Is Global X S&P 500 ESG Covered Call ETF halal to invest in?

As of September 2026, Global X S&P 500 ESG Covered Call ETF XYLE 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 ESG Covered Call 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 ESG Covered Call ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Global X S&P 500 ESG Covered Call ETF updated?

The Shariah compliance status of Global X S&P 500 ESG Covered Call 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 ESG Covered Call 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 ESG Covered Call ETF?

You can check the latest Shariah compliance status of Global X S&P 500 ESG Covered Call 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 ESG Covered Call ETF XYLE

XYLE Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of XYLE ETF

US Equity Large Cap

No. As of September 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. Global X S&P 500 ESG Covered Call ETF does not pass Musaffa's business and financial screening criteria.

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.

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

Key Statistics of Global X S&P 500 ESG Covered Call ETF (XYLE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
33.85%
Financials
13.89%
Health Care
11.97%
Industrials
7.71%
Consumer Discretionary
7.16%
Consumer Staples
6.40%
Communication Services
4.62%
Other
4.29%
Energy
4.06%
Materials
2.41%
Real Estate
2.37%
Utilities
1.27%

FAQ's for Global X S&P 500 ESG Covered Call ETF (XYLE)

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