Is Consumer Discretionary Select Sector SPDR Fund halal to invest in?

As of September 2026, Consumer Discretionary Select Sector SPDR Fund XLY 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 Consumer Discretionary Select Sector SPDR Fund 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 Consumer Discretionary Select Sector SPDR Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Consumer Discretionary Select Sector SPDR Fund updated?

The Shariah compliance status of Consumer Discretionary Select Sector SPDR Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of Consumer Discretionary Select Sector SPDR Fund?

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

Consumer Discretionary Select Sector SPDR Fund XLY

XLY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Consumer Discretionary Select Sector SPDR Fund is classified as not halal.

NOT HALAL

Is Consumer Discretionary Select Sector SPDR Fund ETF Halal?

Shariah Compliance Analysis of XLY ETF

US Equity Consumer Discretionary

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

XLY was created on 1998-12-16 by SPDR. The fund's investment portfolio concentrates primarily on consumer discretionary equity. The ETF currently has 24746.87m in AUM and 50 holdings. XLY tracks a market-cap-weighted index of consumer-discretionary stocks drawn from the S&P 500.

Consumer Discretionary Select Sector SPDR Fund (XLY) Chart

Key Statistics of Consumer Discretionary Select Sector SPDR Fund (XLY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
99.95%

FAQ's for Consumer Discretionary Select Sector SPDR Fund (XLY)

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