Investing · SPFunds
SPFunds SP Funds S&P Global REIT Shariah ETF
Co-Founder & CEO, HalalWallet
Facts are re-verified against SPFunds's published materials; this page updates when the provider's terms, rates, or coverage change.
SPRE gives halal portfolios their real estate allocation: a NYSE-listed ETF tracking the S&P Global All Equity REIT Shariah Capped Index, holding roughly 30 REITs worldwide that pass both business-activity and leverage screens - a structural filter that excludes the highly-indebted REITs dominating conventional real estate funds. At the 2026-08-04 fund page check it held $221.41M in net assets with a 2.18% 30-day SEC yield at a 0.50% expense ratio, paying monthly distributions. Purification factors are the family's lowest (Q1 2026: 0.52% of dividends), published quarterly.
Opens provider's site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
What is the SPFunds SP Funds S&P Global REIT Shariah ETF?
SPRE gives halal portfolios their real estate allocation: a NYSE-listed ETF tracking the S&P Global All Equity REIT Shariah Capped Index, holding roughly 30 REITs worldwide that pass both business-activity and leverage screens - a structural filter that excludes the highly-indebted REITs dominating conventional real estate funds. 50% expense ratio, paying monthly distributions.
- Contract structure: Index-based.
- Expense ratio: 0.50%.
- Available in all 50 states.
- Shariah oversight disclosed: Third-Party Certified.
- HalalWallet Index grade for SPFunds in Investing: B.
- Verified against SPFunds's published materials on 2026-08-05.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Index-based
- Program type
- ETF
- Ticker
- SPRE
- Expense ratio
- 0.50%
- Screening method
- S&P Global REIT Shariah screening
- Holdings
- ~30
- Assets under management
- $221M (2026-08-04)
- Focus
- Global Real Estate
- Account types
- Individual, IRA, Roth IRA
- Availability
- all 50 states
- Shariah oversight
- Third-Party Certified
- Provider founded
- 2019
- Last verified
- 2026-08-05
Facts are taken from SPFunds's published product materials and were last verified on 2026-08-05. Fields the provider does not publish are omitted rather than estimated.
Our take
SPRE occupies a genuinely useful niche: REIT income for investors whose principles exclude both interest-based financing and the leverage that powers most conventional real estate funds. The screening does double duty - what makes the portfolio compliant (excluding highly-indebted REITs) also makes it structurally lower-risk than the REIT market at large, though the price is a concentrated book of only about 30 names. Yield at the July 2026 check was a workmanlike 2.18%, paid monthly, with the family's lightest purification load. The 0.50% fee (down from the previously listed 0.55%) is acceptable for specialty exposure. Use it as a five-to-ten-percent income diversifier in a halal portfolio anchored by SPUS and SPSK, and accept that a 30-name REIT fund will have lumpier outcomes than its broad-market siblings.
Strengths
- Real estate income exposure without direct property ownership or interest-based financing
- Leverage screening structurally excludes the most indebted REITs - a real doctrinal and risk difference
- Lowest purification burden in the SP Funds family (0.52% of Q1 2026 dividends)
- Monthly distributions with a 2.18% 30-day SEC yield at the July 2026 mark
Watch-outs
- Concentrated portfolio of roughly 30 holdings - single-name risk is meaningful
- Real estate is rate-sensitive; the sector can lag badly in rising-rate stretches
- At $221M with a specialty mandate, spreads run wider than broad-market funds
Is the SPFunds SP Funds S&P Global REIT Shariah ETF halal?
SPRE holds real estate investment trusts that pass the S&P Global All Equity REIT Shariah Capped Index screens - Sharia-compliant activities, low debt, permissible income, and regulated cash levels - so returns come from rental income on real property rather than from interest or leverage games. The screening has a structural side effect worth understanding: because Sharia rules cap leverage, SPRE systematically excludes highly-levered REITs, making it meaningfully different from conventional REIT ETFs rather than a relabeled one. The halal paper trail is fund-level and published: a Certificate of Sharia Accreditation and a Sharia Auditor Report sit alongside the prospectus in SPRE's document library, and SP Funds publishes quarterly purification factors with a free calculator - SPRE consistently carries the lowest factors in the family (Q1 2026: 0.52% of dividends; the range since 2021 is roughly 0.35-1.15%) because rental income dominates and little interest contaminates it. The manager screens to AAOIFI rules (under 5% impure revenue; interest-bearing debt below 30-33% of market cap), with oversight anchored by Shaykh Umer Khan, ShariaPortfolio's Sharia Advisor since October 2022, a mufti with a Wharton Master's in Finance. Honest notes: the scholars who issue the fund certificates are not identified on the site, no multi-member Shariah supervisory board is named, and purification remains the investor's own obligation - SP Funds calculates but does not deduct.
