Is SPDR S&P Emerging Markets ex-China ETF halal to invest in?

As of September 2026, SPDR S&P Emerging Markets ex-China ETF XCNY 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 S&P Emerging Markets ex-China 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 S&P Emerging Markets ex-China ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P Emerging Markets ex-China ETF updated?

The Shariah compliance status of SPDR S&P Emerging Markets ex-China 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 S&P Emerging Markets ex-China 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 S&P Emerging Markets ex-China ETF?

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

SPDR S&P Emerging Markets ex-China ETF XCNY

XCNY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P Emerging Markets ex-China ETF is classified as not halal.

NOT HALAL

Is SPDR S&P Emerging Markets ex-China ETF Halal?

Shariah Compliance Analysis of XCNY ETF

US Equity Total Market

No. As of September 2026, SPDR S&P Emerging Markets ex-China ETF (XCNY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR S&P Emerging Markets ex-China ETF does not pass Musaffa's business and financial screening criteria.

XCNY was created on 2024-09-04 by SPDR. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 5.56m in AUM and 1218 holdings. XCNY tracks a market cap-weighted index of emerging market stocks, excluding China. The fund may include companies of any market capitalization, aiming for broad diversification.

SPDR S&P Emerging Markets ex-China ETF (XCNY) Chart

Key Statistics of SPDR S&P Emerging Markets ex-China ETF (XCNY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
24.95%
Financials
23.22%
Industrials
8.78%
Materials
8.32%
Consumer Discretionary
6.92%
Other
5.35%
Consumer Staples
5.29%
Energy
4.62%
Communication Services
3.60%
Health Care
3.27%
Utilities
3.20%
Real Estate
2.48%

FAQ's for SPDR S&P Emerging Markets ex-China ETF (XCNY)

As of September 2026, SPDR S&P Emerging Markets ex-China ETF XCNY 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 S&P Emerging Markets ex-China ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR S&P Emerging Markets ex-China 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 S&P Emerging Markets ex-China ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.