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

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

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

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

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

SPDR Portfolio S&P 400 Mid Cap ETF SPMD

SPMD Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of SPMD ETF

US Equity Mid Cap

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

SPMD was created on 2005-11-08 by SPDR. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 15264.97m in AUM and 403 holdings. SPMD tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee.

SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) Chart

Key Statistics of SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
21.93%
Financials
16.95%
Consumer Discretionary
14.74%
Health Care
9.74%
Information Technology
8.58%
Real Estate
7.77%
Materials
6.62%
Energy
4.92%
Consumer Staples
4.33%
Utilities
2.67%
Communication Services
1.60%
Other
0.15%

FAQ's for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)

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