XLI
Industrial Select Sector SPDR Fund
Is XLI Halal?
Industrials — mixed: manufacturing is permissible but defense exposure.
What You Should Know
XLI holds industrial companies across manufacturing, transport and aerospace. State Street reported aerospace and defence at 25.81% on 13 July 2026, including RTX and Boeing among the largest holdings.
⚠️ Concerns
- •Aerospace and defence represented 25.81%
- •RTX and Boeing included
- •Mixed industrial end uses
- •Not Sharia-screened
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 / 33,639.05
0 / 33,639.05
0 / 33,639.05
- 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
XLI is a conventional industrial-sector ETF with substantial aerospace and defence exposure. It is not Sharia-screened.
Limitation: The issuer discloses current holdings and industry weights but no universal prohibited-revenue allocation across every underlying issuer.
Purification
XLI passes through distributions from underlying issuers; no scholar-approved purification percentage is disclosed.
Inputs, assumptions and primary sources
- State Street reported USD 33,639.05 million in assets under management as of 9 July 2026.
- On 13 July 2026 the largest holdings included Caterpillar 7.66%, GE 6.58%, GE Vernova 5.00%, RTX 4.72% and Boeing 3.03%; aerospace and defence represented 25.81% of the reported industry allocation.
- 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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