Does State Street Technology Select Sector SPDR ETF pass AAOIFI screening?

State Street Technology Select Sector SPDR ETF (XLK) passes 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% (XLK: 0.0%), (3) interest-bearing deposits below 30% (XLK: 0.0%), and (4) prohibited income below 5% (XLK: 1.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for State Street Technology Select Sector SPDR ETF stock?

State Street Technology Select Sector SPDR ETF (XLK) has a non-permissible income ratio of 1.19%. Muslim investors should purify this percentage of any dividends received and capital gains realized from XLK shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen State Street Technology Select Sector SPDR ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street Technology Select Sector SPDR ETF (XLK) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about XLK's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

XLK: Is State Street Technology Select Sector SPDR ETF Halal?

State Street Technology Select Sector SPDR ETF

AMEXETFUS

$175.59

-0.56%

Market Cap: 95.5B

Compliance Status

Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Very Good

86Score

Is State Street Technology Select Sector SPDR ETF (XLK) halal? Halal. Based on AAOIFI screening, State Street Technology Select Sector SPDR ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 86/100 (Grade: A).

Basket rule

Close to the limit

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

4.1% of 5.0% limit

100% of the basket's holdings were screened individually.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Basket Composition

100% 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.

92%

Halal92%

Doubtful4%

Not Halal4%

Unknown0%

Top Holdings

NVDANVIDIA CorpHalal15.50%AAPLApple IncHalal13.63%MSFTMicrosoft CorpHalal10.05%AVGOBroadcom IncHalal5.37%MUMicron Technology IncHalal3.39%PLTRPalantir Technologies IncNot Halal2.98%AMDAdvanced Micro Devices IncHalal2.95%CSCOCisco Systems IncHalal2.73%AMATApplied Materials IncHalal2.42%LRCXLam Research CorpHalal2.38%

Compliance History

Halalnow
since Jun 2026
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

Purify Your XLK Dividends

1.2% non-compliant income

XLK has 1.2% prohibited income. Calculate exactly how much of your dividends to donate.

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Frequently Asked Questions

Is State Street Technology Select Sector SPDR ETF (XLK) halal to invest in?

Based on AAOIFI Standard 21 screening, State Street Technology Select Sector SPDR ETF (XLK) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did State Street Technology Select Sector SPDR ETF get a A compliance rating?

State Street Technology Select Sector SPDR 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 Technology Select Sector SPDR ETF's Shariah verdict?

State Street Technology Select Sector SPDR 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 Technology Select Sector SPDR ETF re-screened for Shariah compliance?

State Street Technology Select Sector SPDR ETF (XLK) 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: Jul 19, 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.