Is SPDR S&P Oil & Gas Equipment & Services ETF halal to invest in?

As of September 2026, SPDR S&P Oil & Gas Equipment & Services ETF XES 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 Oil & Gas Equipment & Services 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 Oil & Gas Equipment & Services ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P Oil & Gas Equipment & Services ETF updated?

The Shariah compliance status of SPDR S&P Oil & Gas Equipment & Services 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 Oil & Gas Equipment & Services 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 Oil & Gas Equipment & Services ETF?

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

SPDR S&P Oil & Gas Equipment & Services ETF XES

XES Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P Oil & Gas Equipment & Services ETF is classified as not halal.

NOT HALAL

Is SPDR S&P Oil & Gas Equipment & Services ETF Halal?

Shariah Compliance Analysis of XES ETF

US Equity Energy

No. As of September 2026, SPDR S&P Oil & Gas Equipment & Services ETF (XES) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SPDR S&P Oil & Gas Equipment & Services ETF does not pass Musaffa's business and financial screening criteria.

XES was created on 2006-06-19 by SPDR. The fund's investment portfolio concentrates primarily on energy equity. The ETF currently has 254.0m in AUM and 31 holdings. XES tracks an equal-weighted index of companies in the oil & gas equipment and services sub-industry of the S&P Total Market Index.

SPDR S&P Oil & Gas Equipment & Services ETF (XES) Chart

Key Statistics of SPDR S&P Oil & Gas Equipment & Services ETF (XES)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
99.19%
Other
0.81%

FAQ's for SPDR S&P Oil & Gas Equipment & Services ETF (XES)

As of September 2026, SPDR S&P Oil & Gas Equipment & Services ETF XES 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 Oil & Gas Equipment & Services ETF using these criteria to determine its compliance status.
The Shariah compliance status of SPDR S&P Oil & Gas Equipment & Services 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 Oil & Gas Equipment & Services ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.