Is iShares S&P/TSX Global Gold Index ETF halal to invest in?

As of September 2026, iShares S&P/TSX Global Gold Index ETF XGD.TO 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 iShares S&P/TSX Global Gold Index 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 iShares S&P/TSX Global Gold Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for iShares S&P/TSX Global Gold Index ETF updated?

The Shariah compliance status of iShares S&P/TSX Global Gold Index 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 iShares S&P/TSX Global Gold Index 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 iShares S&P/TSX Global Gold Index ETF?

You can check the latest Shariah compliance status of iShares S&P/TSX Global Gold Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

iShares S&P/TSX Global Gold Index ETF XGD.TO

XGD.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, iShares S&P/TSX Global Gold Index ETF is classified as not halal.

NOT HALAL

Is iShares S&P/TSX Global Gold Index ETF Halal?

Shariah Compliance Analysis of XGD.TO ETF

CA Equity Materials

No. As of September 2026, iShares S&P/TSX Global Gold Index ETF (XGD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. iShares S&P/TSX Global Gold Index ETF does not pass Musaffa's business and financial screening criteria.

XGD.TO was created on 2001-03-23 by iShares. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 4999.41m in AUM and 68 holdings. The fund tracks a market-cap-weighted index of global securities involved in the exploration and production of gold.

iShares S&P/TSX Global Gold Index ETF (XGD.TO) Chart

Key Statistics of iShares S&P/TSX Global Gold Index ETF (XGD.TO)

Today's Open

AUM

Avg. Volume

Expense Ratio

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FAQ's for iShares S&P/TSX Global Gold Index ETF (XGD.TO)

As of September 2026, iShares S&P/TSX Global Gold Index ETF XGD.TO 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 iShares S&P/TSX Global Gold Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of iShares S&P/TSX Global Gold Index 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 iShares S&P/TSX Global Gold Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.