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Investing comparison

Azzad Asset Management vs SPFunds

Azzad Asset Management and SPFunds both offer investing. This page lines up 20 listed data points side by side, with 12 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Oct 2026

At a glance

  • Both are available in all 50 states.
  • Azzad Asset Management uses Wealth Management; SPFunds uses Index-based / Mutual Funds.
  • Both disclose the same level of Shariah oversight: Third-Party Certified.
  • HalalWallet Index: Azzad Asset Management holds a B; SPFunds holds a A-.
  • On measurable rows, Azzad Asset Management has the better listed value on 1 and SPFunds on 3.
  • They differ on 12 of the 20 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Azzad Asset Management vs SPFunds: the full side-by-side

20 data points from each provider's published materials, lined up row by row. They differ on 12.

Azzad Asset Management - halal finance provider logo

Azzad Asset Management

B
SPFunds - halal finance provider logo

SPFunds

A-

20 of 20 rows

Availability

  • States covered

    Same
    Azzad Asset Management: All 50 states
    SPFunds: All 50 states
Costs

  • Expense ratio

    Azzad Asset Management: Not listed
    SPFunds: 0.55% (SP Funds S&P Global Techno…) · 0.45% (SP Funds S&P 500 Shariah I…) · 0.50% (SP Funds Dow Jones Global…) · 1.31% (SPTAX) / 0.91% (SPTMX) (SP Funds 2030 Target Date…) · 1.32% (SPTBX) / 0.92% (SPTNX) (SP Funds 2040 Target Date…) · 1.33% (SPTCX) / 0.93% (SPTOX) (SP Funds 2050 Target Date…)

  • Management fee

    Azzad Asset Management: ~1% wrap fee, declining with AUM
    SPFunds: 0.45% (unitary fee to ShariaPortfolio, Inc.) Edge

  • Minimum investment

    Azzad Asset Management: $500,000 (wrap program); $1,000 ADJEX / $4,000 WISEX funds
    SPFunds: $250 ($50,000 institutional); $25 subsequent Edge
Shariah

  • Structure

    Azzad Asset Management: Wealth Management
    SPFunds: Index-based / Mutual Funds

  • Shariah oversight

    Same
    Azzad Asset Management: Third-Party Certified
    SPFunds: Third-Party Certified

  • Shariah board / scholar

    Same
    Azzad Asset Management: third_party_certified
    SPFunds: third_party_certified

  • Published fatwa / certificate

    Same
    Azzad Asset Management: No
    SPFunds: No

  • Screening standard

    Azzad Asset Management: AAOIFI standards
    SPFunds: S&P Global Technology Shariah screening (SP Funds S&P Global Techno…) · S&P 500 Shariah screening (SP Funds S&P 500 Shariah I…) · Dow Jones Sukuk Total Return Index (SP Funds Dow Jones Global…) · AAOIFI standards via underlying SP Funds ETFs (SP Funds 2030 Target Date…) · S&P Global REIT Shariah screening (SP Funds S&P Global REIT S…) · S&P World Shariah screening (SP Funds S&P World ETF)
Products

  • Products listed

    Azzad Asset Management: Azzad Wealth Management
    SPFunds: SP Funds S&P Global Technology ETF, SP Funds S&P 500 Shariah Industry Exclusions ETF, SP Funds Dow Jones Global Sukuk ETF, SP Funds 2030 Target Date Fund (SPTAX), SP Funds 2040 Target Date Fund (SPTBX), SP Funds 2050 Target Date Fund (SPTCX) +2 more

  • Best for

    Azzad Asset Management: High-net-worth halal wealth management
    SPFunds: Halal technology sector exposure

  • Product types

    Azzad Asset Management: Investment Platform
    SPFunds: ETF, Mutual Fund

  • Tickers

    Azzad Asset Management: Not listed
    SPFunds: SPTE, SPUS, SPSK, SPTAX, SPTBX +3 more

  • Holdings

    Azzad Asset Management: Not listed
    SPFunds: ~100 (SP Funds S&P Global Techno…) · ~200 (SP Funds S&P 500 Shariah I…) · ~170 (SP Funds Dow Jones Global…) · 7 (SPSK, SPUS, SPRE, SPWO, SPTE, GLD, cash) (SP Funds 2030 Target Date…) · 6 (SPUS, SPTE, SPWO, SPRE, SPSK, cash) (SP Funds 2040 Target Date…) · ~30 (SP Funds S&P Global REIT S…) · ~400 (SP Funds S&P World ETF)

  • Account types

    Azzad Asset Management: Individual, IRA, Roth IRA
    SPFunds: Individual, IRA, Roth IRA, Employer retirement plan

