Does State Street Consumer Staples Select Sector SPDR ETF pass AAOIFI screening?

State Street Consumer Staples Select Sector SPDR ETF (XLP) 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% (XLP: 0.0%), (3) interest-bearing deposits below 30% (XLP: 0.0%), and (4) prohibited income below 5% (XLP: 0.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

State Street Consumer Staples Select Sector SPDR ETF (XLP) has a non-permissible income ratio of 0.95%. Muslim investors should purify this percentage of any dividends received and capital gains realized from XLP 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 Consumer Staples Select Sector SPDR ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street Consumer Staples Select Sector SPDR ETF (XLP) 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 XLP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

XLP: Is State Street Consumer Staples Select Sector SPDR ETF Halal?

State Street Consumer Staples Select Sector SPDR ETF

AMEXFinancial ServicesUS

$85.19

-0.24%

Market Cap: 13.6B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is State Street Consumer Staples Select Sector SPDR ETF (XLP) halal? Not Halal. Based on AAOIFI screening, State Street Consumer Staples Select Sector SPDR 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.

54.1% of 5.0% limit

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

About State Street Consumer Staples Select Sector SPDR ETF

The State Street Consumer Staples Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Consumer Staples Select Sector Index (the "Index")The Index seeks to provide an effective representation of the consumer staples sector of the S&P 500 IndexSeeks to provide precise exposure to companies from consumer staples distribution & retail; household products; food products; beverages; tobacco; and personal care products industries in the U.S.Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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% (54.1%)

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.

45%

54%

Halal45%

Doubtful1%

Not Halal54%

Unknown0%

Top Holdings

WMTWalmart IncNot Halal11.86%COSTCostco Wholesale CorpNot Halal9.63%PGProcter & Gamble Co/TheHalal7.31%KOCoca-Cola Co/TheHalal6.41%PMPhilip Morris International IncNot Halal5.60%MDLZMondelez International IncHalal4.80%PEPPepsiCo IncHalal4.62%MOAltria Group IncNot Halal4.59%CLColgate-Palmolive CoHalal4.38%TGTTarget CorpHalal3.71%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above
Not Halal
until the change above

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

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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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

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Frequently Asked Questions

Is State Street Consumer Staples Select Sector SPDR ETF (XLP) halal to invest in?

State Street Consumer Staples Select Sector SPDR ETF (XLP) 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 Consumer Staples Select Sector SPDR ETF get a F compliance rating?

State Street Consumer Staples 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 Consumer Staples Select Sector SPDR ETF's Shariah verdict?

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

State Street Consumer Staples Select Sector SPDR ETF (XLP) 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 18, 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.