Is SPDR S&P Midcap 400 ETF Trust halal to invest in?

As of September 2026, SPDR S&P Midcap 400 ETF Trust MDY 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 Midcap 400 ETF Trust 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 Midcap 400 ETF Trust using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P Midcap 400 ETF Trust updated?

The Shariah compliance status of SPDR S&P Midcap 400 ETF Trust 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 Midcap 400 ETF Trust 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 Midcap 400 ETF Trust?

You can check the latest Shariah compliance status of SPDR S&P Midcap 400 ETF Trust on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SPDR S&P Midcap 400 ETF Trust MDY

MDY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P Midcap 400 ETF Trust is classified as not halal.

NOT HALAL

Is SPDR S&P Midcap 400 ETF Trust Halal?

Shariah Compliance Analysis of MDY ETF

US Equity Mid Cap

No. As of September 2026, SPDR S&P Midcap 400 ETF Trust (MDY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR S&P Midcap 400 ETF Trust does not pass Musaffa's business and financial screening criteria.

MDY was created on 1995-05-04 by SPDR. The fund's investment portfolio concentrates primarily on mid cap equity. MDY tracks a market cap-weighted index of mid-cap US companies.

SPDR S&P Midcap 400 ETF Trust (MDY) Chart

Key Statistics of SPDR S&P Midcap 400 ETF Trust (MDY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
22.46%
Financials
17.07%
Consumer Discretionary
13.66%
Health Care
9.71%
Information Technology
9.53%
Real Estate
7.34%
Materials
6.64%
Energy
5.15%
Consumer Staples
4.36%
Utilities
2.63%
Communication Services
1.42%

FAQ's for SPDR S&P Midcap 400 ETF Trust (MDY)

As of September 2026, SPDR S&P Midcap 400 ETF Trust MDY 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 Midcap 400 ETF Trust using these criteria to determine its compliance status.
The Shariah compliance status of SPDR S&P Midcap 400 ETF Trust 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 Midcap 400 ETF Trust on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.