Is SPWO halal?
SP Funds S&P World ETF (SPWO) is a Shariah-compliant ETF: its index is supervised by S&P Dow Jones Shariah Supervisory Board. Its holdings are screened and a purification rate is published (about 1.8% of dividends).
Key facts
| Fund family | SP Funds |
|---|---|
| Category | Foreign Large Growth |
| Expense ratio | 0.55% |
| Assets under management | $200.5M |
| Inception | 2023-12-19 |
| Purification rate | 1.8% |
Shariah supervision
| Authority | Standard | Position | Verified |
|---|---|---|---|
| S&P Dow Jones Shariah Supervisory Board | AAOIFI | compliant | 2026-05-08 |
Top 5 holdings
| Holding | Weight | Status |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd ADR | 21.61% | Compliant |
| Samsung Electronics Co Ltd | 5% | Compliant |
| SK Hynix Inc | 4.34% | Compliant |
| ASML Holding NV | 3.6% | Compliant |
| Alibaba Group Holding Ltd ADR | 2.42% | non_compliant |
Sector mix
| Technology | 52.4% |
|---|---|
| Industrials | 11.4% |
| Healthcare | 10.6% |
| Consumer cyclical | 9.2% |
| Basic materials | 6.5% |
| Consumer defensive | 4.1% |
What it tracks
The Shariah World Index is designed to measure the performance of companies located in developed and emerging markets outside of the United States that pass rules-based screens for adherence to shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. The fund is non-diversified.
Go deeper on Sanad
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- 🔒 All 10 holdings with each one's compliancePRO••••••
- 🔒 Purification per holdingPRO••••••
- 🔒 Alerts when the fund's status changesPRO••••••
Frequently asked questions
Is SPWO halal?
SP Funds S&P World ETF (SPWO) is a Shariah-compliant ETF: its index is supervised by S&P Dow Jones Shariah Supervisory Board. Its holdings are screened and a purification rate is published (about 1.8% of dividends).
What is purification for an ETF?
Even compliant companies earn a little interest. A Shariah ETF publishes the share of income that is not permissible so investors can donate the same share of their distributions.
Who certifies it?
S&P Dow Jones Shariah Supervisory Board (AAOIFI, verified 2026-05-08)