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Investing comparison

SPFunds vs Zoya

SPFunds and Zoya 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.
  • SPFunds uses Index-based / Mutual Funds; Zoya uses Stock Screener.
  • Shariah oversight: SPFunds discloses Third-Party Certified; Zoya discloses Named Scholar.
  • HalalWallet Index: SPFunds holds a A-; Zoya holds a B-.
  • On measurable rows, SPFunds has the better listed value on 3 and Zoya on 0.
  • 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.

SPFunds vs Zoya: the full side-by-side

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

SPFunds - halal finance provider logo

SPFunds

A-
Zoya - halal finance provider logo

Zoya

B-

20 of 20 rows

Availability

  • States covered

    Same
    SPFunds: All 50 states
    Zoya: All 50 states
Costs

  • Expense ratio

    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…)
    Zoya: Not listed

  • Management fee

    SPFunds: 0.45% (unitary fee to ShariaPortfolio, Inc.) Edge
    Zoya: $14.99/month or $119.99/year

  • Minimum investment

    SPFunds: $250 ($50,000 institutional); $25 subsequent
    Zoya: Not listed
Shariah

  • Structure

    SPFunds: Index-based / Mutual Funds
    Zoya: Stock Screener

  • Shariah oversight

    SPFunds: Third-Party Certified
    Zoya: Named Scholar

  • Shariah board / scholar

    SPFunds: third_party_certified
    Zoya: named_scholar

  • Published fatwa / certificate

    Same
    SPFunds: No
    Zoya: No

  • Screening standard

    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)
    Zoya: AAOIFI standards
Products

  • Products listed

    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
    Zoya: Zoya Stock Screener, Zoya Brokerage Integration

  • Best for

    SPFunds: Halal technology sector exposure
    Zoya: DIY halal stock pickers

  • Product types

    SPFunds: ETF, Mutual Fund
    Zoya: Stock Screener, Brokerage

  • Tickers

    SPFunds: SPTE, SPUS, SPSK, SPTAX, SPTBX +3 more
    Zoya: Not listed

  • Holdings

    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)
    Zoya: Not listed

  • Account types

    SPFunds: Individual, IRA, Roth IRA, Employer retirement plan
    Zoya: Individual, IRA, Roth IRA

  • Focus

    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)
    Zoya: Halal Stock Screening (Zoya Stock Screener) · Portfolio Compliance Monitoring (Zoya Brokerage Integration)
Track record

  • HalalWallet Index grade

    SPFunds: A- Edge
    Zoya: B-

  • Founded

    SPFunds: 2019 Edge
    Zoya: 2020

  • Awards

    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)
    Zoya: Not listed

  • Assets under management

    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)
    Zoya: Not listed

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

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

Zoya

  • Screens thousands of stocks for Sharia compliance
  • Methodology overseen by AAOIFI-certified scholar Sheikh Joe Bradford and Sheikh Umer Khan
  • Purification tracking supported alongside screening
  • Available nationwide in all 50 states
  • Links your existing brokerage so holdings are monitored for compliance automatically
  • Full access costs $14.99/month or $119.99/year via app stores - pricier than Musaffa's $72/year
  • A research tool, not a brokerage - trades happen elsewhere (though pass-through ordering covers seven brokers)
  • Free tier is status-only: no ratio detail, and fund screening stops at top-10 holdings
  • App-store and web pricing diverge without explanation on the site
  • Requires a paid plan for real use - $14.99/month or $119.99/year via app stores

Products behind the numbers

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

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

Zoya (2)

SPFunds - halal finance provider logo

SPFunds

Visit SPFunds Full review
Zoya - halal finance provider logo

Zoya

Visit Zoya Full review

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How do SPFunds and Zoya compare for investing?

SPFunds and Zoya 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.
  • SPFunds uses Index-based / Mutual Funds; Zoya uses Stock Screener.
  • Shariah oversight: SPFunds discloses Third-Party Certified; Zoya discloses Named Scholar.

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 (“SPFunds vs Zoya”, https://www.halalwallet.us/compare/spfunds-vs-zoya, 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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