Is IVV (iShares Core S&P 500 ETF) halal?

Q: Is IVV (iShares Core S&P 500 ETF) halal?

HARAM: S&P 500 ETF without Sharia screening — same as SPY. IVV is iShares' broad S&P 500 pass-through ETF. Its March 31, 2026 annual report shows $721.182 billion of assets and disclosed incidental interest/securities-lending income of about 0.24% of fund investment income. The index includes conventional financial institutions, alcohol, tobacco and other mixed activities without halal filtering.

← Back to Halal Checker

IVV

iShares Core S&P 500 ETF

HARAM — DATA INCOMPLETEetf

Is IVV Halal?

S&P 500 ETF without Sharia screening — same as SPY.

What You Should Know

IVV is iShares' broad S&P 500 pass-through ETF. Its March 31, 2026 annual report shows $721.182 billion of assets and disclosed incidental interest/securities-lending income of about 0.24% of fund investment income. The index includes conventional financial institutions, alcohol, tobacco and other mixed activities without halal filtering.

⚠️ Concerns

•Banks
•Alcohol
•Tobacco
•No Sharia screening

Current quantitative Sharia screen

Based on N-CSR Annual Shareholder Report figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions

Interest-bearing debt / assets

0.00%Within limit

Below 33.333% under FTSE Yasaar

0 / 721,182.256

Cash + interest-bearing securities / assets

0.56%Within limit

Below 33.333% under FTSE Yasaar

4,032.422 / 721,182.256

Receivables + cash / assets

0.07%Within limit

Below 50% under FTSE Yasaar

525.12 / 721,182.256

Non-compliant income / revenue

0.24%Within limit

No more than 5% under FTSE Yasaar

20.164 / 8,265.6

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Pass	Incomplete	Debt/assets is 0.00%, liquidity/assets is 0.56%, receivables-plus-cash/assets is 0.07% and disclosed incidental non-compliant income is 0.24%; a comparable underlying prohibited-revenue numerator is unavailable.
MSCI Islamic (total-assets series) October 2024 methodology	Pass	Incomplete	Fund-level debt, liquidity and receivables-plus-cash are below examined MSCI asset limits, but the underlying portfolio is not classified by a universal prohibited-revenue numerator.
Malaysia SAC financial ratios single 5% activity benchmark adopted November 2025	Pass	Incomplete	Fund-level debt/assets and liquidity/assets are below the examined Malaysia limits; the pass-through portfolio remains qualitatively and methodologically incomplete.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Incomplete	A licensed historical market-cap series and fund-level prohibited-income convention are not stored.

FTSE Yasaar

v4.6, February 2026

Financial: Pass
Overall: Incomplete

Debt/assets is 0.00%, liquidity/assets is 0.56%, receivables-plus-cash/assets is 0.07% and disclosed incidental non-compliant income is 0.24%; a comparable underlying prohibited-revenue numerator is unavailable.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Pass
Overall: Incomplete

Fund-level debt, liquidity and receivables-plus-cash are below examined MSCI asset limits, but the underlying portfolio is not classified by a universal prohibited-revenue numerator.

Malaysia SAC financial ratios

single 5% activity benchmark adopted November 2025

Financial: Pass
Overall: Incomplete

Fund-level debt/assets and liquidity/assets are below the examined Malaysia limits; the pass-through portfolio remains qualitatively and methodologically incomplete.

Market-cap denominator methods

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Incomplete

A licensed historical market-cap series and fund-level prohibited-income convention are not stored.

Business-activity disclosure

IVV is a broad S&P 500 pass-through ETF. Its underlying portfolio includes conventional financial institutions, alcohol, tobacco, entertainment, defense and mixed customer end uses; the trust itself is a pass-through vehicle rather than an operating business.

Limitation: The report provides holdings and sector information but no school-neutral prohibited-revenue allocation across every underlying issuer.

Purification

IVV passes through dividends from underlying issuers; no scholar-approved purification percentage is inferred from the aggregate fund distribution.

Inputs, assumptions and primary sources

Amounts are USD millions converted from IVV's March 31, 2026 audited annual statements.
The report shows USD 721,182.256129 million of total assets, USD 3,909.097875 million of affiliated investments, USD 123.324 million pledged for futures and USD 401.795757 million of receivables.
Annual investment income totals USD 8,265.599585 million. Disclosed unaffiliated interest and affiliated securities-lending income of USD 20.164302 million is used as the incidental non-compliant-income numerator; underlying issuer revenue is not allocated by the fund.
ETF look-through ratios are not an official FTSE, MSCI or Malaysia classification.

BlackRock / iShares: iShares Core S&P 500 ETF Form N-CSR annual shareholder report for March 31, 2026 BlackRock / iShares: iShares Core S&P 500 ETF product page FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

🧾

Own IVV? Purify your portfolio.

Per-holding purification amounts, zakat on your shares, and halal alternatives for flagged holdings — a personalized report prepared for you within 48 hours.

Order Your Report — $49 →

Track IVV and 30,000+ stocks' live compliance status with Islamicly — 50% off with code ZAKAT50.Get Islamicly →