VanEck Gold Miners ETF (GDX) - Questionable
VanEck Gold Miners ETF (GDX) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- GDX is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About VanEck Gold Miners ETF
The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is a modified capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in the gold and silver mining industry. The fund is non-diversified.
Frequently Asked Questions
Is VanEck Gold Miners ETF (GDX) stock halal to invest in?
According to AAOIFI Shariah screening standards, VanEck Gold Miners ETF (GDX) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does VanEck Gold Miners ETF have any interest income?
Interest income data for VanEck Gold Miners ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if GDX stock is Shariah-compliant?
GDX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is VanEck Gold Miners ETF stock reviewed for Shariah compliance?
VanEck Gold Miners ETF's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.