Is SPDR S&P North American Natural Resources ETF halal to invest in?

As of September 2026, SPDR S&P North American Natural Resources ETF NANR 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 North American Natural Resources 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 North American Natural Resources ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P North American Natural Resources ETF updated?

The Shariah compliance status of SPDR S&P North American Natural Resources 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 North American Natural Resources 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 North American Natural Resources ETF?

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

SPDR S&P North American Natural Resources ETF NANR

NANR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P North American Natural Resources ETF is classified as not halal.

NOT HALAL

Is SPDR S&P North American Natural Resources ETF Halal?

Shariah Compliance Analysis of NANR ETF

US Equity Theme

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

NANR was created on 2015-12-15 by SPDR. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 771.91m in AUM and 176 holdings. NANR tracks an index of US & Canadian firms involved in natural resources and commodities businesses.

SPDR S&P North American Natural Resources ETF (NANR) Chart

Key Statistics of SPDR S&P North American Natural Resources ETF (NANR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
49.64%
Energy
44.88%
Consumer Staples
3.49%
Real Estate
1.96%

FAQ's for SPDR S&P North American Natural Resources ETF (NANR)

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