XLB
Materials Select Sector SPDR Fund
Is XLB Halal?
Materials sector — mining and chemicals are generally permissible.
What You Should Know
XLB holds materials companies across chemicals, mining, packaging and construction materials. State Street reported chemicals at 52.81% and mining at 18.62% on 13 July 2026; the fund is not Sharia-screened.
⚠️ Concerns
- •Not Sharia-screened
- •Some interest income across holdings
- •Chemical and mining end uses require review
Current quantitative Sharia screen
Based on Daily issuer holdings and assets-under-management page figures for the period ended 2026-07-13; calculated 2026-07-14.
0 / 8,464.61
0 / 8,464.61
0 / 8,464.61
- Financial
- Incomplete
- Overall
- Incomplete
Reported fund-level proxy ratios are below the examined asset limits, but a comparable prohibited-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
The available fund-level proxy ratios are below the examined MSCI asset limits; the underlying portfolio has no universal prohibited-income classification.
- Financial
- Pass
- Overall
- Incomplete
The available fund-level proxy ratios are below the examined Malaysia limits; look-through activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series and fund-level prohibited-income convention are not stored.
Business-activity disclosure
XLB is a conventional materials-sector pass-through ETF. Mining, chemicals, packaging and construction materials are generally permissible business categories, but the portfolio is not Sharia-screened.
Limitation: The issuer discloses holdings and industry weights but no universal prohibited-revenue allocation across every underlying issuer.
Purification
XLB passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.
Inputs, assumptions and primary sources
- State Street reported USD 8,464.61 million in assets under management as of 13 July 2026.
- The issuer reported chemicals at 52.81%, metals and mining at 18.62%, containers and packaging at 14.80% and construction materials at 13.77%; top holdings included Linde, Newmont, Corteva and Freeport-McMoRan.
- The issuer page does not provide a school-neutral prohibited-revenue allocation or fund-level debt, cash and receivable lines; zeroes mean not separately reported, not that every underlying issuer has zero exposure.
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.
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