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

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

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

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

You can check the latest Shariah compliance status of ProShares S&P 500 Ex-Financials 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-Financials ETF SPXN

SPXN Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of SPXN ETF

US Equity Large Cap

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

SPXN was created on 2015-09-22 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 70.99m in AUM and 397 holdings. SPXN tracks a market-cap-weighted index of US large-cap stocks, excluding firms in the financial and real estate sectors.

ProShares S&P 500 Ex-Financials ETF (SPXN) Chart

Key Statistics of ProShares S&P 500 Ex-Financials ETF (SPXN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
38.08%
Health Care
13.19%
Consumer Discretionary
11.82%
Industrials
9.99%
Communication Services
8.42%
Consumer Staples
6.84%
Energy
3.97%
Utilities
2.99%
Materials
2.57%
Other
2.13%

FAQ's for ProShares S&P 500 Ex-Financials ETF (SPXN)

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