What is Neos S&P 500(R) High Income ETF's Shariah compliance score?

Neos S&P 500(R) High Income ETF's (SPYI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Neos S&P 500(R) High Income ETF pass AAOIFI screening?

Neos S&P 500(R) High Income ETF (SPYI) 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% (SPYI: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Neos S&P 500(R) High Income 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 Neos S&P 500(R) High Income ETF (SPYI) using the latest financial data.

Where can I screen Neos S&P 500(R) High Income ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Neos S&P 500(R) High Income ETF (SPYI) and 10,000+ 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 SPYI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPYI: Is Neos S&P 500(R) High Income ETF Halal?

Neos S&P 500(R) High Income ETF

CBOEFinancial ServicesUS

$53.46

+0.28%

Market Cap: 10.5B

Compliance Status

Not Halal

Screened on Aug 23, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Basket rule

Over the limit

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

21.6% of 5.0% limit

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

About Neos S&P 500(R) High Income ETF

The NEOS S&P 500 High Income ETF seeks high monthly income in a tax efficient manner, with the potential for upside appreciation in rising markets.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 23, 2026

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% (21.6%)

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.

74%

22%

Halal74%

Doubtful2%

Not Halal22%

Unknown2%

Top Holdings

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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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

IPCXA+

Inflection Point Acquisition Corp. III

$8.69

-12.58%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.28

+0.10%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

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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 Neos S&P 500(R) High Income ETF (SPYI) halal to invest in?

Neos S&P 500(R) High Income ETF (SPYI) 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 Neos S&P 500(R) High Income ETF get a F compliance rating?

Neos S&P 500(R) High Income 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 Neos S&P 500(R) High Income ETF's Shariah verdict?

Neos S&P 500(R) High Income 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 Neos S&P 500(R) High Income ETF re-screened for Shariah compliance?

Neos S&P 500(R) High Income ETF (SPYI) 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: Aug 23, 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.