What is SP Funds S&P 500 Sharia Industry Exclusions ETF's Shariah compliance score?

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a Shariah compliance score of 84/100 (Grade: A, Very Good). A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Does SP Funds S&P 500 Sharia Industry Exclusions ETF pass AAOIFI look-through screening?

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) passes AAOIFI look-through screening. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

How much purification is needed for SP Funds S&P 500 Sharia Industry Exclusions ETF?

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 percentage and amount for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) using the latest financial data.

Where can I screen SP Funds S&P 500 Sharia Industry Exclusions ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

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Compliance Status

Halal

Screened on Oct 16, 2026 · AAOIFI Standard 21 look-through

Very Good

84Score

Is SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) halal? Halal. Looking through its holdings under AAOIFI Standard 21, SP Funds S&P 500 Sharia Industry Exclusions ETF keeps non-compliant holdings under 5% of its basket by weight with a compliance score of 84/100 (Grade: A).

Quote this verdict

HalalScreener rates SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) Halal, 84/100, grade A under AAOIFI Standard 21 look-through, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/SPUS

Basket rule

Within the limit

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

3.2% of 5.0% limit

96% of the basket's holdings were screened individually.

SPUS: Is SP Funds S&P 500 Sharia Industry Exclusions ETF Halal?

SP Funds S&P 500 Sharia Industry Exclusions ETF

AMEX

$58.82

Market Cap: 3.3B

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Is SPUS ETF Halal? SP Funds S&P 500 Sharia Industry Exclusions ETF

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 16, 2026

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

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Business Activity Screen

Passed

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

Peripheral exposure (still halal, purify this share)

0.1%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

•Basket look-through: 90.4% halal, 2.3% doubtful, 3.2% haram, 4.1% unknown

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Basket Composition

96% 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.

90%

Halal90%

Doubtful2%

Not Halal3%

Unknown5%

Top Holdings

NVDANVIDIA CorpHalal13.51%AAPLApple IncHalal12.06%MSFTMicrosoft CorpHalal8.80%GOOGLAlphabet IncHalal5.83%AVGOBroadcom IncHalal5.58%TSLATesla IncHalal3.21%MUMicron Technology IncHalal2.86%LLYEli Lilly & CoHalal2.29%AMDAdvanced Micro Devices IncHalal2.20%Exxon Mobil CorpUnknown1.59%

10 more screened holdings, each with its own verdict, are part of Pro.See the full basket

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Jun 2026
Not Halal
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 S&P 500 Sharia Industry Exclusions ETF (SPUS) halal to invest in?

SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is rated Halal by holdings look-through. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Why did SP Funds S&P 500 Sharia Industry Exclusions ETF get a A compliance rating?

SP Funds S&P 500 Sharia Industry Exclusions ETF's grade of A (Very Good) reflects the weighted result of its holdings, not one company's ratios: debt and deposit ratios do not describe a fund.

What could change SP Funds S&P 500 Sharia Industry Exclusions ETF's Shariah verdict?

SP Funds S&P 500 Sharia Industry Exclusions 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 500 Sharia Industry Exclusions ETF re-screened for Shariah compliance?

SP Funds S&P 500 Sharia Industry Exclusions ETF is re-screened as its published holdings change. Last screened: Oct 16, 2026.

Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.