SPFunds SP Funds S&P Global Technology ETF
Halal Investing in Prince Edward Island
SPTE concentrates the SP Funds Shariah screen on global technology: it tracks the S&P Global 1200 Shariah IT Capped Index, roughly 100 tech names from 14 countries that pass AAOIFI-aligned business and financial-ratio screens. That adds non-US leaders like Taiwan Semiconductor to the familiar US mega-caps. Net assets reached $217M in August 2026 with a 0.55% expense ratio. Tech's large cash piles mean SPTE carries the highest purification factors in the family (Q1 2026: 2.27% of dividends), published quarterly with a free calculator.
SPTE concentrates the SP Funds Shariah screen on roughly 100 global technology names, delivering a targeted sector bet that broad halal index funds only offer diluted - and unlike US-only tech funds it reaches names like Taiwan Semiconductor. Net assets hit $217M by August 2026, two years after its late-2023 launch. The trade-offs are single-sector volatility, the family's highest expense ratio tier at 0.55%, and its highest purification factors (2.27% of Q1 2026 dividends, a byproduct of tech's interest-earning cash piles). Canadians also absorb USD conversion plus 15% dividend withholding inside a TFSA, FHSA, or RESP. Best for investors who already hold a diversified core and want a deliberate halal tech tilt.
Pros
- Targeted halal tech-sector exposure broad funds only offer diluted
- Global reach - adds non-US leaders like Taiwan Semiconductor
- Shariah-screened under AAOIFI-aligned methodology with published certificates
- Quarterly purification factors published with a free calculator
Cons
- Concentrated in one sector
- High volatility
- Smaller AUM
- USD-listed - currency conversion applies, and dividends lose 15% US withholding tax in a TFSA/FHSA/RESP (exempt in an RRSP)
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Product Details
Type
ETF
Expense Ratio
0.55%
Screening Method
AAOIFI - S&P Shariah screens on the global 1200 IT universe
Holdings
~100
SPFunds in Prince Edward Island
SPFunds's SP Funds S&P Global Technology ETF is available to investors in Prince Edward Island, structured as a Index-based. The fund carries an expense ratio of 0.55%. SPFunds serves 10 provinces, including Prince Edward Island.
Shariah Compliance & Oversight
Every SP Funds ETF publishes a Certificate of Sharia Accreditation and a Sharia Auditor Report alongside its SEC documents, refreshed with the standard filings. Screening follows AAOIFI rules: less than 5% of revenue from prohibited sources and interest-bearing debt capped at 30–33% of market capitalization on a trailing 12-month basis, with non-compliant holdings removed at quarterly rebalancing. At the manager level, oversight runs through Shaykh Umer Khan, ShariaPortfolio's Sharia Advisor since October 2022 - a mufti (ifta' from Darulifta Birmingham) with a Wharton Master's in Finance. Quarterly purification factors are published per fund with a free calculator; SPSK is exempt because, in SP Funds' words, sukuk are Sharia-compliant by definition. What is not published: the identity of the scholars issuing the fund certificates, and no standing multi-member Shariah supervisory board is named - a lighter formal structure than fund families that maintain independent scholar boards.
2026-08-05
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Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
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