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Compare the halal ETFs tracked by our calculator

The calculator tracks four Shariah-compliant ETFs: SPUS and HLAL for US equities, and SPWO and UMMA for international equities. This hub orients you across all four, then points to the detailed two-fund comparisons. Shariah screening is attributed to each fund's provider, not independently certified here.

SPUSSP Funds S&P 500 Sharia Industry Exclusions ETFSharia-compliant exposure to low-leverage stocks drawn from the S&P 500 Index
Benchmark: S&P 500 Shariah Industry Exclusions IndexExpense ratio: 0.45%Inception: 17 Dec 2019
HLALWahed FTSE USA Shariah ETFPassive, index-tracking exposure to US Shariah-compliant large- and mid-cap equities across 16 ICB sectors
Benchmark: FTSE Shariah USA IndexExpense ratio: 0.50%Inception: 16 Jul 2019
UMMAWahed Dow Jones Islamic World ETFShariah-compliant international exposure to non-US equities across developed, emerging and frontier markets
Benchmark: Dow Jones Islamic Market International Titans 100 IndexExpense ratio: 0.65%Inception: 07 Jan 2022
SPWOSP Funds S&P World (ex-US) ETFSharia-compliant exposure to stocks in developed and emerging markets outside the United States
Benchmark: S&P DM Ex-U.S. & EM 50/50 Shariah IndexExpense ratio: 0.55%Inception: 19 Dec 2023

US equities versus international equities

SPUS and HLAL are US-equity funds: they hold Shariah-screened US stocks. SPWO and UMMA are international funds: they hold Shariah-screened stocks outside the US. The distinction matters because it changes the geographic exposure and the index family each fund tracks.

The main comparison factors

Investment roleWhat each fund is for: US equities or international equities.
BenchmarkThe index each fund tracks, and its administrator.
Screening attributionWho each provider says screens the index for Shariah compliance.
FeesThe fund's expense ratio, before any platform or currency costs.
Distribution policyHow often each fund distributes, and any disclosed wording differences.
Track-record lengthInception date, and why short records are not comparable to long ones.

Two-fund comparisons

SPUS vs HLALFees, indexes, screening and distribution policy for the two US halal ETFs.SPWO vs UMMAThe two international halal ETFs: benchmarks, screening attribution and fees.

Investing from the GCC

A practical guide to buying US-listed ETFs from the GCC — trading currency versus exposure, conversion and settlement costs, and the platforms Halal ETF Planner reviews.

Read the GCC guide →

Data, methodology and next steps

ETF data — dated, sourced figures for all four funds →Calculation methodology →Open the calculator (no fund pre-selected) →

This comparison hub is educational content, not financial, tax or Shariah advice, and it does not recommend one fund over another. Shariah screening is attributed to each fund's provider and is not independently certified here. Figures carry their own effective dates; verify every value against the fund's current documents. Last reviewed 17 Sept 2026. To report an error, use the contact page.