Is SP Funds S&P 500 Sharia ETF (SPUS) halal?
SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) tracks an S&P 500 subset that excludes non-compliant sectors and screens financial ratios under AAOIFI-style rules, with a purification process for incidental impermissible income. It is one of the most widely held halal US-equity ETFs. As always, confirm the methodology matches the scholar you follow.
Provider: SP Funds
Why ETFs are screened differently
An ETF holds dozens or hundreds of underlying securities, so its halal status depends on (1) whether those holdings are individually Shariah-compliant, (2) whether the fund screens and purifies, and (3) the fund's own structure (e.g. interest earned on cash). You can't judge it with a single company's debt-to-market-cap ratio — which is why HalalGauge shows a curated summary for funds rather than a company screen.
Other ETF tickers
HalalGauge surfaces published scholarly methodologies with full sourcing; it does not issue fatwa or certify any security as halal. Verify with a qualified scholar before investing.