SP Funds

SPUS is the SP Funds S&P 500 Sharia Industry Exclusions ETF — an exchange-traded fund that provides halal exposure to approximately 200 Sharia-compliant stocks from the S&P 500 Index. It tracks stocks that pass AAOIFI screening criteria, excluding prohibited industries and companies with excessive interest-based debt or income. SPUS has an expense ratio of 0.45%, trades on NYSE Arca, and can be bought through any US brokerage account with no minimum beyond the share price.

SPUS is an exchange-traded fund (ETF) — it trades intraday at market price through any brokerage with no minimum investment. Wahed Invest is a robo-advisor that requires opening a separate account with a $100 minimum. Amana Funds are mutual funds bought at end-of-day NAV with a $250 minimum. SPUS is best for investors who want low-cost halal S&P 500 exposure through their existing brokerage account.

SPRE is the SP Funds S&P Global REIT Sharia ETF — currently the only Sharia-compliant global REIT ETF available to US investors. It provides exposure to international real estate investment trusts that produce consistent rental income, filtered for Sharia compliance. For Muslim investors who want real estate exposure in their portfolio without investing in conventional interest-financed REITs, SPRE is currently the only dedicated option.

Yes. All SP Funds ETFs including SPUS, SPSK, and SPRE are certified by AAOIFI — the Accounting and Auditing Organization for Islamic Financial Institutions, the leading international standard-setting body for Islamic finance. AAOIFI's Sharia board includes prominent scholars including Sheikh Muhammad Taqi Usmani.

SPUS and SPSK have expense ratios of 0.45%. SPRE has an expense ratio of 0.55%. These are competitive with conventional specialized ETFs and significantly lower than most halal mutual funds. The low expense ratio is one of SP Funds' key advantages for cost-conscious long-term investors.