What is SP Funds Dow Jones Global Sukuk ETF's Shariah compliance score?

SP Funds Dow Jones Global Sukuk ETF (SPSK) has a Shariah compliance score of 99/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does SP Funds Dow Jones Global Sukuk ETF pass AAOIFI screening?

SP Funds Dow Jones Global Sukuk ETF (SPSK) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SPSK: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for SP Funds Dow Jones Global Sukuk ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for SP Funds Dow Jones Global Sukuk ETF (SPSK) using the latest financial data.

Where can I screen SP Funds Dow Jones Global Sukuk ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SP Funds Dow Jones Global Sukuk ETF (SPSK) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SPSK's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPSK: Is SP Funds Dow Jones Global Sukuk ETF Halal?

SP Funds Dow Jones Global Sukuk ETF

AMEXFinancial ServicesUS

$17.94

+0.08%

Market Cap: 643.3M

Compliance Status

Halal

Screened on Aug 13, 2026 · AAOIFI Standard 21

A+

Excellent

99Score

Is SP Funds Dow Jones Global Sukuk ETF (SPSK) halal? Halal. Based on AAOIFI screening, SP Funds Dow Jones Global Sukuk ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 99/100 (Grade: A+).

Basket rule

Well clear of the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

0.0% of 5.0% limit

97% of the basket's holdings were screened individually.

About SP Funds Dow Jones Global Sukuk ETF

SPSK is an ETF that tracks Sharia-compliant sukuk, offering diversified, interest-free exposure with decreased duration and interest rate risk. It aligns with AAOIFI Sharia-compliant guidelines, providing an ethical choice for investors avoiding interest-bearing instruments.

Sector: Financial Services · Industry: Asset Management - Bonds

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 13, 2026

Basket Composition

97% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

97%

Halal97%

Doubtful0%

Not Halal0%

Unknown3%

Top Holdings

KSA Ijarah Sukuk LtdHalal1.77%KSA Sukuk LtdHalal1.68%KSA Sukuk LtdHalal1.65%Global Sukuk VenturesHalal1.63%SA Global Sukuk LtdHalal1.49%KSA Sukuk LtdHalal1.41%KSA Sukuk LtdHalal1.32%Suci Second Investment CoHalal1.28%KSA Sukuk LtdHalal1.27%KSA Ijarah Sukuk LtdHalal1.23%

Compliance History

Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is SP Funds Dow Jones Global Sukuk ETF (SPSK) halal to invest in?

Based on AAOIFI Standard 21 screening, SP Funds Dow Jones Global Sukuk ETF (SPSK) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did SP Funds Dow Jones Global Sukuk ETF get a A+ compliance rating?

SP Funds Dow Jones Global Sukuk ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change SP Funds Dow Jones Global Sukuk ETF's Shariah verdict?

SP Funds Dow Jones Global Sukuk ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is SP Funds Dow Jones Global Sukuk ETF re-screened for Shariah compliance?

SP Funds Dow Jones Global Sukuk ETF (SPSK) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 13, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.