GDXD
Quality Rating
GDXD is a leveraged ETF focused on gold and silver mining companies, presenting unique challenges for Shariah compliance due to its derivative-based structure and insufficient traditional financial data. While the underlying precious metals sector is generally permissible, the use of leverage introduces elements of gharar and potential riba concerns. The ETF is not included in any major Shariah-compliant indices, leading to a non-compliant overall status despite favorable ratio assumptions from limited data. High ESG risks from mining controversies further impact assessment. Investors should approach with caution and seek personalized Shariah advice.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Derivative-based leverage in ETF structure introducing gharar
- Insufficient financial data for comprehensive screening
- High ESG risks in underlying mining holdings
- Non-inclusion in major Shariah indices
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%