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

State Street SPDR Portfolio S&P 500 ETF's (SPYM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does State Street SPDR Portfolio S&P 500 ETF pass AAOIFI screening?

State Street SPDR Portfolio S&P 500 ETF (SPYM) 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% (SPYM: 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 State Street SPDR Portfolio S&P 500 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 State Street SPDR Portfolio S&P 500 ETF (SPYM) using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street SPDR Portfolio S&P 500 ETF (SPYM) 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 SPYM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPYM: Is State Street SPDR Portfolio S&P 500 ETF Halal?

State Street SPDR Portfolio S&P 500 ETF

AMEXFinancial ServicesUS

$91.56

+0.68%

Market Cap: 161.7B

Compliance Status

Not Halal

Screened on Aug 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is State Street SPDR Portfolio S&P 500 ETF (SPYM) halal? Not Halal. Based on AAOIFI screening, State Street SPDR Portfolio S&P 500 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.

22.8% of 5.0% limit

99% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Aug 15, 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% (22.8%)

Basket Composition

99% 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.

75%

23%

Halal75%

Doubtful1%

Not Halal23%

Unknown1%

Top Holdings

NVDANVIDIA CorpHalal7.57%AAPLApple IncHalal6.66%MSFTMicrosoft CorpHalal4.91%AMZNAmazon.com IncHalal3.64%GOOGLAlphabet IncHalal2.99%AVGOBroadcom IncHalal2.62%GOOGLAlphabet IncHalal2.40%METAMeta Platforms IncHalal2.24%TSLATesla IncHalal1.87%BRK-BBerkshire Hathaway IncNot Halal1.57%

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

$401.48

+0.17%

SLVA+

iShares Silver Trust

$58.48

+0.47%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.28

+0.10%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track SPYM and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

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

State Street SPDR Portfolio S&P 500 ETF (SPYM) 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 State Street SPDR Portfolio S&P 500 ETF get a F compliance rating?

State Street SPDR Portfolio S&P 500 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 State Street SPDR Portfolio S&P 500 ETF's Shariah verdict?

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

State Street SPDR Portfolio S&P 500 ETF (SPYM) 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 15, 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.