SPUS — SP Funds S&P 500 Sharia Industry Exclusions ETF

Explicitly screened and structured to be Sharia-compliant.

Why?

SPUS tracks an index that excludes companies in non-compliant sectors (conventional finance, alcohol, gambling, tobacco, adult entertainment, weapons) and applies financial ratio screens to the S&P 500 universe. Per the fund's disclosures, it maintains an ongoing Sharia review process.

How this was screened

Primary basis: Fund's own stated mandate.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.