(SPUS) SP Funds SP500 Sharia - NYSE
ETF Category: Large Growth | Exchange: NYSE (USA) | Market Cap: 2.784m USD | Total Return: 32.9% in 12m
Avg Turnover: 30.5M
Warnings
No concerns identified
Tailwinds
Shakeout
The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) tracks an index of S&P 500 constituents that comply with Islamic religious law. The fund mandates that at least 80% of its assets remain invested in Sharia-compliant companies, utilizing a non-diversified management approach to replicate its benchmark index.
To maintain Sharia compliance, the fund excludes specific sectors such as Aerospace & Defense and Financial Exchanges. This strategy removes companies involved in conventional interest-based finance and weapons manufacturing, resulting in a portfolio heavily weighted toward technology and healthcare sectors. For deeper insights into how these sector exclusions impact long-term performance metrics, you may find ValueRay to be a useful resource.
The ETF specifically filters out sub-industries like Data Processing & Outsourced Services, which often include firms with high debt-to-equity ratios or prohibited interest income. Since its 2019 inception, SPUS has operated as a Large Growth vehicle, focusing on high-quality equities that meet stringent debt-screening and ethical business requirements.
- Megacap technology earnings drive performance due to high index concentration
- Interest rate shifts impact valuations of growth-heavy Sharia-compliant holdings
- Exclusion of financial and defense sectors creates tracking error versus S&P 500
- Global demand for Islamic finance products increases fund total assets under management
As of June 11, 2026, the stock is trading at USD 56.51 with a total of 1,021,211 shares traded.
Over the past week, the price has changed by -5.04%,
over one month by -0.01%,
over three months by +12.22% and
over the past year by +32.85%.
SP Funds SP500 Sharia has no consensus analysts rating.