Question 1

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

Accepted Answer

Based on AAOIFI Shariah screening standards, State Street Consumer Staples Select Sector SPDR ETF (XLP) is currently rated as "Not Halal" with a compliance grade of F (Non-Compliant). The screening examines business activities (qualitative) and three financial ratios: debt-to-market-cap (0.0%), interest-bearing deposits to market cap (0.0%), and prohibited income (0.0%). Thresholds are 30%, 30%, and 5% respectively. Screen XLP and 10,000+ stocks free at HalalScreener.app.

Question 2

What is State Street Consumer Staples Select Sector SPDR ETF's Shariah compliance score?

Accepted Answer

State Street Consumer Staples Select Sector SPDR ETF's (XLP) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Question 3

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

Accepted Answer

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: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

Question 4

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

Accepted Answer

State Street Consumer Staples Select Sector SPDR ETF (XLP) has a non-permissible income ratio of 0.00%. 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.

Question 5

Where can I screen State Street Consumer Staples Select Sector SPDR ETF for Shariah compliance for free?

Accepted Answer

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?

Shariah Compliance Status

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