Shariah ETF Comparison: SPUS vs ISDU

SPUS · ISDU · Updated Jul 2026

Shariah-Compliant ETF Comparison Dashboard

A sortable, side-by-side breakdown of the two leading Shariah-screened U.S. equity ETFs — holdings, sector exposure, cost, yield, and the exact business-activity and financial-ratio tests each index uses to stay halal.

SPUS — SP Funds S&P 500 Sharia Industry Exclusions ETF ISDU — iShares MSCI USA Islamic UCITS ETF

At a glance

Fund profiles

Cost & Income

Expense ratios & dividend yield

Fees compound over time — SPUS carries a higher expense ratio but distributes monthly, while ISDU is domiciled in Ireland and pays semi-annually.

Portfolio composition

Top 10 holdings

Click any column header to sort. Switch funds using the toggle below — both ETFs are concentrated in large-cap technology names but weight them very differently.

#	Ticker ↕	Company ↕	Sector ↕	Weight ↕

Industry exposure

Sector weightings

Because conventional banks, insurers, and highly-leveraged companies are screened out, both funds skew heavily toward technology relative to the broader S&P 500.

Sector data: SPUS — MarketBeat, Jul 22, 2026. ISDU — Fidelity International, Oct 13, 2025.

Shariah compliance

Business activity & financial ratio screening

Both indices apply a two-stage Sharia review: first excluding companies by prohibited business activity, then testing the survivors against balance-sheet ratios for leverage, liquidity, and impermissible income.

Both methodologies use a common 5% revenue tolerance for incidental non-compliant income and a ~33.33% ceiling on debt and interest-bearing assets relative to total assets — the industry-standard "one-third" thresholds derived from classical Islamic jurisprudence.