SP Funds S&P 500 Sharia Industry Exclusions ETF vs Wahed FTSE USA Shariah ETF — which is halal?
Both SP Funds S&P 500 Sharia Industry Exclusions ETF and Wahed FTSE USA Shariah ETF pass our Sharia screen (corroborated by 2+ sources). Wahed FTSE USA Shariah ETF has the higher compliance score.
Scholar-certified Sharia fund — compliant by its Sharia board's certification. Our look-through is a sanity check: 99% of screened holdings independently confirm as compliant (covering 100% of the fund). Screened all 212 holdings.
Scholar-certified Sharia fund — compliant by its Sharia board's certification. Our look-through is a sanity check: 100% of screened holdings independently confirm as compliant (covering 71% of the fund). Top 25 of ~210 holdings (full list unavailable).
Based on AAOIFI Standard 21 — informational only, not a fatwa. See methodology.