Investing · SPFunds
SPFunds SP Funds Dow Jones Global Sukuk ETF
Co-Founder & CEO, HalalWallet
Facts are re-verified against SPFunds's published materials; this page updates when the provider's terms, rates, or coverage change.
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.
Opens provider's 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
What is the 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.
- Contract structure: Index-based.
- Expense ratio: 0.50%.
- Available in 10 provinces.
- Shariah oversight disclosed: Third-Party Certified.
- Verified against SPFunds's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.ca)
Key facts
- Structure
- Index-based
- Program type
- ETF
- Ticker
- SPSK
- Expense ratio
- 0.50%
- Screening method
- Sukuk-only universe - Dow Jones Sukuk Total Return Index eligibility rules
- Holdings
- ~170
- Assets under management
- $0.6B
- Focus
- Global Bond (Sukuk)
- Availability
- 10 provinces
- Shariah oversight
- Third-Party Certified
- Last verified
- 2026-08-05
Facts are taken from SPFunds's published product materials and were last verified on 2026-08-05. Fields the provider does not publish are omitted rather than estimated.
Our take
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.
Strengths
- Only US-listed sukuk ETF - a rare halal fixed-income sleeve
- Fixed-income diversification with low correlation to equities
- Monthly distributions with a 4.59% 30-day SEC yield (Jul 31, 2026)
- No purification required per SP Funds' published policy
- Investment-grade global sukuk exposure in one ticker
Watch-outs
- Bond-like returns (lower growth)
- Currency risk on global sukuks
- Smaller AUM than equity ETFs
- USD-listed - currency conversion applies, and dividends lose 15% US withholding tax in a TFSA/FHSA/RESP (exempt in an RRSP)
Is the SPFunds SP Funds Dow Jones Global Sukuk ETF halal?
SPSK holds sukuk from the Dow Jones Sukuk Total Return Index - asset-backed certificates whose returns come from underlying assets and profit streams rather than interest, making it a rare halal fixed-income substitute in ETF form. SP Funds publishes a Certificate of Sharia Accreditation and Sharia Auditor Report for the fund under its AAOIFI-aligned methodology.
Shariah oversight disclosed by SPFunds
SP Funds employs a Shariah Advisory Board that oversees the screening methodology applied to all ETFs in the family.
Read our full AAOIFI-based Shariah screen for SPSK →
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- First US-listed sukuk ETF (December 2019), tracking the Dow Jones Sukuk Total Return Index
- No purification required - sukuk returns derive from underlying assets, per SP Funds' published policy
- 0.50% expense ratio; monthly distributions
- Multi-manager structure: Toroso as adviser, Exponential ETFs and ShariaPortfolio as sub-advisers
- Published Certificate of Sharia Accreditation and Sharia Auditor Report
- NYSE-listed in USD - the rare halal fixed-income sleeve accessible from a Canadian brokerage
Cost and terms
0.50% expense ratio; no fund minimum - NYSE-listed at about USD $18/share in early Aug 2026; net assets $645M as of Aug 4, 2026; 30-day SEC yield 4.59% as of Jul 31, 2026; bought through any Canadian brokerage with US access, with currency conversion and TFSA/FHSA/RESP withholding tax on distributions (verified 2026-08-05)
How it compares
Other investing providers we list in Canada, ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| SPFunds SP Funds Dow Jones Global Sukuk ETF (this page) | Index-based | Third-Party Certified | 10 provinces | — |
| Wahed Dow Jones Islamic World ETF | Index-based | Third-Party Certified | 10 provinces | B |
| Manzil Russell Halal USA Broad Market ETF | Index-based | Third-Party Certified | every province | A |
| Assad Wealth Management Wealth Management | Wealth Management | No Public Review | 10 provinces | — |
| ShariaPortfolio Wealth Management | Wealth Management | Third-Party Certified | 4 provinces | — |
Other SPFunds products
- SP Funds S&P World ETF
Investing · Index-based
- SP Funds S&P 500 Shariah Industry Exclusions ETF
Investing · Index-based
- SP Funds S&P Global REIT Shariah ETF
Investing · Index-based
- SP Funds S&P Global Technology ETF
Investing · Index-based
Where it's available
SPFunds lists the SP Funds Dow Jones Global Sukuk ETF as available in 10 provinces.
Availability may vary by product and can change; verify with SPFunds before applying.
Frequently asked questions
Is the SPFunds SP Funds Dow Jones Global Sukuk ETF halal?
SPSK holds sukuk from the Dow Jones Sukuk Total Return Index - asset-backed certificates whose returns come from underlying assets and profit streams rather than interest, making it a rare halal fixed-income substitute in ETF form. SP Funds publishes a Certificate of Sharia Accreditation and Sharia Auditor Report for the fund under its AAOIFI-aligned methodology. Contract structure: Index-based. Shariah oversight disclosed by SPFunds: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the SPFunds SP Funds Dow Jones Global Sukuk ETF work?
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. 50% expense ratio and monthly distributions.
What does the SPFunds SP Funds Dow Jones Global Sukuk ETF cost?
0.50% expense ratio; no fund minimum - NYSE-listed at about USD $18/share in early Aug 2026; net assets $645M as of Aug 4, 2026; 30-day SEC yield 4.59% as of Jul 31, 2026; bought through any Canadian brokerage with US access, with currency conversion and TFSA/FHSA/RESP withholding tax on distributions (verified 2026-08-05)
Where is the SPFunds SP Funds Dow Jones Global Sukuk ETF available?
SPFunds lists this product as available in 10 provinces. Availability can change and may differ by province; verify directly with SPFunds.
What are the alternatives to the SPFunds SP Funds Dow Jones Global Sukuk ETF?
In the same category we also list Wahed Dow Jones Islamic World ETF (HalalWallet Index B), Manzil Russell Halal USA Broad Market ETF (HalalWallet Index A), Assad Wealth Management Wealth Management. Compare every option side by side on our Halal Investing hub.
When was this SPFunds product information last verified?
HalalWallet last verified the SPFunds SP Funds Dow Jones Global Sukuk ETF details against SPFunds's published materials on 2026-08-05. Rates, fees, and availability can change after that date.
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: 2026-08-05
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.