DRIV
Global X Autonomous & EV ETF
Is DRIV Halal?
EV and autonomous vehicles — clean tech is permissible.
What You Should Know
DRIV holds companies in EV and autonomous-driving technology. Global X reported information technology at 42.2%, consumer discretionary at 23.9% and materials at 14.0% on 31 May 2026; the fund is not Sharia-screened.
⚠️ Concerns
- •Not Sharia-screened
- •Some auto manufacturers with financial arms
- •Battery and materials issuers require review
Current quantitative Sharia screen
Based on Issuer product page and holdings report figures for the period ended 2026-06-04; calculated 2026-07-14.
0 / 480.84
0 / 480.84
0 / 480.84
- Financial
- Incomplete
- Overall
- Incomplete
Reported fund-level proxy ratios are below the examined asset limits, but a comparable prohibited-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
The available fund-level proxy ratios are below the examined MSCI asset limits; the underlying portfolio has no universal prohibited-income classification.
- Financial
- Pass
- Overall
- Incomplete
The available fund-level proxy ratios are below the examined Malaysia limits; look-through activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and fund-level prohibited-income convention are not stored.
Business-activity disclosure
DRIV is an autonomous-vehicle and electric-vehicle thematic pass-through ETF. The core transportation and technology theme is generally permissible, but the fund is not Sharia-screened and includes automakers and suppliers with mixed financing activities.
Limitation: The issuer discloses theme, holdings and sector exposure but no universal prohibited-revenue allocation across every underlying issuer.
Purification
DRIV passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.
Inputs, assumptions and primary sources
- Global X reported USD 480.84 million in net assets as of 4 June 2026.
- The issuer reported 75 holdings and sector exposure of information technology 42.2%, consumer discretionary 23.9%, industrials 16.3%, materials 14.0% and communication services 3.6%; top holdings included Intel, Qualcomm, Nvidia, Alphabet and Tesla.
- The issuer page does not provide a school-neutral prohibited-revenue allocation or fund-level debt, cash and receivable lines; zeroes mean not separately reported, not that every underlying issuer has zero exposure.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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