Is Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A 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 Equal Weight U.S. Groceries & Staples Index ETF Trust Units A using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A updated?

The Shariah compliance status of Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A?

You can check the latest Shariah compliance status of Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A UMRT.TO

Is Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A Halal?

Q: Can a halal ETF like Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A 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.

Shariah Compliance Analysis of UMRT.TO ETF

No. As of October 2026, Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A (UMRT.TO) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology.

UMRT.TO was created on 2025-04-30 by Global X. The fund's investment portfolio concentrates primarily on consumer staples equity. The fund is passively managed, investing in a portfolio of the largest food and staples retailers in the US. Securities of the fund are equally weighted.

UMRT.TO Shariah Compliance

As of October 2026, Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A is classified as doubtful.

DOUBTFUL

Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A (UMRT.TO) Chart

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