Is Global X - U.S. Infrastructure Development ETF (PAVE) ETF Halal?
Compliance Status
Not Halal
Screened on Oct 28, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Global X - U.S. Infrastructure Development ETF (PAVE) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Global X - U.S. Infrastructure Development ETF 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 Global X - U.S. Infrastructure Development ETF (PAVE) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 28, 2026. Source: https://halalscreener.app/en/stock/PAVE
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
88% of the basket's holdings were screened individually.
Share this verdict
A receipt-style image with the math on it, so whoever you send it to can check it.
PAVE
Global X - U.S. Infrastructure Development ETF
$54.67
Market Cap: 14.2B
Get an email if PAVE's halal status changes
We re-screen Global X - U.S. Infrastructure Development ETF daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
About Global X - U.S. Infrastructure Development ETF
The Global X U.S. Infrastructure Development ETF, known by its ticker PAVE, aims to deliver investment returns that closely mirror the price movements and income generation of the Indxx U.S. Infrastructure Development Index, before accounting for any associated fees and operational expenses.
Sector: Financial Services · Industry: Asset Management - Global
Shariah Compliance Status
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (15.9%)
Basket Composition
88% 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.
Top 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 Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Financial Services Stocks
Know the day PAVE's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Global X - U.S. Infrastructure Development ETF (PAVE) halal to invest in?
Why did Global X - U.S. Infrastructure Development ETF get a F compliance rating?
What could change Global X - U.S. Infrastructure Development ETF's Shariah verdict?
How often is Global X - U.S. Infrastructure Development ETF re-screened for Shariah compliance?
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.