SPYM: Is State Street SPDR Portfolio S&P 500 ETF Halal?
State Street SPDR Portfolio S&P 500 ETF
$90.60
Market Cap: 160.0B
Compliance Status
Not Halal
Screened on Sep 30, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is State Street SPDR Portfolio S&P 500 ETF (SPYM) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, State Street SPDR Portfolio S&P 500 ETF has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
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HalalScreener rates State Street SPDR Portfolio S&P 500 ETF (SPYM) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 30, 2026. Source: https://halalscreener.app/en/stock/SPYM
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
98% of the basket's holdings were screened individually.
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About State Street SPDR Portfolio S&P 500 ETF
The State Street SPDR Portfolio S&P 500 ETF (SPYM) is designed to generate investment returns that broadly align with the total performance of the S&P 500 Index, before any charges or operating costs. This economical exchange-traded fund offers comprehensive and targeted access to the prominent large-cap sector of the American stock market. The underlying S&P 500 Index itself captures approximately four-fifths of the entire U.S. market capitalization. It is a cornerstone offering within the affordable State Street SPDR Portfolio family, a collection of essential investment vehicles crafted to provide extensive, diversified exposure across fundamental asset categories.
Sector: Financial Services · Industry: Asset Management - Global
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why SPYM is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (20.1%)
Basket Composition
98% 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.
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 Sep 2026.
No status changes recorded since we began tracking.
Tracked since Sep 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.