Is ProShares S&P 500 Ex-Energy ETF halal to invest in?

As of September 2026, ProShares S&P 500 Ex-Energy ETF SPXE 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 ProShares S&P 500 Ex-Energy 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 ProShares S&P 500 Ex-Energy ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares S&P 500 Ex-Energy ETF updated?

The Shariah compliance status of ProShares S&P 500 Ex-Energy 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 ProShares S&P 500 Ex-Energy 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 ProShares S&P 500 Ex-Energy ETF?

You can check the latest Shariah compliance status of ProShares S&P 500 Ex-Energy ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares S&P 500 Ex-Energy ETF SPXE

SPXE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares S&P 500 Ex-Energy ETF is classified as not halal.

NOT HALAL

Is ProShares S&P 500 Ex-Energy ETF Halal?

Shariah Compliance Analysis of SPXE ETF

US Equity Large Cap

No. As of September 2026, ProShares S&P 500 Ex-Energy ETF (SPXE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares S&P 500 Ex-Energy ETF does not pass Musaffa's business and financial screening criteria.

SPXE was created on 2015-09-22 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 76.27m in AUM and 482 holdings. SPXE tracks a market cap-weighted index of US large- and mid-cap stocks, excluding firms in the energy sector.

ProShares S&P 500 Ex-Energy ETF (SPXE) Chart

Key Statistics of ProShares S&P 500 Ex-Energy ETF (SPXE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
32.11%
Health Care
12.60%
Financials
11.90%
Consumer Discretionary
10.00%
Industrials
8.73%
Communication Services
7.29%
Consumer Staples
6.21%
Other
3.93%
Utilities
2.52%
Real Estate
2.44%
Materials
2.27%

FAQ's for ProShares S&P 500 Ex-Energy ETF (SPXE)

As of September 2026, ProShares S&P 500 Ex-Energy ETF SPXE 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 ProShares S&P 500 Ex-Energy ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares S&P 500 Ex-Energy 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 ProShares S&P 500 Ex-Energy ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.