Is SPDR S&P 400 Mid Cap Value ETF halal to invest in?

As of September 2026, SPDR S&P 400 Mid Cap Value ETF MDYV 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 400 Mid Cap Value 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 400 Mid Cap Value ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P 400 Mid Cap Value ETF updated?

The Shariah compliance status of SPDR S&P 400 Mid Cap Value 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 400 Mid Cap Value 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 400 Mid Cap Value ETF?

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

SPDR S&P 400 Mid Cap Value ETF MDYV

MDYV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P 400 Mid Cap Value ETF is classified as not halal.

NOT HALAL

Is SPDR S&P 400 Mid Cap Value ETF Halal?

Shariah Compliance Analysis of MDYV ETF

US Equity Mid Cap

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

MDYV was created on 2005-11-08 by SPDR. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 2478.23m in AUM and 308 holdings. MDYV tracks a market cap-weighted index of US value stocks. Constituents are drawn from the Committee-selected S&P mid-cap 400.

SPDR S&P 400 Mid Cap Value ETF (MDYV) Chart

Key Statistics of SPDR S&P 400 Mid Cap Value ETF (MDYV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
24.99%
Industrials
14.13%
Consumer Discretionary
11.02%
Real Estate
9.94%
Health Care
9.43%
Materials
7.52%
Information Technology
6.97%
Consumer Staples
5.16%
Utilities
4.96%
Energy
3.86%
Communication Services
1.89%
Other
0.13%

FAQ's for SPDR S&P 400 Mid Cap Value ETF (MDYV)

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