Compliance Status
Not Halal
Screened on Oct 11, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/GLDI
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
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
$141.55
Market Cap: 164.1M
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why GLDI is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Exchange-traded note: an unsecured debt obligation of the issuing bank, not ownership of the index assets
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.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Sep 2026
Under Review
until the change above
Tracked since Sep 2026. Updates automatically on each re-screen.
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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?
Why did UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 get a F compliance rating?
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.