What is VanEck Gold Miners ETF's Shariah compliance score?

VanEck Gold Miners ETF (GDX) has a Shariah compliance score of 78/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does VanEck Gold Miners ETF pass AAOIFI screening?

VanEck Gold Miners ETF (GDX) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (GDX: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for VanEck Gold Miners ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for VanEck Gold Miners ETF (GDX) using the latest financial data.

Where can I screen VanEck Gold Miners ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for VanEck Gold Miners ETF (GDX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GDX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GDX: Is VanEck Gold Miners ETF Halal?

VanEck Gold Miners ETF

AMEXFinancial ServicesUS

$88.27

-2.96%

Market Cap: 27.0B

Compliance Status

Halal

Screened on Aug 14, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is VanEck Gold Miners ETF (GDX) halal? Halal. Based on AAOIFI screening, VanEck Gold Miners ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

Basket rule

Well clear of the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

1.6% of 5.0% limit

78% of the basket's holdings were screened individually.

About VanEck Gold Miners ETF

The VanEck Gold Miners ETF (GDX) aims to closely track the total return of the MarketVector Global Gold Miners Index (MVGDXTR), mirroring both its price changes and any income generated. This objective is pursued prior to the deduction of any fees or operational expenses. The MVGDXTR index itself serves as a benchmark for the collective performance of companies engaged in the worldwide gold mining industry.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 14, 2026

Basket Composition

78% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

77%

21%

Halal77%

Doubtful0%

Not Halal2%

Unknown21%

Top Holdings

AEMAgnico Eagle Mines LtdHalal12.08%NEMNewmont CorpHalal10.77%BBarrick Mining CorpHalal7.63%FNVFranco-Nevada CorpHalal5.16%AUAnglogold Ashanti PlcHalal5.09%WPMWheaton Precious Metals CorpHalal4.89%KGCKinross Gold CorpHalal4.68%GFIGold Fields LtdHalal4.48%PAASPan American Silver CorpHalal3.19%Northern Star Resources LtdUnknown2.59%

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your GDX Dividends

1.3% non-compliant income

GDX has 1.3% prohibited income. Calculate exactly how much of your dividends to donate.

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Frequently Asked Questions

Is VanEck Gold Miners ETF (GDX) halal to invest in?

Based on AAOIFI Standard 21 screening, VanEck Gold Miners ETF (GDX) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did VanEck Gold Miners ETF get a B+ compliance rating?

VanEck Gold Miners ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change VanEck Gold Miners ETF's Shariah verdict?

VanEck Gold Miners ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is VanEck Gold Miners ETF re-screened for Shariah compliance?

VanEck Gold Miners ETF (GDX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.