SPREETF / FundSP Funds S&P Global REIT Sharia ETF
Verdicts genuinely change. Free email alert the moment SPRE's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
SP Funds S&P Global REIT Sharia ETF ETF · Tidal Trust I
24 holdings · as of 2026-08-31 (2.2 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 20.89% of portfolio weight is in non-compliant holdings, over the 5% threshold.
24 holdings, 14 matched (81% of weight). Portfolio as of 2026-08-31, filed 2026-10-26. Source: SEC Form N-PORT.
1.95% of this portfolio’s income is non-permissible — weighted across holdings, computed over 81% of portfolio weight (14 of 24 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
60.8% compliant 0.0% questionable 20.4% non-compliant 18.8% unscreened
All holdings (24)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower Inc | COMPLIANT | 12.63% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| PLD Prologis Inc | COMPLIANT | 12.21% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EQIX Equinix Inc | COMPLIANT | 12.03% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| GMG.AX Goodman Group | NON_COMPLIANT | 11.58% | AAOIFI10.2% Usmani18.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.2% MSCI Islamic M-Seriesfail FTSE Shariah18.2% |
| EGP EastGroup Properties Inc | COMPLIANT | 4.87% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| SUI Sun Communities Inc | COMPLIANT | 4.77% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| ELS Equity LifeStyle Properties In | COMPLIANT | 4.77% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| TRNO Terreno Realty Corp | COMPLIANT | 4.77% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| WY Weyerhaeuser Co | NON_COMPLIANT | 4.69% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| CHC.AX Charter Hall Group | COMPLIANT | 4.39% | AAOIFI8.2% Usmani18.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.4% MSCI Islamic M-Series— FTSE Shariah18.4% |
| PEKGY.IS Peker Gayrimenkul Yatirim Ortakligi AS | NON_COMPLIANT | 4.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IGB Real Estate Investment Tru | UNSCREENED | 4.05% | no in-house ratios for this holding |
| Centurion Accommodation Reit | UNSCREENED | 3.23% | no in-house ratios for this holding |
| Axis Real Estate Investment Trust | UNSCREENED | 3.17% | no in-house ratios for this holding |
| Dubai Residential REIT | UNSCREENED | 2.47% | no in-house ratios for this holding |
| RL Commercial REIT Inc | UNSCREENED | 2.39% | no in-house ratios for this holding |
| Kizilbuk Gayrimenkul Yatirim O | UNSCREENED | 1.41% | no in-house ratios for this holding |
| SRVGY.IS Servet Gayrimenkul Yatirim Ortakligi AS | COMPLIANT | 1.41% | AAOIFI10.2% Usmani1.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah1.5% |
| IMPACT Growth Real Estate Investment Trust | UNSCREENED | 0.93% | no in-house ratios for this holding |
| Panora Gayrimenkul Yatirim Ort | UNSCREENED | 0.65% | no in-house ratios for this holding |
| Fermi Inc | UNSCREENED | 0.57% | no in-house ratios for this holding |
| SITC SITE Centers Corp | NON_COMPLIANT | 0.56% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| AVPGY.IS Avrupakent Gayrimenkul Yatirim Ortakligi AS | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Citicore Energy REIT Corp | UNSCREENED | 0.44% | no in-house ratios for this holding |
The published standards disagree about this fund by 47 points of portfolio weight — 57.8% of it passes Dow Jones Islamic, 11.0% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 57.5% ratios fail on 20.9% 24.1% not rated under AAOIFI
ratios pass on 11.0% ratios fail on 45.2% 46.4% not rated under Usmani
ratios pass on 57.8% ratios fail on 16.2% 28.5% not rated under Dow Jones Islamic
ratios pass on 57.8% ratios fail on 16.2% 28.5% not rated under S&P Shariah
ratios pass on 33.2% ratios fail on 45.2% 24.1% not rated under MSCI Islamic
ratios pass on 57.8% ratios fail on 16.2% 28.5% not rated under MSCI Islamic M-Series
ratios pass on 33.2% ratios fail on 45.2% 24.1% not rated under FTSE Shariah
14 of 24 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 12 (79% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
SP Funds S&P Global REIT Sharia ETF (SPRE) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for SPRE — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 54.20 | NEUTRAL |
| Stochastic %K (14) | 68.10 | NEUTRAL |
| CCI (20) | 257.50 | SELL |
| Williams %R (14) | -31.90 | NEUTRAL |
| MACD (12,26,9) | 0.12 | BUY |
| ROC (10) | 2.30 | BUY |
| Momentum (10) | 0.43 | BUY |
| EMA (10) | 18.76 | BUY |
| SMA (10) | 18.66 | BUY |
| EMA (20) | 18.74 | BUY |
| SMA (20) | 18.61 | BUY |
| EMA (30) | 18.87 | BUY |
| SMA (30) | 18.64 | BUY |
| EMA (50) | 19.20 | SELL |
| SMA (50) | 19.21 | SELL |
| EMA (100) | 19.69 | SELL |
| SMA (100) | 20.19 | SELL |
| EMA (200) | 19.71 | SELL |
| SMA (200) | 20.18 | SELL |
About SP Funds S&P Global REIT Sharia ETF
The index includes all REIT securities listed in developed and emerging markets and included as constituents of the S&P Global BMI Shariah Index, a comprehensive global Sharia-compliant index of publicly-traded equity securities. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Good setup, solid confluence
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 43 |
| ⏰ 4H | BULLISH | 15 |
| 🕐 1H | BULLISH | 63 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-27 · Asset managers net 923449 (+22072)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.