What is Global X - U.S. Infrastructure Development ETF's Shariah compliance score?

Global X - U.S. Infrastructure Development ETF's (PAVE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Global X - U.S. Infrastructure Development ETF pass AAOIFI screening?

Global X - U.S. Infrastructure Development ETF (PAVE) 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% (PAVE: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 8,200+ stocks at halalscreener.app.

How much purification is needed for Global X - U.S. Infrastructure Development 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 Global X - U.S. Infrastructure Development ETF (PAVE) using the latest financial data.

Where can I screen Global X - U.S. Infrastructure Development ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Global X - U.S. Infrastructure Development ETF (PAVE) and 7,100+ 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 PAVE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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PAVE: Is Global X - U.S. Infrastructure Development ETF Halal?

Global X - U.S. Infrastructure Development ETF

CBOEFinancial ServicesUS

$54.08

Price as of Sep 14, 2026

Market Cap: 14.0B

Compliance Status

Not Halal

Screened on Sep 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Global X - U.S. Infrastructure Development ETF (PAVE) halal? Not Halal. Based on AAOIFI screening, Global X - U.S. Infrastructure Development ETF has involvement in prohibited business activities 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 Sep 14, 2026. Source: https://halalscreener.app/en/stock/PAVE

Basket rule

Over the limit

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

13.0% of 5.0% limit

92% of the basket's holdings were screened individually.

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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

AAOIFI Standard 21Updated Sep 14, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

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AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why PAVE is rated Not Halal with institutional-grade analysis

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (13.0%)

Basket Composition

92% 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.

78%

13%

Halal78%

Doubtful1%

Not Halal13%

Unknown8%

Top Holdings

PWRQUANTA SERVICES, INC.Halal4.18%CSXCSX CorporationHalal3.48%EATON CORPORATION PUBLIC LIMITED COMPANYUnknown3.30%HWMHOWMET AEROSPACE INC.Halal3.27%TTTRANE TECHNOLOGIES PLCHalal3.18%UNPUNION PACIFIC CORPORATIONHalal3.12%NUENUCOR CORPORATIONHalal3.10%ROKROCKWELL AUTOMATION, INC.Halal2.92%NSCNORFOLK SOUTHERN CORPORATIONHalal2.90%URIUNITED RENTALS, INC.Halal2.87%

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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PSLVA+

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CEFA+

Sprott Physical Gold and Silver Trust

$43.10

+4.44%

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Frequently Asked Questions

Is Global X - U.S. Infrastructure Development ETF (PAVE) halal to invest in?

Global X - U.S. Infrastructure Development ETF (PAVE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Global X - U.S. Infrastructure Development ETF get a F compliance rating?

Global X - U.S. Infrastructure Development 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 Global X - U.S. Infrastructure Development ETF's Shariah verdict?

Global X - U.S. Infrastructure Development 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 Global X - U.S. Infrastructure Development ETF re-screened for Shariah compliance?

Global X - U.S. Infrastructure Development ETF (PAVE) 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 14, 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.