Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) ETF Halal?
Compliance Status
Not Halal
Screened on Oct 31, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Invesco S&P 500 High Dividend Low Volatility 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 Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 31, 2026. Source: https://halalscreener.app/en/stock/SPHD
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
97% of the basket's holdings were screened individually.
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SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
$52.26
Market Cap: 3.4B
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About Invesco S&P 500 High Dividend Low Volatility ETF
The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is designed to replicate the performance of the S&P 500 Low Volatility High Dividend Index. This fund allocates a minimum of 90% of its total capital to the common stocks featured within its benchmark index. Standard & Poor's is responsible for the creation, maintenance, and calculation of this index, which consists of 50 companies selected from the S&P 500 that have historically demonstrated both elevated dividend payouts and minimal price volatility. The holdings of the ETF and the constituent companies of the index are both revised and re-evaluated twice annually, in January and July.
Sector: Financial Services · Industry: Asset Management - Income
Shariah Compliance Status
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (77.5%)
Basket Composition
97% 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 Halal, unchanged since Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 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
Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) halal to invest in?
Why did Invesco S&P 500 High Dividend Low Volatility ETF get a F compliance rating?
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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.