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Global X S&P 500 ESG Covered Call ETF XYLE

Is Global X S&P 500 ESG Covered Call ETF Halal?

Shariah Compliance Analysis of XYLE ETF

No. As of October 2026, Global X S&P 500 ESG Covered Call ETF (XYLE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

XYLE was created on 2023-02-22 by Global X. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 2.56m in AUM and 315 holdings. XYLE tracks an index that provides exposure to US large-cap companies that are screened for positive ESG characteristics combined with a covered call option strategy. Components of the index are market-cap weighted, adjusting for ESG rating score.

XYLE Shariah Compliance

As of October 2026, Global X S&P 500 ESG Covered Call ETF is classified as not halal.

NOT HALAL

Global X S&P 500 ESG Covered Call ETF (XYLE) Chart

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