NYSE ArcaSP Funds

Is SPUS halal?

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is a shariah-screened ETF from SP Funds, tracking the S&P 500 Shariah Industry Exclusions Index with shariah oversight by Raqaba, at an expense ratio of 0.45%, from the issuer's own documents as of July 22, 2026.

SP Funds SPUS fund page + Raqaba Shariah Auditor's Report 2025 (PDF on sp-funds.com). Checked Jul 22, 2026.
TracksS&P 500 Shariah Industry Exclusions Index
Screening standardAAOIFI-screened per issuer; tracks an S&P Shariah index applying business-activity exclusions and leverage limits (issuer cites debt-to-market-cap below 30%)
Shariah reviewRaqaba, issuer publishes an annual Independent Shari'a Auditor's Report by Raqaba plus a Certificate of Sharia Accreditation
Yearly fee0.45%
Assets$2.07 billion. As of Jun 30, 2026
PurificationRaqaba's Shari'a Auditor's Report references purification of income from non-Sharia-compliant sources as part of the process; the fund page states no numeric dividend-cleansing policy
HoldsAbout 200 low-leverage, Sharia-compliant large-cap US stocks screened from the S&P 500
Other funds

Shariah ETFs

All stocks and ETFs
SPWOSP Funds S&P World (ex-US) ETFWorld ex-US, developed + emergingUMMAWahed Dow Jones Islamic World ETFInternational ex-US, actively managedWSHRWealthsimple Shariah World Equity Index ETFDeveloped-world, quality + low-vol