Investing · SPFunds
SPFunds SP Funds S&P Global Technology 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.
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.
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What is the 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.
- Contract structure: Index-based.
- Expense ratio: 0.55%.
- 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
- SPTE
- Expense ratio
- 0.55%
- Screening method
- AAOIFI - S&P Shariah screens on the global 1200 IT universe
- Holdings
- ~100
- Assets under management
- $0.2B
- Focus
- Global Technology
- 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
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.
Strengths
- 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
Watch-outs
- 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)
Is the SPFunds SP Funds S&P Global Technology ETF halal?
SPTE tracks a Shariah-screened S&P global technology index - sector exposure built only from companies passing business-activity and financial-ratio screens under SP Funds' AAOIFI-aligned methodology, with a published Certificate of Sharia Accreditation, Sharia Auditor Report, and quarterly purification factors.
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 SPTE →
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 1200 Shariah IT Capped Index - 102 constituents from 14 countries (March 2026)
- Adds non-US tech leaders like Taiwan Semiconductor to US mega-caps
- 0.55% expense ratio; monthly distributions
- Published Certificate of Sharia Accreditation and Sharia Auditor Report
- Highest purification factors in the family (Q1 2026: 2.27% of dividends), published quarterly with a free calculator
- NYSE-listed in USD - accessible via Canadian brokerages with US market access
Cost and terms
0.55% expense ratio; no fund minimum - NYSE-listed at about USD $45/share in early Aug 2026; net assets $217M as of Aug 4, 2026; monthly distributions; 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 S&P Global Technology 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
Investing · Index-based
- SP Funds S&P Global REIT Shariah ETF
Investing · Index-based
- SP Funds Dow Jones Global Sukuk ETF
Investing · Index-based
Where it's available
SPFunds lists the SP Funds S&P Global Technology 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 Technology ETF halal?
SPTE tracks a Shariah-screened S&P global technology index - sector exposure built only from companies passing business-activity and financial-ratio screens under SP Funds' AAOIFI-aligned methodology, with a published Certificate of Sharia Accreditation, Sharia Auditor Report, and quarterly purification factors. 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 Technology ETF work?
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. 55% expense ratio.
What does the SPFunds SP Funds S&P Global Technology ETF cost?
0.55% expense ratio; no fund minimum - NYSE-listed at about USD $45/share in early Aug 2026; net assets $217M as of Aug 4, 2026; monthly distributions; 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 S&P Global Technology 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 Technology 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 Technology 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.
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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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