Is SP Funds S&P Global Technology ETF (SPTE) halal? Halal. Based on AAOIFI screening, SP Funds S&P Global Technology ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

SP Funds S&P Global Technology ETF

SPTE: Is SP Funds S&P Global Technology ETF Halal?

Halal

SP Funds S&P Global Technology ETF

AMEXFinancial ServicesUS

$47.49

+4.17%

About SP Funds S&P Global Technology ETF

SPTE is an ETF designed to track a global index composed of leading information technology companies, all rigorously screened for adherence to Shariah principles. The fund strictly excludes businesses involved in activities deemed non-compliant with Islamic law, such as gambling, tobacco, or alcohol production and sales. Furthermore, companies with financial leverage that contravenes Shariah regulations are also omitted from the index. The benchmark employs a float-adjusted market capitalization weighting system, with individual issuer allocations capped at 10% and country allocations limited to 50%. SPTE also has the flexibility to invest up to 20% of its assets in other Shariah-compliant securities not directly part of the index, based on adviser recommendations, to help maintain alignment with the index's performance. The overall objective of SPTE is to provide balanced exposure to the technology sector while upholding Shariah guidelines and delivering consistent returns akin to its underlying index.

Sector: Financial Services 路 Industry: Asset Management - Global

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 2026
A

Very Good

Strong compliance across all metrics

82Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket Composition

82% 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.

78%
18%
Halal78%
Doubtful4%
Haram0%
Unknown18%

Top Holdings

TSMTSMChalal10.76%NVDANVIDIA Corphalal10.75%AAPLApple Inchalal10.57%MSFTMicrosoft Corphalal9.44%ASMLASML Holding NVhalal7.23%AVGOBroadcom Inchalal4.62%MediaTek Incunknown4.54%Delta Electronics Incunknown3.77%SAPSAP SEdoubtful2.91%TOELYTokyo Electron Ltdhalal1.85%
Screened: Jun 11, 2026Fiscal: N/ASource: FMP-LOOKTHROUGH

Purify Your SPTE Dividends

1.1% non-compliant income

SPTE has 1.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

133.8M

Price

$47.49

Sector

Financial Services

Industry

Asset Management - Global

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Frequently Asked Questions

Is SP Funds S&P Global Technology ETF (SPTE) halal to invest in?
Based on AAOIFI Standard 21 screening, SP Funds S&P Global Technology ETF (SPTE) is rated Halal with a compliance grade of A (Very Good). 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 S&P Global Technology ETF get a A compliance rating?
SP Funds S&P Global Technology 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 S&P Global Technology ETF's Shariah verdict?
SP Funds S&P Global Technology 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 S&P Global Technology ETF re-screened for Shariah compliance?
SP Funds S&P Global Technology ETF (SPTE) 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: Jun 11, 2026.

Screened according to AAOIFI Standard No. 21 路 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.