Is SPDR S&P International Small Cap ETF halal to invest in?

As of September 2026, SPDR S&P International Small Cap ETF GWX 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.

Is SPDR S&P International Small Cap ETF a Shariah-compliant ETF?

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 SPDR S&P International Small Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P International Small Cap ETF updated?

The Shariah compliance status of SPDR S&P International Small Cap ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like SPDR S&P International Small Cap ETF become non-compliant?

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.

Where can I check the Shariah status of SPDR S&P International Small Cap ETF?

You can check the latest Shariah compliance status of SPDR S&P International Small Cap ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SPDR S&P International Small Cap ETF GWX

GWX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P International Small Cap ETF is classified as not halal.

NOT HALAL

Is SPDR S&P International Small Cap ETF Halal?

Shariah Compliance Analysis of GWX ETF

US Equity Small Cap

No. As of September 2026, SPDR S&P International Small Cap ETF (GWX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR S&P International Small Cap ETF does not pass Musaffa's business and financial screening criteria.

GWX was created on 2007-04-20 by SPDR. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 786.93m in AUM and 2022 holdings. GWX tracks a market-cap-weighted index of small-cap companies in developed countries outside the US.

SPDR S&P International Small Cap ETF (GWX) Chart

Key Statistics of SPDR S&P International Small Cap ETF (GWX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
21.31%
Materials
12.30%
Information Technology
11.94%
Consumer Discretionary
11.34%
Financials
10.40%
Health Care
9.29%
Real Estate
8.28%
Consumer Staples
5.43%
Energy
3.97%
Communication Services
3.16%
Utilities
1.31%
Other
1.27%

FAQ's for SPDR S&P International Small Cap ETF (GWX)

As of September 2026, SPDR S&P International Small Cap ETF GWX 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 SPDR S&P International Small Cap ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR S&P International Small Cap 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 SPDR S&P International Small Cap ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.