Is SGI Enhanced Core ETF halal to invest in?

As of September 2026, SGI Enhanced Core ETF USDX 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 SGI Enhanced Core 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 SGI Enhanced Core ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SGI Enhanced Core ETF updated?

The Shariah compliance status of SGI Enhanced Core 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 SGI Enhanced Core 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 SGI Enhanced Core ETF?

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

SGI Enhanced Core ETF USDX

USDX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SGI Enhanced Core ETF is classified as not halal.

NOT HALAL

Is SGI Enhanced Core ETF Halal?

Shariah Compliance Analysis of USDX ETF

US Fixed Income Broad Credit

No. As of September 2026, SGI Enhanced Core ETF (USDX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SGI Enhanced Core ETF does not pass Musaffa's business and financial screening criteria.

USDX was created on 2024-02-29 by Summit Global Investments. The fund's investment portfolio concentrates primarily on broad credit fixed income. USDX enhanced yield by actively managing a portfolio of high-yielding, ultra-short term fixed income instruments, while also employing a put-and-call options strategy. The fund seeks to generate additional income by selling short-term options.

SGI Enhanced Core ETF (USDX) Chart

Key Statistics of SGI Enhanced Core ETF (USDX)

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FAQ's for SGI Enhanced Core ETF (USDX)

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