Is SPUS Halal? SPUS ETF Review
SP Funds S&P 500 Sharia Industry Exclusions ETF
The short answer
SPUS is marketed as a Shariah-compliant ETF by SP Funds. It uses s&p shariah screens aligned with aaoifi financial-ratio guidance and provides approximately 200 lower-leverage companies drawn from the s&p 500. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
SPUS key facts
- Full name
- SP Funds S&P 500 Sharia Industry Exclusions ETF
- Issuer
- SP Funds
- Exchange
- NYSE Arca
- Domicile
- United States
- Exposure
- Approximately 200 lower-leverage companies drawn from the S&P 500
- Index / approach
- S&P 500 Shariah Industry Exclusions Index
- Expense ratio
- 0.45%
- Income treatment
- Distributing
What SPUS owns
SPUS is a concentrated, Shariah-screened route into US large-cap stocks. Sector exclusions and leverage screens make its portfolio materially different from an ordinary S&P 500 fund, with technology often carrying a large weight.
Where it can fit
A core US equity holding for investors who want a familiar large-cap benchmark filtered for Shariah compliance.
A fund's role is more important than its ticker: compare geographic coverage, asset class, concentration, income treatment, tax domicile, and trading access before combining ETFs.
Shariah screening
S&P Shariah screens aligned with AAOIFI financial-ratio guidance. The fund issuer is responsible for its stated methodology and governance. Compliance can change as holdings, company finances, index rules, and scholarly judgments change.
Why investors consider SPUS
- Established US-listed halal ETF with broad brokerage access
- Direct exposure to many of the largest US growth companies
- Lower stated fee than several US-listed halal peers
Risks and trade-offs
- Large positions in a small number of technology companies can drive returns
- It excludes many financial companies, so sector exposure differs from the S&P 500
- US large-cap exposure alone is not a globally diversified portfolio
Verify the primary source
Fund details can change after our July 11, 2026 review. Confirm the latest prospectus, fee, holdings, distribution policy, Shariah certificate, and exchange line with the issuer.
SP Funds — SPUS fund pageSPUS frequently asked questions
Is SPUS halal?
SPUS is marketed as a Shariah-compliant ETF by SP Funds. It uses s&p shariah screens aligned with aaoifi financial-ratio guidance and provides approximately 200 lower-leverage companies drawn from the s&p 500. Investors should verify the latest issuer documents and seek scholar review for their circumstances.
What does SPUS invest in?
SPUS provides approximately 200 lower-leverage companies drawn from the s&p 500. Its benchmark or approach is S&P 500 Shariah Industry Exclusions Index.
What is the SPUS expense ratio?
The issuer materials reviewed on July 11, 2026 list 0.45%. Verify the current figure before investing because fees can change.
What role can SPUS play in a halal portfolio?
A core US equity holding for investors who want a familiar large-cap benchmark filtered for Shariah compliance.