SPFunds SP Funds Dow Jones Global Sukuk ETF

Halal Investing in British Columbia

SPSK is the only US-listed sukuk ETF - the closest thing to a halal bond fund available through a Canadian brokerage. It tracks the Dow Jones Sukuk Total Return Index, holding roughly 170 investment-grade, USD-denominated sukuk whose returns come from underlying assets and profit streams rather than interest. Net assets stood at $645M in August 2026 with a 0.50% expense ratio and monthly distributions. SP Funds states no purification is required on SPSK because sukuk are Sharia-compliant by construction.

As the only US-listed sukuk ETF, SPSK fills the fixed-income slot that halal portfolios usually leave empty, spreading roughly 170 sukuk holdings with low correlation to equities and a 30-day SEC yield of 4.59% as of July 2026. The 0.50% expense ratio is reasonable for a niche asset class nobody else wraps in an ETF, and SP Funds' policy states sukuk income needs no purification. Returns are bond-like by design - do not expect equity growth - and Canadian buyers face currency conversion plus 15% US withholding tax on distributions in registered accounts other than an RRSP. Best for investors who want to dampen portfolio volatility without touching conventional bonds, especially retirees drawing income.