SP Funds
Profit Rate
Contact for rates
Min Down
Contact
States
All 50
Verified
Yes
LARIBA — American Finance House
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
LARIBA — American Finance House — 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.
LARIBA — American Finance House
America's oldest Islamic finance institution, founded in 1987. LARIBA pioneered interest-free financing in the US using its unique Declining Balance Cost of Funds (DBCOF) model. Independently rated 4.4/5 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 reviewLARIBA — American Finance House
LARIBA is our recommendation for buyers who value historical precedent and LARIBA's unique DBCOF financing model. Its nearly 40-year track record is unmatched in the US Islamic finance market. Particularly recommended for California buyers and for buyers who have done extensive research and specifically seek LARIBA's philosophical approach to interest-free finance.
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. LARIBA — American Finance House 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. LARIBA — American Finance House: America's oldest Islamic finance institution, founded in 1987. LARIBA pioneered interest-free financing in the US using its unique Declining Balance Cost of Funds (DBCOF) model. See the full rating breakdown and product comparison above.