SP Funds Dow Jones Global Sukuk ETF

Sukuk are the Islamic-finance answer to bonds: certificates backed by real assets that pay a share of profits rather than interest, which conventional debt structures forbid under Sharia. SPSK holds a basket of them and tracks the Dow Jones Sukuk Total Return Index, which measures investment-grade, dollar-denominated sukuk issued mostly by Gulf governments and corporates. SP Funds runs it, screening every holding against AAOIFI standards and putting the portfolio through an annual Sharia audit. For an observant Muslim it fills the slot a bond fund fills in a normal portfolio: steadier income and a counterweight to stocks, without breaking the ban on interest. The relatively short duration also softens the blow when interest rates rise. It launched in 2019 at a 0.50% expense ratio.

On MyRWA, SPSK trades tokenized across 1 on-chain venue - see the listings below.