SGOL
Aberdeen Standard Physical Gold ETF
Is SGOL Halal?
Physical gold ETF — stored in Swiss vaults.
What You Should Know
SGOL's December 31, 2025 trust report shows $7.334 billion of gold and no separately reported cash, receivables or interest-bearing securities. Gold ownership can be permissible, but custody, constructive possession and redemption mechanics still need scholar-specific review.
⚠️ Concerns
- •Allocated bullion custody and qabd require scholar review
- •Different schools may treat exchange-traded trust interests differently
Current quantitative Sharia screen
Based on Form 10-K/A figures for the period ended 2025-12-31; calculated 2026-07-14.
0 / 7,333.647
0 / 7,333.647
0 / 7,333.647
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are 0.00%; a comparable operating-income numerator is unavailable for this physical-gold trust.
- Financial
- Pass
- Overall
- Incomplete
Reported debt, liquidity and receivables-plus-cash are below the examined MSCI total-assets limits, but possession and settlement analysis remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Reported debt and liquidity ratios are below the examined Malaysia limits; the trust's physical-gold contract mechanics require separate qualitative review.
- Financial
- Not calculated
- Overall
- Incomplete
A market-cap denominator is not meaningful for this physical-gold trust and no licensed historical series is stored.
Business-activity disclosure
The trust's disclosed asset is physical gold, an asset that can be permissible when ownership, possession and settlement conditions are satisfied. The filing does not establish a school-neutral conclusion on qabd, custody and redemption mechanics.
Limitation: The trust filing does not provide a universal scholar-approved conclusion on constructive possession or every redemption path.
Purification
No prohibited operating-income stream or scholar-approved purification percentage is disclosed; ZakatInvest does not infer one.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from SGOL's December 31, 2025 statement of assets and liabilities.
- The trust reports $7,333.647 million of investment in gold and no separately reported cash, receivables, interest-bearing securities or debt.
- SGOL is a physical-gold trust rather than an operating company; the filing does not disclose operating revenue or a universal prohibited-income numerator.
- Physical-gold possession, allocation and settlement remain school- and scholar-sensitive questions that cannot be resolved from a balance sheet alone.
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.
Similar ETFs
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →