Is SPDR SSGA US Small Cap Low Volatility Index ETF halal to invest in?

As of September 2026, SPDR SSGA US Small Cap Low Volatility Index ETF SMLV 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 SSGA US Small Cap Low Volatility Index 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 SSGA US Small Cap Low Volatility Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR SSGA US Small Cap Low Volatility Index ETF updated?

The Shariah compliance status of SPDR SSGA US Small Cap Low Volatility Index 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 SSGA US Small Cap Low Volatility Index 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 SSGA US Small Cap Low Volatility Index ETF?

You can check the latest Shariah compliance status of SPDR SSGA US Small Cap Low Volatility Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

SPDR SSGA US Small Cap Low Volatility Index ETF SMLV

SMLV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR SSGA US Small Cap Low Volatility Index ETF is classified as not halal.

NOT HALAL

Is SPDR SSGA US Small Cap Low Volatility Index ETF Halal?

Shariah Compliance Analysis of SMLV ETF

US Equity Small Cap

No. As of September 2026, SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR SSGA US Small Cap Low Volatility Index ETF does not pass Musaffa's business and financial screening criteria.

SMLV was created on 2013-02-20 by SPDR. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 201.99m in AUM and 397 holdings. SMLV tracks an index of US small-cap stocks selected and weighted by low volatility and other factors.

SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) Chart

Key Statistics of SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
69.28%
Industrials
7.60%
Real Estate
4.51%
Health Care
3.77%
Information Technology
3.38%
Utilities
3.05%
Consumer Discretionary
2.32%
Energy
1.76%
Materials
1.61%
Consumer Staples
1.41%
Communication Services
1.04%
Other
0.27%

FAQ's for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV)

As of September 2026, SPDR SSGA US Small Cap Low Volatility Index ETF SMLV 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 SSGA US Small Cap Low Volatility Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR SSGA US Small Cap Low Volatility Index 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 SSGA US Small Cap Low Volatility Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.