What is State Street SPDR S&P MIDCAP 400 ETF Trust's Shariah compliance score?

State Street SPDR S&P MIDCAP 400 ETF Trust's (MDY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does State Street SPDR S&P MIDCAP 400 ETF Trust pass AAOIFI screening?

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) 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% (MDY: 0.0%), (3) interest-bearing deposits below 30% (MDY: 0.0%), and (4) prohibited income below 5% (MDY: 48.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for State Street SPDR S&P MIDCAP 400 ETF Trust stock?

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) has a non-permissible income ratio of 48.86%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MDY 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 SPDR S&P MIDCAP 400 ETF Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) 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 MDY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) halal? Not Halal. Based on AAOIFI screening, State Street SPDR S&P MIDCAP 400 ETF Trust has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

MDY: Is State Street SPDR S&P MIDCAP 400 ETF Trust Halal?

Not Halal

State Street SPDR S&P MIDCAP 400 ETF Trust

AMEXFinancial ServicesUS

$685.50

-0.09%

About State Street SPDR S&P MIDCAP 400 ETF Trust

The State Street SPDR S&P MIDCAP 400 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P MidCap 400 Index (the “Index”)

Sector: Financial Services · Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

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% (39.4%)

Basket Composition

94% 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.

48%

39%

Halal48%

Doubtful7%

Haram39%

Unknown6%

Top Holdings

FTITechnipFMC PLChalal0.87%CASYCasey'S General Stores Inc.haram0.84%UTHRUnited Therapeutics Corporationharam0.79%CWCurtiss-Wright Corp.haram0.78%FLEXFLEX LTDhalal0.75%XPO Incunknown0.71%WWDWoodward Inc.halal0.66%RGLDRoyal Gold, Inc.halal0.64%USFDUS Foods Holding Corpdoubtful0.63%BURLBurlington Stores Inc.halal0.63%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Screened: Jun 18, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Financial Overview

Market Cap

26.2B

Price

$685.50

Sector

Financial Services

Industry

Asset Management - Global

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

$388.60

+0.17%

SLVA+

iShares Silver Trust

$60.61

+0.47%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) halal to invest in?

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) 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 SPDR S&P MIDCAP 400 ETF Trust get a F compliance rating?

State Street SPDR S&P MIDCAP 400 ETF Trust'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 SPDR S&P MIDCAP 400 ETF Trust's Shariah verdict?

State Street SPDR S&P MIDCAP 400 ETF Trust'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 SPDR S&P MIDCAP 400 ETF Trust re-screened for Shariah compliance?

State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) 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: Jun 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.