What is SP Funds S&P World (ex-US) ETF's Shariah compliance score?

SP Funds S&P World (ex-US) ETF's (SPWO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does SP Funds S&P World (ex-US) ETF pass AAOIFI screening?

SP Funds S&P World (ex-US) ETF (SPWO) 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% (SPWO: 0.0%), (3) interest-bearing deposits below 30% (SPWO: 0.0%), and (4) prohibited income below 5% (SPWO: 1.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for SP Funds S&P World (ex-US) ETF stock?

SP Funds S&P World (ex-US) ETF (SPWO) has a non-permissible income ratio of 1.22%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SPWO 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 SP Funds S&P World (ex-US) ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SP Funds S&P World (ex-US) ETF (SPWO) 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 SPWO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is SP Funds S&P World (ex-US) ETF (SPWO) halal? Not Halal. Based on AAOIFI screening, SP Funds S&P World (ex-US) ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

SPWO: Is SP Funds S&P World (ex-US) ETF Halal?

Not Halal

SP Funds S&P World (ex-US) ETF

AMEXFinancial ServicesUS

$33.58

+3.61%

About SP Funds S&P World (ex-US) ETF

This ETF tracks the Shariah World Index, an benchmark comprising businesses located in developed and emerging international markets, specifically outside of the United States. These companies are meticulously evaluated through a rules-based process to ensure their compliance with Shariah investment principles. To promote a balanced allocation and diversification among its constituents, the index applies a weighting cap to individual companies. However, the fund itself is categorized as non-diversified.

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 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% (7.8%)

Basket Composition

62% 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%

38%

Halal51%

Doubtful3%

Haram8%

Unknown38%

Top Holdings

TSMTSMChalal16.30%BABAAlibaba Group Holding Ltdharam5.05%ASMLASML Holding NVhalal3.08%SSNLFSamsung Electronics Co Ltdhalal3.05%SK hynix Incunknown1.90%RHHBYRoche Holding AGhalal1.77%AZNAstraZeneca PLChalal1.59%NVSNovartis AGhalal1.56%NSRGYNestle SAdoubtful1.36%SAPSAP SEdoubtful1.14%

Screened: Jun 11, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

92.8M

Price

$33.58

Sector

Financial Services

Industry

Asset Management - Global

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

$386.32

+0.17%

SLVA+

iShares Silver Trust

$60.82

+0.47%

ABA+

AllianceBernstein Holding L.P.

$38.06

-0.30%

IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

B+

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is SP Funds S&P World (ex-US) ETF (SPWO) halal to invest in?

SP Funds S&P World (ex-US) ETF (SPWO) 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 SP Funds S&P World (ex-US) ETF get a F compliance rating?

SP Funds S&P World (ex-US) 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 SP Funds S&P World (ex-US) ETF's Shariah verdict?

SP Funds S&P World (ex-US) 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 SP Funds S&P World (ex-US) ETF re-screened for Shariah compliance?

SP Funds S&P World (ex-US) ETF (SPWO) 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 11, 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.