Is Stratified LargeCap Index ETF halal to invest in?

As of September 2026, Stratified LargeCap Index ETF SSPY 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 Stratified LargeCap 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 Stratified LargeCap Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Stratified LargeCap Index ETF updated?

The Shariah compliance status of Stratified LargeCap 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 Stratified LargeCap 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 Stratified LargeCap Index ETF?

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

Stratified LargeCap Index ETF SSPY

SSPY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Stratified LargeCap Index ETF is classified as not halal.

NOT HALAL

Is Stratified LargeCap Index ETF Halal?

Shariah Compliance Analysis of SSPY ETF

US Equity Large Cap

No. As of September 2026, Stratified LargeCap Index ETF (SSPY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Stratified LargeCap Index ETF does not pass Musaffa's business and financial screening criteria.

SSPY was created on 2019-01-04 by Stratified. The fund's investment portfolio concentrates primarily on large cap equity. SSPY tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk.

Stratified LargeCap Index ETF (SSPY) Chart

Key Statistics of Stratified LargeCap Index ETF (SSPY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
14.21%
Consumer Discretionary
13.05%
Consumer Staples
12.93%
Industrials
11.02%
Health Care
10.83%
Financials
9.52%
Utilities
6.17%
Energy
6.05%
Communication Services
5.91%
Other
4.29%
Real Estate
3.07%
Materials
2.95%

FAQ's for Stratified LargeCap Index ETF (SSPY)

As of September 2026, Stratified LargeCap Index ETF SSPY 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 Stratified LargeCap Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Stratified LargeCap 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 Stratified LargeCap Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.