SPFunds Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
SP Funds manages the broadest family of halal ETFs accessible from Canada: five NYSE-listed funds covering US equity (SPUS), global sukuk (SPSK), global REITs (SPRE), global technology (SPTE), and international ex-US equity (SPWO), all screened to AAOIFI standards. The funds trade in US dollars, so Canadians hold them through any brokerage with US market access.
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Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
SPFunds - At a Glance
5
Products Reviewed
10
Provinces Served
1
Category
Shariah Compliance Review
Oversight Level
Third-Party Certified - externally verified for compliance
SP Funds employs a Shariah Advisory Board that oversees the screening methodology applied to all ETFs in the family.
Shariah compliance should always be verified directly with SPFunds. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Bottom Line
Review the products listed above and compare SPFunds with other providers. Confirm terms and Shariah documentation directly with SPFunds.
Products from SPFunds
SPFunds
SP Funds S&P Global Technology ETF
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.
Opens provider site - no obligation
SPFunds
SP Funds Dow Jones Global Sukuk ETF
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.
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SPFunds
SP Funds S&P World ETF
SPWO is the broadest fund in the SP Funds family: it tracks the S&P DM Ex-US & EM 50/50 Shariah Index, roughly 500 Shariah-screened constituents split evenly between developed and emerging markets outside the United States. It is the natural international complement to SPUS, completing a halal three-fund portfolio with SPSK. Net assets stood at $200M in August 2026 with a 0.55% expense ratio per the prospectus. One structural quirk: capped-index weighting still left Taiwan Semiconductor near 20% of the fund at mid-2026.
Opens provider site - no obligation
SPFunds
SP Funds S&P Global REIT Shariah ETF
SPRE gives halal investors real estate exposure without owning property: it tracks the S&P Global All Equity REIT Shariah Capped Index, about 30 REITs worldwide screened so rental income sources and leverage ratios meet Shariah requirements. Net assets were $221M in August 2026 with a 0.50% expense ratio and monthly distributions, and it consistently carries the lowest purification factors in the SP Funds family (Q1 2026: 0.52% of dividends) because rental income dominates. NYSE-listed in USD.
Opens provider site - no obligation
SPFunds
SP Funds S&P 500 Shariah Industry Exclusions ETF
SPUS is the largest halal ETF in North America: $2.9B in net assets tracking the S&P 500 Shariah Industry Exclusions Index, roughly 210 US large caps that pass S&P's Shariah business-activity and financial-ratio screens with extra industry exclusions. The 0.45% expense ratio is the cheapest in the SP Funds family, distributions are paid monthly, and the fund lists on the NYSE in US dollars - Canadians buy it through any brokerage with US market access and absorb currency conversion plus withholding-tax considerations in registered accounts.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Halal verdicts for SPFunds's funds
Our AAOIFI-based Shariah screen - business activity, financial ratios, purification, and where scholars differ - for the specific funds SPFunds offers.
Where Available
Based on listings we track, SPFunds is listed in the following provinces:
Availability may vary by product type. Always verify current availability directly with SPFunds.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and province availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
SPFunds is in HalalWallet's independent directory for Investing, with listings covering 10 provinces. Structures we list: Index-based. Confirm terms and Shariah documentation directly with SPFunds.
- SPFunds currently has 5 products in our listings (Investing).
- Coverage we list: 10 provinces.
- Contract structures we list: Index-based.
- Always verify compliance directly with SPFunds and consult qualified Islamic finance advisors when needed.
- Compare SPFunds with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.ca)
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
How to cite this page
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For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does SPFunds offer?
SPFunds has 5 products we currently list across 1 category. Structures we list: Index-based. Review the products listed above for current offerings. Confirm terms directly with SPFunds.
How does SPFunds ensure Shariah compliance?
Review SPFunds's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with SPFunds and consult with qualified Islamic finance advisors for guidance on specific products.
Is SPFunds available in my province?
Based on listings we track, SPFunds is listed in 10 provinces. Availability can vary by product type. Always verify current availability directly with SPFunds.
Are SPFunds's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact SPFunds?
Visit SPFunds at www.sp-funds.com, or use the product links on this page.
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