Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A UMRT.TO
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UMRT.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A is classified as doubtful.
DOUBTFUL
Is Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A Halal?
Shariah Compliance Analysis of UMRT.TO ETF
CA Equity Consumer Staples No. As of September 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. Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A does not fully pass Musaffa's business and financial screening criteria.
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.
Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A (UMRT.TO) Chart
Key Statistics of Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A (UMRT.TO)
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-FAQ's for Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A (UMRT.TO)
- As of September 2026, Global X Equal Weight U.S. Groceries & Staples Index ETF Trust Units A UMRT.TO is classified as doubtful 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 Equal Weight U.S. Groceries & Staples Index ETF Trust Units A using these criteria to determine its compliance status.
- 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.
- 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 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.