SPY — SPDR S&P 500 ETF Trust

Tracks the S&P 500 with no Sharia screening applied.

Why?

SPY tracks the S&P 500 index without any Sharia screening. It holds conventional banks, insurers, and alcohol companies alongside compliant businesses, so the fund as a whole is not Sharia-compliant even though some individual holdings are.

How this was screened

Primary basis: Fund's own stated mandate.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.