Is SP Funds S&P Global Technology (SPTE) Stock Halal or Haram?
SP Funds S&P Global Technology (SPTE) - Halal (Shariah-Compliant)
SP Funds S&P Global Technology (SPTE) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
ETF
Industry
Exchange-Traded Fund
Result
Pass
Reason
SPTE is identified as an Islamic ETF based on its name/description.
Financial Ratios
Dividend Purification
Purification percentage: 0.00%.Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About SP Funds S&P Global Technology
The S&P Global 1200 Shariah Information Technology Capped Index is designed to measure the performance of global large-cap equity securities within the information technology sector that pass rules-based screens for adherence to Shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. Under normal circumstances, at least 80% of the fund’s total assets will be invested in the component securities of the index. It is non-diversified.
Frequently Asked Questions
Is SP Funds S&P Global Technology (SPTE) stock halal to invest in?
According to AAOIFI Shariah screening standards, SP Funds S&P Global Technology (SPTE) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does SP Funds S&P Global Technology have any interest income?
Interest income data for SP Funds S&P Global Technology is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if SPTE stock is Shariah-compliant?
SPTE is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
SPTE is identified as an Islamic ETF based on its name/description.
Financial Ratios
Pass
Denominator: market capitalisation.
Dividend Purification
0.00%
Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About SP Funds S&P Global Technology
The S&P Global 1200 Shariah Information Technology Capped Index is designed to measure the performance of global large-cap equity securities within the information technology sector that pass rules-based screens for adherence to Shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. Under normal circumstances, at least 80% of the fund’s total assets will be invested in the component securities of the index. It is non-diversified.
NYSEARCAETF
Screened using AAOIFI Standard No. 21 on November 7, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Nov 7, 2026. We started recording changes on Nov 7, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, SP Funds S&P Global Technology (SPTE) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Interest income data for SP Funds S&P Global Technology is factored into the financial ratio screening under AAOIFI standards.
SPTE is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
SP Funds S&P Global Technology 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
Watch SPTE free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Approximately 0.00% of dividend income from SP Funds S&P Global Technology comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
How often is SP Funds S&P Global Technology stock reviewed for Shariah compliance?
SP Funds S&P Global Technology 's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on SP Funds S&P Global Technology 's compliance status?
Watch SPTE free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Are dividends from SP Funds S&P Global Technology stock considered halal?
Approximately 0.00% of dividend income from SP Funds S&P Global Technology comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Do I need to pay Zakat on my SP Funds S&P Global Technology shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
