What is State Street SPDR S&P Dividend ETF's Shariah compliance score?

State Street SPDR S&P Dividend ETF's (SDY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does State Street SPDR S&P Dividend ETF pass AAOIFI screening?

State Street SPDR S&P Dividend ETF (SDY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SDY: 0.0%), (3) interest-bearing deposits below 30% (SDY: 0.0%), and (4) prohibited income below 5% (SDY: 10.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for State Street SPDR S&P Dividend ETF stock?

State Street SPDR S&P Dividend ETF (SDY) has a non-permissible income ratio of 10.26%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SDY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen State Street SPDR S&P Dividend ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street SPDR S&P Dividend ETF (SDY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SDY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is State Street SPDR S&P Dividend ETF (SDY) halal? Not Halal. Based on AAOIFI screening, State Street SPDR S&P Dividend ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

SDY: Is State Street SPDR S&P Dividend ETF Halal?

Not Halal

State Street SPDR S&P Dividend ETF

AMEXFinancial ServicesUS

$152.66

+0.83%

About State Street SPDR S&P Dividend ETF

This fund aims to replicate, before its operational costs, the overall investment performance of the S&P High Yield Dividend AristocratsTM Index. The index specifically targets corporations that have demonstrated an unbroken track record of dividend increases over two decades or more, subsequently assigning weight to these holdings based on their current dividend yield. This stringent requirement for a prolonged history of rising dividends ensures that the index constituents offer a blend of potential capital appreciation and reliable income, rather than being purely high-yielding investments.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 23, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (41.9%)

Basket Composition

98% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

51%

42%

Halal51%

Doubtful5%

Haram42%

Unknown2%

Top Holdings

VZVerizon Communications Incharam3.69%ORealty Income Corpharam2.42%CVXChevron Corphalal2.37%TGTTarget Corphalal2.27%XOMExxon Mobil Corphalal1.85%PEPPepsiCo Inchalal1.78%WECWEC Energy Group Incharam1.62%EDConsolidated Edison Incharam1.59%KVUEKenvue Inchalal1.57%SOSouthern Co/Theharam1.56%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 23, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

21.2B

Price

$152.66

Sector

Financial Services

Industry

Asset Management - Income

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$369.46

+0.17%

SLVA+

iShares Silver Trust

$52.36

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track SDY and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is State Street SPDR S&P Dividend ETF (SDY) halal to invest in?

State Street SPDR S&P Dividend ETF (SDY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did State Street SPDR S&P Dividend ETF get a F compliance rating?

State Street SPDR S&P Dividend ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change State Street SPDR S&P Dividend ETF's Shariah verdict?

State Street SPDR S&P Dividend ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is State Street SPDR S&P Dividend ETF re-screened for Shariah compliance?

State Street SPDR S&P Dividend ETF (SDY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 23, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.