Is SPDR Gold Shares (GLD) halal? Halal. Based on AAOIFI screening, SPDR Gold Shares passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 100/100 (Grade: A+).
GLD โ Is SPDR Gold Shares Halal?
HalalSPDR Gold Shares
$411.27
+0.17%
About SPDR Gold Shares
The investment objective of SPDR Gold Trust (the "Trust") is for the shares to reflect the performance of the price of gold bullion, less the Trust's expensesThe first US traded gold ETF and the first US-listed ETF backed by a physical assetFor many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account
Sector: Financial Services ยท Industry: Asset Management
Shariah Compliance Status
Based on AAOIFI screening standards
Excellent
Exceptionally strong compliance
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Basket Composition
100% of basket screenedETFs 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.
Compliance History
Halalnow
current status
Under Review
until the change above
Halal
until the change above
Tracked since Apr 2026. Updates automatically on each re-screen.
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Financial Overview
Market Cap
148.1B
Price
$411.27
Sector
Financial Services
Industry
Asset Management
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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.