Investing · SPFunds
SPFunds SP Funds S&P Global Technology 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.
SPTE is SP Funds' sector bet: the S&P Global 1200 Shariah Information Technology Capped Index in a NYSE-listed ETF, holding roughly 100 technology names across 14 countries - global leaders like Taiwan Semiconductor alongside the US mega-caps. Launched November 30, 2023, it held $216.77M in net assets at the 2026-08-04 fund page check, with a 0.55% expense ratio and monthly distributions. Purification runs are the family's highest (Q1 2026: 2.27% of dividends), published quarterly with a free calculator, and the fund carries its own Certificate of Sharia Accreditation.
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What is the SPFunds SP Funds S&P Global Technology ETF?
SPTE is SP Funds' sector bet: the S&P Global 1200 Shariah Information Technology Capped Index in a NYSE-listed ETF, holding roughly 100 technology names across 14 countries - global leaders like Taiwan Semiconductor alongside the US mega-caps. 55% expense ratio and monthly distributions.
- Contract structure: Index-based.
- Expense ratio: 0.55%.
- 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
- SPTE
- Expense ratio
- 0.55%
- Screening method
- S&P Global Technology Shariah screening
- Holdings
- ~100
- Assets under management
- $217M (2026-08-04)
- Focus
- Global Technology
- 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
SPTE is a conviction instrument, not a core holding. Most halal equity portfolios are already tech-heavy - screening out banks and leverage does that automatically - so adding a dedicated technology fund doubles down on the sector rather than diversifying it. If that is the deliberate bet, this is a clean way to make it: S&P's global Shariah screening, roughly 100 names across 14 countries so you get Taiwan Semiconductor and other non-US leaders, and SP Funds' usual complete compliance documentation. The 0.55% fee is reasonable for a specialty mandate, and the quarterly purification factors (highest in the family at 2.27% of Q1 2026 dividends) are published with a calculator rather than left as homework. Size it as a satellite position and rebalance with discipline - sector funds reward sellers of euphoria, not buyers of it.
Strengths
- 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
Watch-outs
- 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
Is the SPFunds SP Funds S&P Global Technology ETF halal?
SPTE applies Sharia discipline to the sector Muslims most want to own: it tracks the S&P Global 1200 Shariah Information Technology Capped Index - 102 constituents from 14 countries as of March 2026 - meaning every holding has already passed business-activity and financial-ratio screens (under 5% impure revenue; interest-bearing debt within the 30-33% of market capitalization band, per AAOIFI-aligned rules) before sector selection even begins. The fund publishes its own Certificate of Sharia Accreditation and Sharia Auditor Report, consistent with the rest of the SP Funds lineup, and its purification story is honest about what tech ownership entails: SPTE consistently carries the highest quarterly purification factors in the family (Q1 2026: 2.27% of dividends; the range runs to about 2.7%) precisely because technology companies earn interest on large cash piles - the exact impurity that purification exists to cleanse. SP Funds calculates the factors quarterly under a ShariaPortfolio-developed, AAOIFI-consistent methodology and provides a free calculator, but leaves the donation to the investor to avoid tax complications. Firm-level oversight is anchored by Shaykh Umer Khan, Sharia Advisor since October 2022, a mufti with a Wharton Master's in Finance. The honest caveats: sector concentration risk stacks on top of the narrowed-universe risk all halal funds carry, the certifying scholars are not named on the site, and there is no standing multi-member Shariah supervisory board.
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 SPTE →
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 1200 Shariah IT Capped Index - 102 constituents from 14 countries (March 2026)
- Global reach adds non-US leaders like Taiwan Semiconductor to the usual US mega-caps
- 0.55% expense ratio; NYSE-listed; monthly distributions
- Published Certificate of Sharia Accreditation and Sharia Auditor Report
- Highest purification factors in the family (Q1 2026: 2.27% of dividends) - published quarterly with a free calculator
- IRA and 401(k) eligible; fractional shares from $1-$10 depending on broker
Cost and terms
0.55% expense ratio; no fund-level minimum. Net assets $216.77M; 30-day SEC yield 0.11% as of 07/31/2026 (verified 2026-08-05). Monthly distributions; quarterly purification factors published (Q1 2026: 2.27% of dividends - the highest in the SP Funds family).
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 Technology 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
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- SP Funds Dow Jones Global Sukuk ETF
Investing · Index-based
- SP Funds S&P Global REIT Shariah 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 Technology 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 Technology ETF halal?
SPTE applies Sharia discipline to the sector Muslims most want to own: it tracks the S&P Global 1200 Shariah Information Technology Capped Index - 102 constituents from 14 countries as of March 2026 - meaning every holding has already passed business-activity and financial-ratio screens (under 5% impure revenue; interest-bearing debt within the 30-33% of market capitalization band, per AAOIFI-aligned rules) before… 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 Technology ETF work?
SPTE is SP Funds' sector bet: the S&P Global 1200 Shariah Information Technology Capped Index in a NYSE-listed ETF, holding roughly 100 technology names across 14 countries - global leaders like Taiwan Semiconductor alongside the US mega-caps. 55% expense ratio and monthly distributions. 27% of dividends), published quarterly with a free calculator, and the fund carries its own Certificate of Sharia Accreditation.
What does the SPFunds SP Funds S&P Global Technology ETF cost?
0.55% expense ratio; no fund-level minimum. Net assets $216.77M; 30-day SEC yield 0.11% as of 07/31/2026 (verified 2026-08-05). Monthly distributions; quarterly purification factors published (Q1 2026: 2.27% of dividends - the highest in the SP Funds family).
Where is the SPFunds SP Funds S&P Global Technology 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 Technology 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 Technology 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
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