SP Funds S&P World (ex-US) ETF (SPWO) - Halal (Shariah-Compliant)
SP Funds S&P World (ex-US) ETF (SPWO) 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
- SPWO 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 World (ex-US) ETF
The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.
Frequently Asked Questions
Is SP Funds S&P World (ex-US) ETF (SPWO) stock halal to invest in?
According to AAOIFI Shariah screening standards, SP Funds S&P World (ex-US) ETF (SPWO) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does SP Funds S&P World (ex-US) ETF have any interest income?
Interest income data for SP Funds S&P World (ex-US) ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if SPWO stock is Shariah-compliant?
SPWO 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.
How often is SP Funds S&P World (ex-US) ETF stock reviewed for Shariah compliance?
SP Funds S&P World (ex-US) ETF'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.