SPFunds SP Funds S&P Global REIT Shariah ETF

SP Funds is the fund arm of the ShariaPortfolio group, headquartered at 1331 S. International Pkwy in Lake Mary, Florida (contact page, 2026-08-05), and calls itself North America's largest family of Sharia-compliant investment funds. For Canadians it matters because the five NYSE-listed ETFs are, in practice, the default building blocks of a diversified halal portfolio: the CAD-listed universe consists of a single fund (Wealthsimple's WSHR), so anyone who wants US large-cap concentration, sukuk, REITs, or sector exposure ends up crossing the border on their brokerage's US side.

The lineup, with net assets as of August 2026: SPUS ($2.9B, 0.45%) tracks the S&P 500 Shariah Industry Exclusions Index of roughly 210 US large caps; SPSK ($645M, 0.50%) tracks the Dow Jones Sukuk Total Return Index and is the only US-listed sukuk ETF; SPRE ($221M, 0.50%) covers about 30 Shariah-screened REITs worldwide; SPTE ($217M, 0.55%) tracks roughly 100 global technology names; and SPWO ($200M, 0.55%) holds about 500 Shariah-screened constituents split between developed and emerging markets outside the US. All pay monthly distributions.

The Canadian mechanics deserve honesty. The funds trade in USD, so each buy and sell involves currency conversion at your brokerage's rate. They can be held inside Canadian registered accounts through any brokerage that offers US market access, but distributions received inside a TFSA, FHSA or RESP are subject to 15% US withholding tax that cannot be recovered in those accounts - the structural advantage the CAD-listed WSHR holds over every US-listed halal fund. SP Funds itself publishes no Canada-specific availability, tax, or registration guidance; we found no Canadian entity or Canadian securities registration disclosed on sp-funds.com as of the 2026-08-05 crawl. Access simply rides on the standard ability of Canadian brokerages to trade NYSE-listed securities.

Shariah governance is documented but lighter than a formal board. Screening follows AAOIFI rules - less than 5% of revenue from prohibited sources, interest-bearing debt capped at 30-33% of market capitalization on a trailing 12-month basis - with non-compliant holdings removed at quarterly rebalancing. Every fund publishes a Certificate of Sharia Accreditation and a Sharia Auditor Report, and quarterly purification factors come with a free calculator (Q1 2026: 1.81% of dividends for SPUS, 0.52% for SPRE, 2.27% for SPTE, 1.55% for SPWO; SPSK is exempt because SP Funds holds that sukuk are compliant by construction). The soft spot: the scholars issuing the certificates are not named, and manager-level oversight runs through a single named advisor, Shaykh Umer Khan, ShariaPortfolio's Sharia Advisor since October 2022.

For Canadians who want the same exposure with hands on the wheel, the group's own answer is ShariaPortfolio Canada: an advised route covering the full registered-account stack (RRSP, TFSA, RESP, RRIF, LIRA, FHSA, IPP/PPP) with custody at Fidelity Clearing Canada. Self-directed investors skip the advisory fee and simply buy the tickers - accepting the currency conversion and the withholding math as the price of the deepest halal fund shelf in North America.