SPFunds SP Funds S&P World ETF
Halal Investing in Maine
Provides exposure to a broad range of international developed and emerging market companies
SPFunds offers ETF, a etf designed for Shariah-compliant investors. The fund carries an expense ratio of 0.55%. Best suited for: Sukuk & equity ETFs.
Pros
- Broadest diversification (~400 holdings)
- True global exposure
- One-fund portfolio option
Cons
- Newer fund
- Smaller AUM
- Overlap with SPUS for US holdings
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Product Details
Type
ETF
Expense Ratio
0.55%
Account Types
Individual, IRA, Roth IRA
Screening Method
S&P World Shariah screening
Holdings
~400
SPFunds in Maine
SPFunds's SP Funds S&P World ETF is available to investors in Maine, structured as a Index-based. The fund carries an expense ratio of 0.55%. It holds a HalalWallet rating of 4.5/5. Maine is home to an estimated ~17K Muslims (1.2% of the population) (World Population Review, 2020 estimates). SPFunds operates nationwide, so Maine residents have full access to this product.
Our Take on SPFunds
SP Funds offers the broadest family of halal ETFs in the U.S. SPUS is a strong core equity holding at 0.45% expense ratio, and SPSK provides sukuk exposure that's hard to find elsewhere. Essential building blocks for a diversified halal portfolio.
How SPFunds Works
Open a Brokerage Account
Use any standard brokerage — Fidelity, Schwab, Vanguard, Robinhood, or others. No special halal brokerage needed.
Search for SP Funds Ticker
Search for the ticker you want: SPUS (equity), SPSK (sukuk), SPTE (tech), SPRE (real estate), or SPWO (international).
Buy Shares
Place a buy order just like any stock or ETF. Shares trade on NYSE Arca during market hours.
Hold and Monitor
SP Funds handles ongoing Shariah screening and index rebalancing. Your brokerage handles custody and reporting.
Financing Structure
SP Funds ETFs are exchange-traded funds that track Shariah-screened indexes. Each ETF holds a basket of securities that have passed AAOIFI-aligned screening criteria — companies are evaluated for debt ratios, interest income, and revenue from impermissible activities. The ETFs are passively managed, meaning they track their indexes rather than making active stock-picking decisions.
In-Depth Analysis
SP Funds, launched in 2019, manages the broadest family of Shariah-compliant exchange-traded funds (ETFs) listed on U.S. exchanges. Their flagship SPUS (S&P 500 Sharia Industry Exclusions ETF) provides large-cap U.S. equity exposure with a 0.45% expense ratio, making it one of the lowest-cost halal equity ETFs available.
What sets SP Funds apart is the breadth of their ETF lineup. Beyond SPUS, they offer SPSK (sukuk ETF at 0.55% expense ratio) — one of the only ways to access sukuk (Islamic bonds) through a U.S.-listed ETF. They also offer sector-specific ETFs: SPTE (technology at 0.55%), SPRE (real estate at 0.55%), and SPWO (international at 0.55%). This range allows investors to build a diversified halal portfolio using a single fund family.
SP Funds ETFs trade on NYSE Arca and can be purchased through any standard brokerage account — Fidelity, Schwab, Vanguard, Robinhood, or any platform that supports ETF trading. This means investors don't need a separate halal-specific brokerage. The main limitation is that SP Funds manages ETFs only; they don't provide advisory services, portfolio management, or a brokerage platform.
Shariah Compliance Details
- SP Funds employs a Shariah Advisory Board that oversees the screening methodology applied to all ETFs in the family.
- The screening criteria are aligned with AAOIFI standards, evaluating companies on financial ratios including total debt to market capitalization, interest-bearing investments, and revenue from impermissible activities.
- The indexes are rebalanced periodically to remove companies that no longer meet screening thresholds and add newly compliant companies.
How SPFunds Compares
SP Funds competes in the halal ETF space primarily against Wahed's HLAL ETF and against Amana Funds' mutual funds. The comparison depends on whether investors want an ETF or mutual fund and which expense ratio and index methodology they prefer.
HLAL (0.50% expense ratio) competes with SPUS (0.45%) as a halal large-cap equity ETF. Compare index methodology and performance.
Amana offers mutual funds with a longer track record since 1986. ETFs generally have lower ongoing costs.
Bottom Line
SP Funds provides essential building blocks for a diversified halal investment portfolio. SPUS for equities at 0.45%, SPSK for sukuk, and specialty ETFs for targeted exposure. If you're a self-directed investor, SP Funds ETFs should be on your shortlist.
Read full SPFunds reviewShariah Compliance & Oversight
Operates Islamic investment funds reviewed by Sharia advisors to ensure alignment with recognized Islamic finance standards.
Sharia compliance overseen by Raqaba LLC as Sharia Advisor. Advises on AAOIFI/Islamic standards; annual audits.
2026-02
State Availability
SPFunds serves all 50 states + DC
✓ Available nationwide including Maine
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Visit SPFunds's website to get current terms, check eligibility for Maine, and get started today.
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Compare With Other Options in Maine
20 other investing products available to Maine residents
Index-based · 49 states
Halal Investment Growth Estimate
See how your halal investments could grow over time
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
What is SPFunds SP Funds S&P World ETF?
What Shariah oversight does SPFunds SP Funds S&P World ETF have?
Is SPFunds SP Funds S&P World ETF available in Maine?
What Shariah oversight does SPFunds have?
What financing structure does SPFunds SP Funds S&P World ETF use?
How do I apply for SPFunds SP Funds S&P World ETF in Maine?
Halal Finance Score
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Average score: 63/100
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.