SP Funds S&P 500 Sharia Industr (SPUS) 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
SPUS 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 S&P 500 Sharia Industr
The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities of the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in sharia companies that are component securities of the index. It is non-diversified.
Frequently Asked Questions
Is SP Funds S&P 500 Sharia Industr (SPUS) stock halal to invest in?
According to AAOIFI Shariah screening standards, SP Funds S&P 500 Sharia Industr (SPUS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does SP Funds S&P 500 Sharia Industr have any interest income?
Interest income data for SP Funds S&P 500 Sharia Industr is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if SPUS stock is Shariah-compliant?
SPUS 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 S&P 500 Sharia Industr
The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities of the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in sharia companies that are component securities of the index. It is non-diversified.
NYSEARCAETF
Screened using AAOIFI Standard No. 21 on October 26, 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 Mar 11, 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.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, SP Funds S&P 500 Sharia Industr (SPUS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Interest income data for SP Funds S&P 500 Sharia Industr is factored into the financial ratio screening under AAOIFI standards.
SPUS 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 S&P 500 Sharia Industr'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.
Watch SPUS free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Approximately 0.00% of dividend income from SP Funds S&P 500 Sharia Industr comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
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 S&P 500 Sharia Industr stock reviewed for Shariah compliance?
SP Funds S&P 500 Sharia Industr'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 S&P 500 Sharia Industr's compliance status?
Watch SPUS free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Are dividends from SP Funds S&P 500 Sharia Industr stock considered halal?
Approximately 0.00% of dividend income from SP Funds S&P 500 Sharia Industr comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Do I need to pay Zakat on my SP Funds S&P 500 Sharia Industr 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.
