Yes. SPRE is a halal ETF, and property is an asset class where Shariah screening matters especially. Many conventional REITs finance their portfolios with interest-bearing mortgage debt or earn rent from tenants operating non-permissible businesses, which disqualifies them. SPRE only holds REITs meeting strict criteria on permissible activities, low debt levels, acceptable income sources and regulated cash holdings. That screening is what makes real estate accessible to Muslim investors through listed securities rather than direct ownership. SPRE is available to trade on Tabadulat.

Is SPRE Shariah compliant, and who certifies it?

SPRE is structured to be Shariah compliant, with screening applied to the underlying REIT universe rather than determined by the fund manager. Entities engaged in non-permissible activities are excluded, and financial restrictions apply covering leverage limits, permissible income sources and cash levels. Only REITs satisfying all of these criteria enter the index the fund tracks. Because compliance is embedded in index methodology, it is maintained continuously through scheduled screening and index maintenance rather than assessed once at launch. SP Funds applies this framework across its Shariah ETF range under AAOIFI-aligned standards.

What index does SPRE track?

SPRE tracks the S&P Global All Equity REIT Shariah Capped Index. The index draws from the S&P Global BMI universe, applies Shariah screening to identify eligible REITs, then applies a capping methodology limiting how much weight any single holding can take. That cap is important in real estate, where a few very large American REITs would otherwise dominate a global portfolio and undermine diversification. The result is a benchmark of compliant global REITs with more balanced representation across markets. SPRE replicates the index passively, holding the same or substantially similar securities in corresponding weights.

Does SPRE require dividend purification?

Yes. Even screened REITs can generate small amounts of non-permissible income, for example incidental interest on cash reserves or rent from a minor non-compliant tenant within a larger property portfolio. Shariah methodology requires this portion to be identified and removed through purification, with the amount donated to charity rather than retained. SPRE operates within a defined purification framework consistent with AAOIFI standards, and investors apply purification to the income they receive. Because REITs distribute a high proportion of their earnings as dividends, purification is a more visible consideration here than in a growth-focused equity fund.

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SP Funds S&P Global REIT Shariah ETF (SPRE)

Q: What does SPRE invest in?

SPRE invests in publicly traded real estate investment trusts worldwide that pass Shariah screening. It does not buy physical property directly. Instead it holds REIT securities, which represent ownership in income-producing real estate such as commercial, industrial and residential portfolios. Holdings span the United States, Australia, Malaysia, Singapore, the Philippines and Turkey, giving genuine global reach across both developed and emerging property markets. Every REIT must meet requirements on permissible activities, low debt, compliant income sources and regulated cash levels, so the investable universe is considerably narrower than a conventional global REIT fund.

SPRE

Shariah-Compliant

SPRE

About SP Funds S&P Global REIT Shariah ETF (SPRE)

The SP Funds S&P Global REIT Shariah ETF (SPRE) is a Shariah compliant exchange-traded fund providing exposure to global real estate through screened real estate investment trusts. It tracks the S&P Global All Equity REIT Shariah Capped Index, which includes the Shariah compliant constituents of the S&P Global REIT universe with a cap applied to maintain diversification. Underlying REITs must satisfy strict criteria covering permissible business activities, low debt levels, acceptable income sources and regulated cash holdings. Holdings span the United States, Australia, Malaysia, Singapore, the Philippines and Turkey. Listed on NYSE, SPRE provides access to the real estate asset class through listed securities rather than direct property ownership.

Website:

https://www.sp-funds.com/spre/

Frequently asked questions

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Step 1

Open your account.

Sign up in minutes, verify your identity, and fund your account by secure transfer in the currency you hold. There is no minimum portfolio size and no separate subscription for Shariah screening, so you can start investing in halal stocks and ETFs the same day.

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Step 2

Compare Shariah compliant ETFs.

Open SPRE in the app to see the screened REITs it holds across the US, Australia, Malaysia, Singapore and beyond, plus its dividend profile. You can view it side by side with other halal ETFs listed on the platform.

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Step 3

Invest and track, 100% halal.

Buy SPRE in whole or fractional amounts with real-time pricing, then follow your dividends and holdings in one portfolio view. Tabadulat monitors Shariah compliance continuously and alerts you if anything changes, and you can withdraw at any time.

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