Investing · SPFunds
SPFunds SP Funds S&P Global REIT Shariah 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.
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.
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What is the 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. 52% of dividends) because rental income dominates.
- 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
- SPRE
- Expense ratio
- 0.50%
- Screening method
- AAOIFI - S&P Shariah REIT screens on rental income sources and leverage
- Holdings
- ~30
- Assets under management
- $0.2B
- Focus
- Global Real Estate
- 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
SPRE delivers Shariah-screened global real estate exposure without the burden of owning property directly, at a 0.50% expense ratio with monthly distributions and $221M in net assets as of August 2026. Because returns flow from rental income on real property rather than interest, it carries the lowest purification burden in the SP Funds lineup - just 0.52% of dividends in Q1 2026. With only about 30 holdings it is a concentrated single-sector fund exposed to property cycles and rate sensitivity, and the USD listing adds conversion costs and 15% withholding drag for Canadians in a TFSA, FHSA, or RESP. Best as a small real-estate satellite position alongside a diversified halal core like SPUS or WSHR.
Strengths
- Real estate income exposure without direct ownership
- Shariah-screened REITs - highly-levered trusts excluded structurally
- Global diversification across property markets
- Lowest purification factors in the SP Funds family (Q1 2026: 0.52%)
- Monthly distributions
Watch-outs
- Concentrated portfolio (~30 holdings)
- Real estate sector risk
- Smaller AUM
- 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 S&P Global REIT Shariah ETF halal?
SPRE tracks the S&P Global All Equity REIT Shariah Capped Index: real estate investment trusts screened so that rental income sources and financial ratios meet Shariah requirements. Returns derive from real property income rather than interest, within SP Funds' AAOIFI-aligned methodology backed by published Sharia accreditation certificates and auditor reports.
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 SPRE →
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Tracks the S&P Global All Equity REIT Shariah Capped Index - leverage-screened REITs worldwide
- Returns driven by rental income on real property, not interest; highly-levered REITs excluded structurally
- 0.50% expense ratio; monthly distributions
- Published Certificate of Sharia Accreditation and Sharia Auditor Report
- Lowest purification factors in the SP Funds family (Q1 2026: 0.52% of dividends), published quarterly
- NYSE-listed in USD - bought through any Canadian brokerage with US market access (currency conversion applies)
Cost and terms
0.50% expense ratio; no fund minimum - NYSE-listed at about USD $21/share in early Aug 2026; net assets $221M as of Aug 4, 2026; 30-day SEC yield 2.18% as of Jul 31, 2026; monthly distributions; currency conversion and TFSA/FHSA/RESP withholding tax apply for Canadians (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 S&P Global REIT Shariah ETF (this page) | Index-based | Third-Party Certified | 10 provinces | — |
| Manzil Russell Halal USA Broad Market ETF | Index-based | Third-Party Certified | every province | A |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | 10 provinces | B |
| 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
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- SP Funds S&P 500 Shariah Industry Exclusions ETF
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- SP Funds S&P Global Technology ETF
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- SP Funds Dow Jones Global Sukuk ETF
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Where it's available
SPFunds lists the SP Funds S&P Global REIT Shariah 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 S&P Global REIT Shariah ETF halal?
SPRE tracks the S&P Global All Equity REIT Shariah Capped Index: real estate investment trusts screened so that rental income sources and financial ratios meet Shariah requirements. Returns derive from real property income rather than interest, within SP Funds' AAOIFI-aligned methodology backed by published Sharia accreditation certificates and auditor reports. 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 S&P Global REIT Shariah ETF work?
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. 52% of dividends) because rental income dominates. NYSE-listed in USD.
What does the SPFunds SP Funds S&P Global REIT Shariah ETF cost?
0.50% expense ratio; no fund minimum - NYSE-listed at about USD $21/share in early Aug 2026; net assets $221M as of Aug 4, 2026; 30-day SEC yield 2.18% as of Jul 31, 2026; monthly distributions; currency conversion and TFSA/FHSA/RESP withholding tax apply for Canadians (verified 2026-08-05)
Where is the SPFunds SP Funds S&P Global REIT Shariah 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 S&P Global REIT Shariah ETF?
In the same category we also list Manzil Russell Halal USA Broad Market ETF (HalalWallet Index A), Wahed FTSE USA Shariah ETF (HalalWallet Index B), 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 S&P Global REIT Shariah 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:
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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
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