Is XLE halal?
State Street Energy Select Sector SPDR ETF — SPDR
Akinda fund screen (AAOIFI-derived)
Not halal
Basket coverage
99.80%
Verdict set
2026-10-21
We hold a verdict for 99.80% of this fund's weight, so the screen reads the basket almost in full.
XLE under five Shariah standards
The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.
| Standard | Verdict for XLE |
|---|---|
| AAOIFIAkinda fund screen (AAOIFI-derived) | Not halal |
| Dow Jones Islamic Market | Not halal |
| FTSE Shariah | Not halal |
| MSCI Islamic | Not halal |
| S&P Shariah | Not halal |
About XLE
- Fund name
- State Street Energy Select Sector SPDR ETF
- Issuer
- SPDR
- Trades on
- US exchanges
- Domiciled in
- United States
How this verdict is reached
A fund is screened on its basket, never on its name. Every holding is screened as a company in its own right — the business-activity test first, then the financial ratios — and the fund's verdict is the weighted roll-up of those constituent verdicts, measured against a 5% limit on the weight held in companies we rate not halal.
That is a different question from the one the four index rulebooks ask, which is why all five answers are published side by side instead of reconciled into one. Rebuilt nightly from each fund's own holdings, across 3,668 funds as of 2026-10-21.
Questions about XLE
Is XLE halal?
On the Akinda fund screen, XLE is rated not halal with 99.80% of its portfolio weight covered, measured 2026-10-21. That screen is a portfolio-weight test derived from AAOIFI: we screen the fund's own holdings, weight each constituent's verdict by its share of the basket, and apply a 5% limit to the weight held in companies we rate not halal. The four index rulebooks answer the same question under their own rules and are listed separately, because they are expected to disagree.
How is XLE's Shariah verdict calculated?
By its basket, not its name or its marketing. Each holding is screened as a company — business activity first, then the financial ratios — and the fund's verdict is the weighted roll-up of those constituent verdicts against a 5% limit. Nothing about the fund's label enters the calculation, which is why funds marketed as Islamic sometimes come out doubtful and broad-market funds occasionally pass.
What does coverage mean on XLE?
We hold a verdict for 99.80% of this fund's weight, so the screen reads the basket almost in full.
Screening funds in your own product?
The same verdicts, the constituent-level detail behind them and the full fund universe are available through the API.
This verdict was set on 2026-10-21 and last re-checked against the live screen on 2026-10-21. Coverage and verdicts move as fund providers republish their holdings, and a fund sitting close to a threshold can cross it on a single refetch. This is screening data, not investment advice.