shariah Compliance

As of October 2026, Global X Defence Tech Index ETF Trust Units A is classified as not halal.

NOT HALAL

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