Does abrdn Physical Precious Metals Basket Shares ETF pass AAOIFI screening?

abrdn Physical Precious Metals Basket Shares ETF (GLTR) 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% (GLTR: 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 abrdn Physical Precious Metals Basket Shares 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 abrdn Physical Precious Metals Basket Shares ETF (GLTR) using the latest financial data.

Where can I screen abrdn Physical Precious Metals Basket Shares ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for abrdn Physical Precious Metals Basket Shares ETF (GLTR) and 5,100+ 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 GLTR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GLTR: Is abrdn Physical Precious Metals Basket Shares ETF Halal?

abrdn Physical Precious Metals Basket Shares ETF

AMEXFinancial ServicesUS

$210.24

+0.11%

Market Cap: 2.3B

About abrdn Physical Precious Metals Basket Shares ETF

The Shares are intended to offer investors an opportunity to participate in the gold, silver, platinum and palladium markets through an investment in securities. The Shares are intended to provide institutional and retail investors with a simple and cost-efficient means, with minimal credit risk, of gaining investment benefits similar to those of holding physical Bullion metals in the proportions held by the Trust.

Sector: Financial Services · Industry: Asset Management

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 abrdn Physical Precious Metals Basket Shares ETF (GLTR) halal to invest in?

abrdn Physical Precious Metals Basket Shares ETF (GLTR) 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 abrdn Physical Precious Metals Basket Shares ETF get a C+ compliance rating?

abrdn Physical Precious Metals Basket Shares 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 abrdn Physical Precious Metals Basket Shares ETF's Shariah verdict?

abrdn Physical Precious Metals Basket Shares 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 abrdn Physical Precious Metals Basket Shares ETF re-screened for Shariah compliance?

abrdn Physical Precious Metals Basket Shares ETF (GLTR) 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.