Is State Street Materials Select Sector SPDR ETF halal to invest in?

As of September 2026, State Street Materials Select Sector SPDR ETF XLB 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 State Street Materials Select Sector SPDR 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 State Street Materials Select Sector SPDR ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for State Street Materials Select Sector SPDR ETF updated?

The Shariah compliance status of State Street Materials Select Sector SPDR 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 State Street Materials Select Sector SPDR 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 State Street Materials Select Sector SPDR ETF?

You can check the latest Shariah compliance status of State Street Materials Select Sector SPDR ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

State Street Materials Select Sector SPDR ETF XLB

XLB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, State Street Materials Select Sector SPDR ETF is classified as not halal.

NOT HALAL

Is State Street Materials Select Sector SPDR ETF Halal?

Shariah Compliance Analysis of XLB ETF

US Equity Materials

No. As of September 2026, State Street Materials Select Sector SPDR ETF (XLB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. State Street Materials Select Sector SPDR ETF does not pass Musaffa's business and financial screening criteria.

XLB was created on 1998-12-16 by SPDR. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 6691.57m in AUM and 28 holdings. XLB tracks a market-cap-weighted index of US basic materials companies. The fund includes only the materials components of the S&P 500.

State Street Materials Select Sector SPDR ETF (XLB) Chart

Key Statistics of State Street Materials Select Sector SPDR ETF (XLB)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
99.81%
Other
0.19%

FAQ's for State Street Materials Select Sector SPDR ETF (XLB)

As of September 2026, State Street Materials Select Sector SPDR ETF XLB 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 State Street Materials Select Sector SPDR ETF using these criteria to determine its compliance status.
The Shariah compliance status of State Street Materials Select Sector SPDR 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 State Street Materials Select Sector SPDR ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.