Is Global X S&P 500 Risk Managed Income ETF halal to invest in?

As of September 2026, Global X S&P 500 Risk Managed Income ETF XRMI 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 S&P 500 Risk Managed Income 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 S&P 500 Risk Managed Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X S&P 500 Risk Managed Income ETF updated?

The Shariah compliance status of Global X S&P 500 Risk Managed Income 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 S&P 500 Risk Managed Income 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 S&P 500 Risk Managed Income ETF?

You can check the latest Shariah compliance status of Global X S&P 500 Risk Managed Income ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Global X S&P 500 Risk Managed Income ETF XRMI

XRMI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Global X S&P 500 Risk Managed Income ETF is classified as not halal.

NOT HALAL

Is Global X S&P 500 Risk Managed Income ETF Halal?

Shariah Compliance Analysis of XRMI ETF

US Equity Large Cap

No. As of September 2026, Global X S&P 500 Risk Managed Income ETF (XRMI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Global X S&P 500 Risk Managed Income ETF does not pass Musaffa's business and financial screening criteria.

XRMI was created on 2021-08-25 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 44.28m in AUM and 505 holdings. XRMI tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.

Global X S&P 500 Risk Managed Income ETF (XRMI) Chart

Key Statistics of Global X S&P 500 Risk Managed Income ETF (XRMI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
30.14%
Health Care
11.57%
Financials
11.03%
Consumer Discretionary
9.77%
Industrials
8.25%
Communication Services
6.95%
Other
6.47%
Consumer Staples
5.74%
Energy
3.28%
Utilities
2.35%
Real Estate
2.30%
Materials
2.15%

FAQ's for Global X S&P 500 Risk Managed Income ETF (XRMI)

As of September 2026, Global X S&P 500 Risk Managed Income ETF XRMI 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 S&P 500 Risk Managed Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of Global X S&P 500 Risk Managed Income 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 S&P 500 Risk Managed Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.