What is State Street SPDR S&P 500 ETF Trust's Shariah compliance score?

State Street SPDR S&P 500 ETF Trust (SPY) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Does State Street SPDR S&P 500 ETF Trust pass AAOIFI look-through screening?

State Street SPDR S&P 500 ETF Trust (SPY) does not pass AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

How much purification is needed for State Street SPDR S&P 500 ETF Trust?

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 percentage and amount for State Street SPDR S&P 500 ETF Trust (SPY) using the latest financial data.

Where can I screen State Street SPDR S&P 500 ETF Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street SPDR S&P 500 ETF Trust (SPY) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

SPYNot HalalF

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Compliance Status

Not Halal

Screened on Oct 19, 2026 · AAOIFI Standard 21 look-through

Non-Compliant

0Score

Is State Street SPDR S&P 500 ETF Trust (SPY) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, State Street SPDR S&P 500 ETF Trust has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates State Street SPDR S&P 500 ETF Trust (SPY) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 19, 2026. Source: https://halalscreener.app/en/stock/SPY

Basket rule

Over the limit

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

20.2% of 5.0% limit

97% of the basket's holdings were screened individually.

SPY: Is State Street SPDR S&P 500 ETF Trust Halal?

State Street SPDR S&P 500 ETF Trust

AMEXETFUS

$763.25

Market Cap: 814.0B

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Is SPY ETF Halal? S&P 500 ETF Shariah Compliance Analysis

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 19, 2026

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% (20.2%)

Basket Composition

97% 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.

70%

20%

Halal70%

Doubtful6%

Not Halal20%

Unknown4%

Top Holdings

NVDANVIDIA CorpHalal7.52%AAPLApple IncHalal6.59%MSFTMicrosoft CorpHalal4.30%AMZNAmazon.com IncHalal3.62%GOOGLAlphabet IncHalal3.25%AVGOBroadcom IncHalal2.77%GOOGLAlphabet IncHalal2.59%MUMicron Technology IncHalal2.02%METAMeta Platforms IncHalal1.92%TSLATesla IncHalal1.84%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

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.

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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.

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in ETF

This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

IAUA+

iShares Gold Trust

$78.34

XLKA

State Street Technology Select Sector SPDR ETF

$183.47

SMHA

VanEck Semiconductor ETF

$539.79

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QQQ

Invesco QQQ Trust, Series 1

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iShares Core S&P 500 ETF

VOO

Vanguard S&P 500 ETF

VTI

Vanguard Total Stock Market ETF

DIA

State Street SPDR Dow Jones Industrial Average ETF Trust

IWM

iShares Russell 2000 ETF

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Frequently Asked Questions

Is State Street SPDR S&P 500 ETF Trust (SPY) halal to invest in?

State Street SPDR S&P 500 ETF Trust (SPY) is rated Not Halal by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did State Street SPDR S&P 500 ETF Trust get a F compliance rating?

State Street SPDR S&P 500 ETF Trust's grade of F (Non-Compliant) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

What could change State Street SPDR S&P 500 ETF Trust's Shariah verdict?

State Street SPDR S&P 500 ETF Trust'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 State Street SPDR S&P 500 ETF Trust re-screened for Shariah compliance?

State Street SPDR S&P 500 ETF Trust is re-screened as its published holdings change. Last screened: Oct 19, 2026.

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.