SPWO: Is SP Funds S&P World (ex-US) ETF Halal?
SP Funds S&P World (ex-US) ETF
$32.43
+3.61%
Market Cap: 89.6M
Compliance Status
Not Halal
Screened on Sep 15, 2026 · AAOIFI Standard 21
Non-Compliant
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).
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HalalScreener rates SP Funds S&P World (ex-US) ETF (SPWO) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 15, 2026. Source: https://halalscreener.app/en/stock/SPWO
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
65% of the basket's holdings were screened individually.
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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
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Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (5.2%)
Basket Composition
65% 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 Jun 2026.
No status changes recorded since we began tracking.
Tracked since Jun 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
Is SP Funds S&P World (ex-US) ETF (SPWO) halal to invest in?
Why did SP Funds S&P World (ex-US) ETF get a F compliance rating?
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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.