What is SPDR Gold MiniShares Trust's Shariah compliance score?

SPDR Gold MiniShares Trust (GLDM) has a Shariah compliance score of 100/100 (Grade: A+, Excellent) 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 SPDR Gold MiniShares Trust pass AAOIFI screening?

SPDR Gold MiniShares Trust (GLDM) 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% (GLDM: 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 SPDR Gold MiniShares Trust 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 SPDR Gold MiniShares Trust (GLDM) using the latest financial data.

Where can I screen SPDR Gold MiniShares Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SPDR Gold MiniShares Trust (GLDM) and 5,100+ other US-listed stocks, ETFs, and 800+ 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 GLDM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GLDMHalalA+

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GLDM: Is SPDR Gold MiniShares Trust Halal?

SPDR Gold MiniShares Trust

AMEXFinancial ServicesUS

$87.36

+1.04%

Market Cap: 30.1B

Compliance Status

Halal

Screened on Sep 10, 2026 · AAOIFI Standard 21

A+

Excellent

100Score

Is SPDR Gold MiniShares Trust (GLDM) halal? Halal. Based on AAOIFI screening, SPDR Gold MiniShares Trust passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 100/100 (Grade: A+).

Quote this verdict

HalalScreener rates SPDR Gold MiniShares Trust (GLDM) Halal, 100/100, grade A+ under AAOIFI Standard 21 look-through, screened Sep 10, 2026. Source: https://halalscreener.app/en/stock/GLDM

Basket rule

Well clear of the limit

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

0.0% of 5.0% limit

100% of the basket's holdings were screened individually.

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About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) aims for its shares (MiniShares) to mirror the price fluctuations of gold bullion, after accounting for the trust's operational expenses. This investment vehicle provides individuals with an accessible and economical way to gain exposure to gold. Many investors will likely find that the combined costs of trading GLDM shares in the secondary market and the trust's recurring fees are lower than the expenditures associated with directly purchasing, selling, storing, and insuring physical gold in a conventional allocated bullion account.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 10, 2026

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AI Compliance Insight

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Institutional-grade Shariah analysis

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Basket Composition

100% 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%

Halal100%

Doubtful0%

Not Halal0%

Unknown0%

PRO DETAIL

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

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

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Frequently Asked Questions

Is SPDR Gold MiniShares Trust (GLDM) halal to invest in?

Based on AAOIFI Standard 21 screening, SPDR Gold MiniShares Trust (GLDM) is rated Halal with a compliance grade of A+ (Excellent). 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 SPDR Gold MiniShares Trust get a A+ compliance rating?

SPDR Gold MiniShares Trust'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 SPDR Gold MiniShares Trust's Shariah verdict?

SPDR Gold MiniShares Trust'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 SPDR Gold MiniShares Trust re-screened for Shariah compliance?

SPDR Gold MiniShares Trust (GLDM) 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: Sep 10, 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.