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ETF Holdings Reviewed

SP Funds S&P 500 Sharia Industry Exclusions ETF

ISIN: US78463X8719 · Ticker: SPUS · NYSE · Islamic Equity · United States · Manager: SP Funds · OCF: 0.49%

Operational Israeli exposure Operational exposure

30.5% of disclosed equity in companies with Israeli operations (Microsoft Corporation, Alphabet Inc. (Google), AbbVie Inc. +53 more), above our 0% threshold. Assessed so far: 87.4% of the fund; 12.6% not yet assessed. Flagged share is at least 30.4%.

2 sources · 10 evidence points · 70% confidence · updated 2026-10-06

Screening Summary 1 of 7 screens assessed
Flagged (1) Fails at any revenue exposure above 0%
Israeli-linked exposure30.5%
Not yet assessed (6) Weapons, Gambling, Alcohol, Tobacco, Adult Entertainment, Conventional Finance
WeaponsNot yet assessed
GamblingNot yet assessed
AlcoholNot yet assessed
TobaccoNot yet assessed
Adult EntertainmentNot yet assessed
Conventional FinanceNot yet assessed

Fund Details

Fund Manager
SP Funds
OCF / TER
0.49%
Benchmark
S&P 500 Shariah Industry Exclusions Index
Distribution
Distributing
UCITS
No
Domicile
United States
Currency
USD
Launch Date
2019-12-18

Objective: Track the S&P 500 Shariah Industry Exclusions Index providing exposure to US large-cap Shariah-compliant companies

Holdings

218
Total Holdings
58.1%
Top 10 Concentration

Top Holdings

NVIDIA CorpApple IncMicrosoft CorpAlphabet IncBroadcom IncMicron Technology IncTesla IncAdvanced Micro Devices IncEli Lilly & CoExxonMobil Holdings Corp

Sector Allocation

Technology
48%
Healthcare
15%
Consumer Discretionary
12%
Communication
10%
Other
15%

Geographic Allocation

United States
100%

Sharia Assessment

Pending
Business Activity
Pending
Financial Ratios

Methodology: S&P Dow Jones Shariah Indices

⚖️
Disclaimer Grow Halal provides Shariah compliance screening tools for informational purposes. We do not issue fatwas or religious rulings. Consult a qualified Shariah advisor to confirm compliance for your personal circumstances.

Sources (2)

SP Funds issuer holdings file2026-10-0690%View →
Fund Factsheet2026-05-3080%View →

Monitoring

Active
2026-10-06
Last Reviewed
2027-01-06
Next Review
Monthly
Review Cycle

Research Timeline

Published holdings-based screening: Israeli-linked exposure via top holdings.2026-10-05
Fund profile imported2026-06-28

Research Timeline

2026-10-05
Published holdings-based screening: Israeli-linked exposure via top holdings.
2026-06-28
Fund profile imported

Evidence Sources

SP Funds issuer holdings file2026-10-0690%View →
Fund Factsheet2026-05-3080%View →

Confidence Breakdown

Evidence Volume
10 points
Source Diversity
2 sources
Data Freshness
Updated 2026-10-06
Screening Completeness
14% complete

Why This Assessment Could Change

△Fund manager changes investment objective or benchmark
△Holdings rebalance introduces new sectors
△Screening methodology or Sharia board changes
△OCF or fee structure materially changes
△New factsheet or annual report publication

Related Guides

How We Assessed This

1Verified fund identity, manager, benchmark and domicile
2Loaded the provider holdings file and matched each position to our research registry
3Measured the weight held in Israeli-domiciled and operations-linked companies
Read the full Research Standard →

Frequently Asked Questions

Is SP Funds S&P 500 Sharia Industry Exclusions ETF Sharia-compliant?

Our current assessment is "Needs Review". This fund uses S&P Dow Jones Shariah Indices. Compliance depends on the screening provider and may differ across scholars.

Where can I buy SP Funds S&P 500 Sharia Industry Exclusions ETF?

Most UK investment platforms offer access to this fund. Check Hargreaves Lansdown, AJ Bell, Interactive Investor, or Vanguard. We do not receive referral fees.

What are the fees?

The Ongoing Charges Figure (OCF) is 0.49%. Lower fees compound significantly over time.

Can I request updated research?

Yes. If you believe this assessment is outdated or have new evidence, you can request a review by emailing hello@growhalal.co.uk. We review all requests.

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✓ Grow Halal Research Standard v2.0

This investigation follows the Grow Halal Research Standard — an evidence-based methodology prioritising transparency, source diversity, and continuous monitoring. Read our methodology →