Compliance Status
Not Halal
Screened on Oct 13, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is State Street Utilities Select Sector SPDR ETF (XLU) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, State Street Utilities Select Sector SPDR 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 Utilities Select Sector SPDR ETF (XLU) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/XLU
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
100% of the basket's holdings were screened individually.
XLU: Is State Street Utilities Select Sector SPDR ETF Halal?
State Street Utilities Select Sector SPDR ETF
$42.21
Market Cap: 24.7B
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About State Street Utilities Select Sector SPDR ETF
The State Street Utilities Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Utilities Select Sector Index (the "Index").The Index seeks to provide an effective representation of the utilities sector of the S&P 500 Index.Seeks to provide precise exposure to companies from the electric utilities; water utilities; multi-utilities, independent power and renewable electricity producers; and gas utility industries.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
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why XLU 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% (94.4%)
Basket Composition
100% 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.
Top 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 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.
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.