Shariah Compliance Drift Tracker
Daily history of S&P 500 Shariah screening verdicts: how the compliant universe grows and shrinks, and which companies crossed an AAOIFI threshold each day.
Compliant vs excluded universe, daily
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Recent verdict changes
| Date | Ticker | Company | Sector | Change | Why |
|---|---|---|---|---|---|
| 2026-10-02 | MKC | McCormick & Company | Consumer Staples | Compliant → Excluded | Debt/mktcap 35.1% >= 33% |
| 2026-10-01 | CDW | CDW Corporation | Information Technology | Compliant → Excluded | Debt/mktcap 36.1% >= 33% |
| 2026-10-01 | DLTR | Dollar Tree | Consumer Staples | Excluded → Compliant | Ratios back inside AAOIFI thresholds |
| 2026-09-25 | OTIS | Otis Worldwide | Industrials | Compliant → Excluded | Debt/mktcap 33.5% >= 33% |
| 2026-09-25 | LDOS | Leidos | Industrials | Compliant → Excluded | Debt/mktcap 33.8% >= 33% |
| 2026-09-25 | SMCI | Supermicro | Information Technology | Excluded → Compliant | Ratios back inside AAOIFI thresholds |
| 2026-09-24 | AZO | AutoZone | Consumer Discretionary | Review → Compliant | Ratios back inside AAOIFI thresholds |
| 2026-09-17 | TSCO | Tractor Supply | Consumer Discretionary | Compliant → Excluded | Debt/mktcap 34.8% >= 33% |
| 2026-09-17 | SOLV | Solventum | Health Care | Compliant → Excluded | Debt/mktcap 33.3% >= 33% |
| 2026-09-17 | PPG | PPG Industries | Materials | Compliant → Excluded | Debt/mktcap 33.8% >= 33% |
| 2026-09-17 | FDXF | FedEx Freight | Industrials | Compliant → Excluded | Debt/mktcap 35.0% >= 33% |
| 2026-09-17 | DLTR | Dollar Tree | Consumer Staples | Compliant → Excluded | Debt/mktcap 33.5% >= 33% |
| 2026-09-17 | CRH | CRH plc | Materials | Compliant → Excluded | Debt/mktcap 34.2% >= 33% |
| 2026-09-17 | ATO | Atmos Energy | Utilities | Compliant → Excluded | Debt/mktcap 34.0% >= 33% |
| 2026-09-09 | UPS | United Parcel Service | Industrials | Compliant → Excluded | Debt/mktcap 33.4% >= 33% |
| 2026-09-09 | GEHC | GE HealthCare | Health Care | Compliant → Excluded | Debt/mktcap 34.7% >= 33% |
| 2026-09-09 | AZO | AutoZone | Consumer Discretionary | Compliant → Review | Market cap unavailable |
| 2026-09-09 | HPE | Hewlett Packard Enterprise | Information Technology | Excluded → Compliant | Ratios back inside AAOIFI thresholds |
| 2026-09-09 | FDXF | FedEx Freight | Industrials | Excluded → Compliant | Ratios back inside AAOIFI thresholds |
| 2026-09-02 | WY | Weyerhaeuser | Real Estate | Compliant → Excluded | Debt/mktcap 33.2% >= 33% |
How this works
The nightly US Shariah screener re-screens the full S&P 500 against AAOIFI Shariah Standard No. 21. This tracker replays every published run and records two things: the daily count of compliant vs excluded companies, and every company whose overall verdict changed between consecutive runs — with the specific ratio breach (or recovery) that caused it.
Verdicts move for two reasons: prices (market cap is the denominator of the debt and receivables ratios, so a falling stock can push a company out of compliance without any balance-sheet change) and fresh financial statements. Changes are only counted for companies present in both runs, so index reconstitutions do not appear as drift.