Does Invesco S&P 500 High Dividend Low Volatility ETF pass AAOIFI screening?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) 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% (SPHD: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 8,200+ stocks at halalscreener.app.

How much purification is needed for Invesco S&P 500 High Dividend Low Volatility ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) using the latest financial data.

Where can I screen Invesco S&P 500 High Dividend Low Volatility ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and 7,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SPHD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPHDNot HalalF

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SPHD: Is Invesco S&P 500 High Dividend Low Volatility ETF Halal?

Invesco S&P 500 High Dividend Low Volatility ETF

AMEXFinancial ServicesUS

$51.41

Price as of Sep 15, 2026

Market Cap: 3.2B

Compliance Status

Not Halal

Screened on Sep 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) halal? Not Halal. Based on AAOIFI screening, Invesco S&P 500 High Dividend Low Volatility ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

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 Sep 15, 2026. Source: https://halalscreener.app/en/stock/SPHD

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

82.2% of 5.0% limit

98% of the basket's holdings were screened individually.

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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

AAOIFI Standard 21Updated Sep 15, 2026

See which ratio caused the failure.

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AI Compliance Insight

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Institutional-grade Shariah analysis

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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% (82.2%)

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.

15%

82%

Halal15%

Doubtful1%

Not Halal82%

Unknown2%

Top Holdings

Invesco Private Prime FundNot Halal3.51%VZVerizon Communications Inc.Not Halal3.31%MOAltria Group, Inc.Not Halal3.28%DOCHealthpeak Properties, Inc.Not Halal3.08%KHCKraft Heinz Co. (The)Not Halal2.88%PFEPfizer Inc.Not Halal2.84%BENFranklin Resources, Inc.Halal2.68%VICIVICI Properties Inc.Not Halal2.54%OKEONEOK, Inc.Not Halal2.53%KIMKimco Realty Corp.Not Halal2.33%

PRO DETAIL

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

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

$394.15

+0.17%

SLVA+

iShares Silver Trust

$57.53

+0.47%

PSLVA+

Sprott Physical Silver Trust

$20.53

+6.23%

PHYSA+

Sprott Physical Gold Trust

$32.22

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.10

+4.44%

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JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) halal to invest in?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) 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 Invesco S&P 500 High Dividend Low Volatility ETF get a F compliance rating?

Invesco S&P 500 High Dividend Low Volatility 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 Invesco S&P 500 High Dividend Low Volatility ETF's Shariah verdict?

Invesco S&P 500 High Dividend Low Volatility 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 Invesco S&P 500 High Dividend Low Volatility ETF re-screened for Shariah compliance?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) 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: Sep 15, 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.