SDY: Is State Street SPDR S&P Dividend ETF Halal?
State Street SPDR S&P Dividend ETF
$148.59
Market Cap: 20.5B
Compliance Status
Not Halal
Screened on Sep 26, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is State Street SPDR S&P Dividend ETF (SDY) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, State Street SPDR S&P Dividend ETF has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates State Street SPDR S&P Dividend ETF (SDY) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/SDY
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
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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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SDY is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (40.3%)
Basket Composition
98% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Jun 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.