Is State Street SPDR S&P 500 ETF T (SPY) halal? Doubtful. Based on AAOIFI screening, State Street SPDR S&P 500 ETF T passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
SPY — Is State Street SPDR S&P 500 ETF T Halal?
DoubtfulState Street SPDR S&P 500 ETF T
$692.12
-0.26%
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Is SPY ETF Halal? S&P 500 ETF Shariah Compliance Analysis
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
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Financial Overview
Market Cap
-
Price
$692.12
Sector
ETF
Industry
Exchange Traded Fund
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Disclaimer: This screening is for informational purposes only and does not constitute financial or religious advice. Compliance status is based on AAOIFI guidelines and publicly available financial data. Individual scholars may have different views. Always consult with a qualified Islamic finance advisor before making investment decisions.