As of July 2026, State Street SPDR S&P 500 ETF is classified as not halal.
NOT HALAL
State Street SPDR S&P 500 ETF. Analysis SPY
US Equity Large Cap
SPY was created on 1993-01-22 by SPDR. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 709679.78m in AUM and 504 holdings. SPY tracks a market cap-weighted index of US large- and mid-cap stocks selected by the S&P Committee.
Key Statistics of State Street SPDR S&P 500 ETF (SPY)
Today's Open
-
AUM
$713.95B
Avg. Volume
-
Expense Ratio
-
P/E Ratio
27.77
P/B Ratio
5.41
FAQ's for State Street SPDR S&P 500 ETF (SPY)
As of July 2026, State Street SPDR S&P 500 ETF SPY is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes State Street SPDR S&P 500 ETF using these criteria to determine its compliance status.
The Shariah compliance status of State Street SPDR S&P 500 ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of State Street SPDR S&P 500 ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
US Equity Large Cap 
