ETF evidence comparison

SPUS vs HLAL

Compare two US-listed Shariah-oriented equity ETFs by evidence completeness, issuer, method and holdings review.

Decision fieldSPUSSP Funds S&P 500 Sharia Industry Exclusions ETF HLALWahed FTSE USA Shariah ETF

Current assessmentReview requiredReview required

IssuerSP FundsWahed

Asset classUS equityUS equity

BenchmarkS&P 500 Sharia Industry Exclusions IndexFTSE Shariah USA Index

Expense ratio0.45%0.50%

Shariah oversightIssuer states AAOIFI screening and publishes holdings, prospectus, and index details. Provider-published statement; editorial verification remains pending.Wahed publishes a Fatwa, Shariah audit reports, holdings, purification reports, factsheet, and prospectus. Provider-published statement; editorial verification remains pending.

Holdings as of2026-09-14 issuer disclosure; import and coverage review pending2026-05-31 SEC annual report; import and coverage review pending

Holdings coverageNot reviewedNot reviewed

Verified sources44

Method versionHIG-ETF 0.1-draftHIG-ETF 0.1-draft

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