Shariah oversight disclosed by SPFunds
Sharia compliance overseen by Raqaba LLC as Sharia Advisor. Advises on AAOIFI/Islamic standards; annual audits.
Read our full AAOIFI-based Shariah screen for SPRE →
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Tracks the S&P Global All Equity REIT Shariah Capped Index - leverage-screened REITs across global markets
- 0.50% expense ratio; NYSE-listed; monthly distributions (the highest per-share monthly rate in the SP Funds equity lineup)
- Published Certificate of Sharia Accreditation and Sharia Auditor Report on the fund page
- Lowest purification factors in the family (Q1 2026: 0.52% of dividends), published quarterly with a free calculator
- Structurally excludes highly-levered REITs - a real difference from conventional REIT ETFs
- IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker
Cost and terms
0.50% expense ratio (verified 2026-08-05 on the fund page; previously listed at 0.55%); no fund-level minimum. Net assets $221.41M; 30-day SEC yield 2.18% as of 07/31/2026. Monthly distributions; quarterly purification factors published (Q1 2026: 0.52% of dividends - the family's lowest).
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| SPFunds SP Funds S&P Global REIT Shariah ETF (this page) | Index-based | Third-Party Certified | all 50 states | B |
| Manzil Russell Halal USA Broad Market ETF | Index-based | Third-Party Certified | 49 states | A |
| Wahed FTSE USA Shariah ETF | Index-based | Third-Party Certified | all 50 states | B+ |
| Musaffa Halal ETF Finder | ETF Screener | Formal Board | all 50 states | — |
| Amana Developing World Fund (AMDWX) | Mutual Funds | Third-Party Certified | all 50 states | — |
Other SPFunds products
- SP Funds S&P 500 Shariah Industry Exclusions ETF
Investing · Index-based
- SP Funds S&P Global Technology ETF
Investing · Index-based
- SP Funds Dow Jones Global Sukuk ETF
Investing · Index-based
- SP Funds S&P World ETF
Investing · Index-based
Where it's available
SPFunds lists the SP Funds S&P Global REIT Shariah ETF as available in all 50 states.
Availability may vary by product and can change; verify with SPFunds before applying.
Frequently asked questions
Is the SPFunds SP Funds S&P Global REIT Shariah ETF halal?
SPRE holds real estate investment trusts that pass the S&P Global All Equity REIT Shariah Capped Index screens - Sharia-compliant activities, low debt, permissible income, and regulated cash levels - so returns come from rental income on real property rather than from interest or leverage games. Contract structure: Index-based. Shariah oversight disclosed by SPFunds: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the SPFunds SP Funds S&P Global REIT Shariah ETF work?
SPRE gives halal portfolios their real estate allocation: a NYSE-listed ETF tracking the S&P Global All Equity REIT Shariah Capped Index, holding roughly 30 REITs worldwide that pass both business-activity and leverage screens - a structural filter that excludes the highly-indebted REITs dominating conventional real estate funds. 50% expense ratio, paying monthly distributions. 52% of dividends), published quarterly.
What does the SPFunds SP Funds S&P Global REIT Shariah ETF cost?
0.50% expense ratio (verified 2026-08-05 on the fund page; previously listed at 0.55%); no fund-level minimum. Net assets $221.41M; 30-day SEC yield 2.18% as of 07/31/2026. Monthly distributions; quarterly purification factors published (Q1 2026: 0.52% of dividends - the family's lowest).
Where is the SPFunds SP Funds S&P Global REIT Shariah ETF available?
SPFunds lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with SPFunds.
What are the alternatives to the SPFunds SP Funds S&P Global REIT Shariah ETF?
In the same category we also list Manzil Russell Halal USA Broad Market ETF (HalalWallet Index A), Wahed FTSE USA Shariah ETF (HalalWallet Index B+), Musaffa Halal ETF Finder. Compare every option side by side on our Halal Investing hub.
When was this SPFunds product information last verified?
HalalWallet last verified the SPFunds SP Funds S&P Global REIT Shariah ETF details against SPFunds's published materials on 2026-08-05. Rates, fees, and availability can change after that date.
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.