Is Global X Defense Tech ETF halal to invest in?

As of September 2026, Global X Defense Tech ETF SHLD 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 Defense Tech 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 Defense Tech ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Defense Tech ETF updated?

The Shariah compliance status of Global X Defense Tech 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 Defense Tech 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 Defense Tech ETF?

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

Global X Defense Tech ETF SHLD

SHLD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Defense Tech ETF is classified as not halal.

NOT HALAL

Is Global X Defense Tech ETF Halal?

Shariah Compliance Analysis of SHLD ETF

US Equity Industrials

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

SHLD was created on 2023-09-11 by Global X. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 5103.35m in AUM and 50 holdings. SHLD tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending.

Global X Defense Tech ETF (SHLD) Chart

Key Statistics of Global X Defense Tech ETF (SHLD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
91.24%
Information Technology
8.62%
Other
0.14%
Consumer Discretionary
0.00%

FAQ's for Global X Defense Tech ETF (SHLD)

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