Is SPDR Russell 1000 Momentum Focus ETF halal to invest in?

As of September 2026, SPDR Russell 1000 Momentum Focus ETF ONEO 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 Russell 1000 Momentum Focus 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 Russell 1000 Momentum Focus ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR Russell 1000 Momentum Focus ETF updated?

The Shariah compliance status of SPDR Russell 1000 Momentum Focus 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 Russell 1000 Momentum Focus 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 Russell 1000 Momentum Focus ETF?

You can check the latest Shariah compliance status of SPDR Russell 1000 Momentum Focus ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SPDR Russell 1000 Momentum Focus ETF ONEO

ONEO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR Russell 1000 Momentum Focus ETF is classified as not halal.

NOT HALAL

Is SPDR Russell 1000 Momentum Focus ETF Halal?

Shariah Compliance Analysis of ONEO ETF

US Equity Large Cap

No. As of September 2026, SPDR Russell 1000 Momentum Focus ETF (ONEO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR Russell 1000 Momentum Focus ETF does not pass Musaffa's business and financial screening criteria.

ONEO was created on 2015-12-02 by SPDR. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 49.83m in AUM and 913 holdings. ONEO tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors (value, quality, small size and momentum) that are scaled by market cap.

SPDR Russell 1000 Momentum Focus ETF (ONEO) Chart

Key Statistics of SPDR Russell 1000 Momentum Focus ETF (ONEO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
18.93%
Consumer Discretionary
16.79%
Information Technology
15.53%
Financials
13.83%
Health Care
8.22%
Consumer Staples
6.07%
Materials
5.53%
Energy
5.37%
Utilities
4.11%
Communication Services
2.59%
Real Estate
2.43%
Other
0.60%

FAQ's for SPDR Russell 1000 Momentum Focus ETF (ONEO)

As of September 2026, SPDR Russell 1000 Momentum Focus ETF ONEO 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 Russell 1000 Momentum Focus ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR Russell 1000 Momentum Focus 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 Russell 1000 Momentum Focus ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.