Is Spear Alpha ETF halal to invest in?

As of September 2026, Spear Alpha ETF SPRX is classified as doubtful 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 Spear Alpha 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 Spear Alpha ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Spear Alpha ETF updated?

The Shariah compliance status of Spear Alpha 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 Spear Alpha 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 Spear Alpha ETF?

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

Spear Alpha ETF SPRX

SPRX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Spear Alpha ETF is classified as doubtful.

DOUBTFUL

Is Spear Alpha ETF Halal?

Shariah Compliance Analysis of SPRX ETF

US Equity Theme

No. As of September 2026, Spear Alpha ETF (SPRX) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Spear Alpha ETF does not fully pass Musaffa's business and financial screening criteria.

SPRX was created on 2021-08-02 by Spear. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 151.47m in AUM and 23 holdings. SPRX actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space.

Spear Alpha ETF (SPRX) Chart

Key Statistics of Spear Alpha ETF (SPRX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
91.83%
Utilities
6.36%
Materials
0.89%
Industrials
0.80%
Other
0.12%

FAQ's for Spear Alpha ETF (SPRX)

As of September 2026, Spear Alpha ETF SPRX is classified as doubtful 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 Spear Alpha ETF using these criteria to determine its compliance status.
The Shariah compliance status of Spear Alpha 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 Spear Alpha ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.