Is SPDR S&P Metals & Mining ETF halal to invest in?

As of September 2026, SPDR S&P Metals & Mining ETF XME 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 Metals & Mining 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 Metals & Mining ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for SPDR S&P Metals & Mining ETF updated?

The Shariah compliance status of SPDR S&P Metals & Mining 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 Metals & Mining 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 Metals & Mining ETF?

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

SPDR S&P Metals & Mining ETF XME

XME Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, SPDR S&P Metals & Mining ETF is classified as not halal.

NOT HALAL

Is SPDR S&P Metals & Mining ETF Halal?

Shariah Compliance Analysis of XME ETF

US Equity Materials

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

XME was created on 2006-06-19 by SPDR. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 3568.59m in AUM and 36 holdings. XME tracks an equal-weighted index of US metals and mining companies.

SPDR S&P Metals & Mining ETF (XME) Chart

Key Statistics of SPDR S&P Metals & Mining ETF (XME)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
85.98%
Energy
13.95%
Other
0.07%

FAQ's for SPDR S&P Metals & Mining ETF (XME)

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