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Investing comparison

SPFunds vs Zoya

SPFunds and Zoya both offer investing. This page lines up 16 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Nov 2026

At a glance

  • Both are available in all of Canada.
  • SPFunds uses Index-based; Zoya uses Stock Screener.
  • Shariah oversight: SPFunds discloses Third-Party Certified; Zoya discloses Named Scholar.
  • HalalWallet Index: SPFunds holds a B-; Zoya holds a B-.
  • They differ on 7 of the 16 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

SPFunds vs Zoya: the full side-by-side

16 data points from each provider's published materials, lined up row by row. They differ on 7.

SPFunds - halal finance provider logo

SPFunds

B-
Pays us: No. SPFunds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Zoya - halal finance provider logo

Zoya

B-
Pays us: No. Zoya pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

16 of 16 rows

Availability

  • Provinces covered

    Same
    SPFunds: All of Canada
    Zoya: All of Canada
Costs

  • Expense ratio

    SPFunds: 0.55% (SP Funds S&P World ETF) · 0.45% (SP Funds S&P 500 Shariah I…) · 0.50% (SP Funds S&P Global REIT S…)
    Zoya: Not listed
Shariah

  • Structure

    SPFunds: Index-based
    Zoya: Stock Screener

  • Shariah oversight

    SPFunds: Third-Party Certified
    Zoya: Named Scholar

  • Shariah board / scholar

    SPFunds: third_party_certified
    Zoya: Named Scholar

  • Published fatwa / certificate

    Same
    SPFunds: No
    Zoya: No

  • Screening standard

    SPFunds: AAOIFI - S&P Shariah screens on developed ex-US and emerging markets (SP Funds S&P World ETF) · AAOIFI - S&P Shariah screens (under 5% impure revenue; debt below ~30% of market cap) (SP Funds S&P 500 Shariah I…) · AAOIFI - S&P Shariah REIT screens on rental income sources and leverage (SP Funds S&P Global REIT S…) · Sukuk-only universe - Dow Jones Sukuk Total Return Index eligibility rules (SP Funds Dow Jones Global…) · AAOIFI - S&P Shariah screens on the global 1200 IT universe (SP Funds S&P Global Techno…)
    Zoya: AAOIFI by default - <=5% non-permissible revenue; interest-bearing debt and securities each under 30% of market cap; S&P/MSCI/DJ/FTSE rulebooks on Pro
Products

  • Products listed

    SPFunds: SP Funds S&P World ETF, SP Funds S&P 500 Shariah Industry Exclusions ETF, SP Funds S&P Global REIT Shariah ETF, SP Funds Dow Jones Global Sukuk ETF, SP Funds S&P Global Technology ETF
    Zoya: Sharia Compliance Investment Screening

  • Best for

    SPFunds: Broadest global halal equity exposure
    Zoya: Canadian self-directed investors - especially Wealthsimple and Questrade users - who want scholar-guided compliance verdicts on stocks they already own; note that ETF screening covers US-listed funds only.

  • Product types

    SPFunds: ETF
    Zoya: Stock Screener

  • Tickers

    SPFunds: SPWO, SPUS, SPRE, SPSK, SPTE
    Zoya: Not listed

  • Holdings

    SPFunds: ~400 (SP Funds S&P World ETF) · ~200 (SP Funds S&P 500 Shariah I…) · ~22 (SP Funds S&P Global REIT S…) · ~170 (SP Funds Dow Jones Global…) · ~100 (SP Funds S&P Global Techno…)
    Zoya: Not listed

  • Focus

    SPFunds: Global Large Blend (SP Funds S&P World ETF) · US Large Growth (SP Funds S&P 500 Shariah I…) · Global Real Estate (SP Funds S&P Global REIT S…) · Global Bond (Sukuk) (SP Funds Dow Jones Global…) · Global Technology (SP Funds S&P Global Techno…)
    Zoya: Not listed
Track record

  • HalalWallet Index grade

    Same
    SPFunds: B-
    Zoya: B-

  • Awards

    SPFunds: Morningstar Silver Medalist Rating (rated Aug 31, 2026; published Sep 29, 2026), U.S. News #3 Best Global Bond ETF (ranked Oct 2026; 3rd of 9 evaluated)
    Zoya: Not listed

  • Assets under management

    SPFunds: $244M (2026-11-13) (SP Funds S&P World ETF) · $3.37B (2026-11-13) (SP Funds S&P 500 Shariah I…) · $203M (2026-11-13) (SP Funds S&P Global REIT S…) · $491M (2026-11-13) (SP Funds Dow Jones Global…) · $243M (2026-11-13) (SP Funds S&P Global Techno…)
    Zoya: Not listed

Strengths and trade-offs

SPFunds

  • Broadest diversification in the family (~500 index constituents)
  • True ex-US global exposure - developed and emerging markets 50/50
  • Completes a halal three-fund portfolio alongside SPUS and SPSK
  • Quarterly purification factors published (Q2 2026: 1.41% of dividends)
  • Monthly distributions
  • Newer fund
  • Smaller AUM
  • Overlap with SPUS for US holdings
  • USD-listed - currency conversion applies, and dividends lose 15% US withholding tax in a TFSA/FHSA/RESP (exempt in an RRSP)
  • US-focused only

Zoya

  • Sharia screening methodology guided by named scholars, including Sheikh Joe Bradford and Sheikh Umer Khan
  • Full compliance reports expose actual ratios and revenue breakdowns - verify rather than trust
  • Canadian broker integrations: Wealthsimple and Questrade portfolio sync with compliance alerts
  • Pay-what-you-think-is-fair web pricing makes Pro accessible from about $9 USD/month
  • A research tool only in Canada - you'll still need a separate brokerage to trade, and Zoya Direct's brokers are US-centric
  • ETF and mutual fund screening covers US-listed funds only - no TSX-listed fund verdicts
  • Pro subscription required for ratio-level reports, alternative rulebooks, and multiple linked accounts

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

SPFunds (5)

  • SP Funds S&P World ETF · SPWODetails
  • SP Funds S&P 500 Shariah Industry Exclusions ETF · SPUSDetails
  • SP Funds S&P Global REIT Shariah ETF · SPREDetails
  • SP Funds Dow Jones Global Sukuk ETF · SPSKDetails
  • SP Funds S&P Global Technology ETF · SPTEDetails

Zoya (1)

  • Sharia Compliance Investment Screening
SPFunds - halal finance provider logo

SPFunds

Pays HalalWallet: No. SPFunds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit SPFunds Full review
Zoya - halal finance provider logo

Zoya

Pays HalalWallet: No. Zoya pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Zoya Full review

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How do SPFunds and Zoya compare for investing?

SPFunds and Zoya both offer investing. This page lines up 16 listed data points side by side, with 7 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all of Canada.
  • SPFunds uses Index-based; Zoya uses Stock Screener.
  • Shariah oversight: SPFunds discloses Third-Party Certified; Zoya discloses Named Scholar.

Source: HalalWallet (halalwallet.ca)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-11-13

How to cite this page

Preferred format (HTML):

According to HalalWallet (“SPFunds vs Zoya”, https://www.halalwallet.ca/compare/spfunds-vs-zoya, retrieved 2026-11-14).

For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.

What HalalWallet is and is not

Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.

What we do

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

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