Does UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 pass AAOIFI screening?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) does not pass 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% (GLDI: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 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 UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) using the latest financial data.

GLDI: Is UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 Halal?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033

NASDAQFinancial ServicesUS

$152.08

+0.33%

Market Cap: 176.3M

About UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033

This index aims to replicate the returns of a "covered call" investment strategy applied to the shares of the SPDR Gold Trust (GLD). Its value reflects the price movements of the underlying GLD shares, combined with the theoretical income generated from selling monthly call options on those shares, all while accounting for simulated trading expenses inherent to such a strategy.

Sector: Financial Services · Industry: Asset Management - Leveraged

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Basket Composition

0% 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.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) halal to invest in?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 get a C+ compliance rating?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033'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 UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033's Shariah verdict?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033'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 UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 re-screened for Shariah compliance?

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) 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 26, 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.