Is SP Funds Dow Jones Global Sukuk (SPSK) Stock Halal or Haram?
SP Funds Dow Jones Global Sukuk (SPSK) - Halal (Shariah-Compliant)
SP Funds Dow Jones Global Sukuk (SPSK) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
ETF
Industry
Exchange-Traded Fund
Result
Pass
Reason
SPSK is a known Shariah-compliant ETF.
Financial Ratios
Dividend Purification
Purification percentage: 0.00%.Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About SP Funds Dow Jones Global Sukuk
The index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issued in the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.
Frequently Asked Questions
Is SP Funds Dow Jones Global Sukuk (SPSK) stock halal to invest in?
According to AAOIFI Shariah screening standards, SP Funds Dow Jones Global Sukuk (SPSK) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does SP Funds Dow Jones Global Sukuk have any interest income?
Interest income data for SP Funds Dow Jones Global Sukuk is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if SPSK stock is Shariah-compliant?
SPSK is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About SP Funds Dow Jones Global Sukuk
The index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issued in the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.
NYSEARCAETF
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Oct 4, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, SP Funds Dow Jones Global Sukuk (SPSK) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Interest income data for SP Funds Dow Jones Global Sukuk is factored into the financial ratio screening under AAOIFI standards.
SPSK is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
SP Funds Dow Jones Global Sukuk's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save SPSK to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from SP Funds Dow Jones Global Sukuk require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
How often is SP Funds Dow Jones Global Sukuk stock reviewed for Shariah compliance?
SP Funds Dow Jones Global Sukuk's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on SP Funds Dow Jones Global Sukuk's compliance status?
You can save SPSK to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from SP Funds Dow Jones Global Sukuk stock considered halal?
Dividends from SP Funds Dow Jones Global Sukuk require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my SP Funds Dow Jones Global Sukuk shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