  • Focus

    Azzad Asset Management: Full-Service Halal Wealth Management
    SPFunds: Global Technology (SP Funds S&P Global Techno…) · US Large Growth (SP Funds S&P 500 Shariah I…) · Global Bond (Sukuk) (SP Funds Dow Jones Global…) · Target Date / Retirement (SP Funds 2030 Target Date…) · Global Real Estate (SP Funds S&P Global REIT S…) · Global Large Blend (SP Funds S&P World ETF)
Track record

  • HalalWallet Index grade

    Azzad Asset Management: B
    SPFunds: A- Edge

  • Founded

    Azzad Asset Management: 1997 Edge
    SPFunds: 2019

  • Awards

    Azzad Asset Management: Not listed
    SPFunds: Morningstar Silver Medalist Rating (rated Aug 31, 2026; published Sep 29, 2026), U.S. News #3 Best Global Bond ETF (ranked Oct 2026; 3rd of 9 evaluated)

  • Assets under management

    Azzad Asset Management: $1.8B firm-wide (12/31/2025, company-reported)
    SPFunds: $217M (2026-08-04) (SP Funds S&P Global Techno…) · $3.39B (2026-10-07) (SP Funds S&P 500 Shariah I…) · $645M (2026-08-04) (SP Funds Dow Jones Global…) · $6.36M fund total; $3.58M Investor class (2026-10-26) (SP Funds 2030 Target Date…) · $10.17M fund total; $5.36M Investor class (2026-10-26) (SP Funds 2040 Target Date…) · $5.94M fund total (2026-10-26) (SP Funds 2050 Target Date…) · $221M (2026-08-04) (SP Funds S&P Global REIT S…) · $200M (2026-08-04) (SP Funds S&P World ETF)

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Azzad Asset Management

  • Established in 2000 - over two decades of halal wealth management experience
  • AAOIFI-based screening with independent verification by IFAAS and Shariyah Review Bureau certification
  • ICCR membership underscores faith-based shareholder advocacy
  • Available nationwide in all 50 states
  • $500,000 wrap-program minimum shuts out most investors - the Azzad Funds are the accessible entry point
  • Fee schedule is not published on the website; roughly 1% declining must be confirmed in disclosures
  • All-in costs stack: the wrap fee sits on top of underlying manager and fund expenses
  • In-house funds are pricey by current standards (ADJEX 0.99%, WISEX 0.89% net)

SPFunds

  • Focused halal exposure to the global technology sector, not just US names
  • Includes non-US leaders like Taiwan Semiconductor via the S&P Global 1200 universe
  • Full SP Funds compliance file: accreditation certificate, auditor report, quarterly purification
  • Monthly distributions despite the growth mandate
  • Largest halal ETF by AUM at $2.9B - deep liquidity and tight spreads
  • Single-sector concentration - this amplifies rather than diversifies most halal portfolios' existing tech tilt
  • High volatility inherent to a pure technology fund
  • Highest purification burden in the family (2.27% of dividends in Q1 2026)
  • At $217M it is mid-sized; spreads run wider than SPUS
  • US-focused only - pair with an international fund for global coverage

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

Azzad Asset Management (1)

  • Azzad Wealth Management

SPFunds (8)

  • SP Funds S&P Global Technology ETF · SPTEDetails
  • SP Funds S&P 500 Shariah Industry Exclusions ETF · SPUSDetails
  • SP Funds Dow Jones Global Sukuk ETF · SPSKDetails
  • SP Funds 2030 Target Date Fund (SPTAX) · SPTAXDetails
  • SP Funds 2040 Target Date Fund (SPTBX) · SPTBXDetails
  • SP Funds 2050 Target Date Fund (SPTCX) · SPTCXDetails
  • SP Funds S&P Global REIT Shariah ETF · SPREDetails
  • SP Funds S&P World ETF · SPWODetails
Azzad Asset Management - halal finance provider logo

Azzad Asset Management

Visit Azzad Asset Management Full review
SPFunds - halal finance provider logo

SPFunds

Visit SPFunds Full review

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How do Azzad Asset Management and SPFunds compare for investing?

Azzad Asset Management and SPFunds both offer investing. This page lines up 20 listed data points side by side, with 12 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all 50 states.
  • Azzad Asset Management uses Wealth Management; SPFunds uses Index-based / Mutual Funds.
  • Both disclose the same level of Shariah oversight: Third-Party Certified.

Source: HalalWallet (halalwallet.us)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-10-27

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Azzad Asset Management vs SPFunds”, https://www.halalwallet.us/compare/azzad-asset-management-vs-spfunds, retrieved 2026-11-12).

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.

How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.

Product structures and Shariah oversight vary by provider, so finish with three built-in steps:

  • Confirm current terms and halal compliance directly with the provider - their quote is final.
  • Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
  • Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.

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