Is Global X Silver Miners ETF halal to invest in?

As of September 2026, Global X Silver Miners ETF SIL 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 Silver 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 Global X Silver Miners ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Silver Miners ETF updated?

The Shariah compliance status of Global X Silver 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 Global X Silver 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 Global X Silver Miners ETF?

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

Global X Silver Miners ETF SIL

SIL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X Silver Miners ETF is classified as not halal.

NOT HALAL

Is Global X Silver Miners ETF Halal?

Shariah Compliance Analysis of SIL ETF

US Equity Materials

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

SIL was created on 2010-04-19 by Global X. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 5097.41m in AUM and 40 holdings. SIL tracks a market-cap-weighted index of companies actively engaged in the silver mining industry

Global X Silver Miners ETF (SIL) Chart

Key Statistics of Global X Silver Miners ETF (SIL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
93.36%
Other
6.64%

FAQ's for Global X Silver Miners ETF (SIL)

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