SP Funds
Profit Rate
Contact for rates
Min Down
Contact
States
All 50
Verified
Yes
IjaraCDC — Ijara Community Development Corp.
Profit Rate
7% – 8.5%
Min Down
20%
States
All 50
Verified
Yes
Overall Score
Sharia Compliance
Transparency
Customer Service
SP Funds — All 50 States
🌎 Nationwide coverage
Available in all 50 US states
IjaraCDC — Ijara Community Development Corp. — All 50 States
🌎 Nationwide coverage
Available in all 50 US states
SP Funds
Dallas-based halal ETF provider offering SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and SPSK (sukuk ETF) — AAOIFI-certified Sharia-compliant exchange-traded funds with Independently rated 4.5/5 with particularly strong scores on Sharia compliance.
IjaraCDC — Ijara Community Development Corp.
Michigan-based nonprofit specializing exclusively in the Ijara (lease-to-own) home financing model. Operates as a Sharia compliance structuring organization — not a lender. Covers Independently rated 4.1/5 with particularly strong scores on Sharia compliance.
* Ratings based on independent editorial review. We may receive a referral fee if you apply through our links — this does not affect our ratings.
Overall winner: SP Funds (4.5/5)
SP Funds is our top recommendation for cost-conscious US Muslim investors seeking AAOIFI-certified halal ETFs with no minimum investment. SPUS is the most straightforward halal S&P 500 exposure available. SPRE is unique — the only halal global REIT ETF in the US market. Available on all major brokerages at an expense ratio of 0.45%.
SP Funds
SP Funds is our top recommendation for cost-conscious US Muslim investors seeking AAOIFI-certified halal ETFs with no minimum investment. SPUS is the most straightforward halal S&P 500 exposure available. SPRE is unique — the only halal global REIT ETF in the US market. Available on all major brokerages at an expense ratio of 0.45%.
Full reviewIjaraCDC — Ijara Community Development Corp.
IjaraCDC is our recommendation for buyers specifically seeking Ijara financing and for community institutions financing mosques, schools, or Islamic centers. Its nonprofit mission and educational focus are genuine differentiators. We recommend verifying current contract compliance with a qualified scholar before proceeding, given AMJA's historical concerns.
Full reviewRatings based on independent editorial research. No provider pays to receive a higher score.
Based on Fair Meridian's independent ratings, SP Funds scores higher overall with a 4.5/5 rating. However, the best choice depends on your state, financing structure preference, and specific needs.
Yes. SP Funds is licensed in all 50 US states.
Yes. IjaraCDC — Ijara Community Development Corp. is licensed in all 50 US states.
SP Funds: Dallas-based halal ETF provider offering SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and SPSK (sukuk ETF) — AAOIFI-certified Sharia-compliant exchange-traded funds with low expense ratios, available on any US brokerage. IjaraCDC — Ijara Community Development Corp.: Michigan-based nonprofit specializing exclusively in the Ijara (lease-to-own) home financing model. Operates as a Sharia compliance structuring organization — not a lender. Covers all 50 US states and Canadian provinces. See the full rating breakdown and product comparison above.