{"id":407633,"date":"2021-01-04T09:34:30","date_gmt":"2021-01-04T14:34:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407633"},"modified":"2021-01-04T09:34:30","modified_gmt":"2021-01-04T14:34:30","slug":"sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/","title":{"rendered":"SP Funds Launches First Sharia REIT ETF &#8230; as Family of Sharia-Compliant ETFs grows."},"content":{"rendered":"<h2>\nSP Funds S&amp;P Global REIT Sharia ETF (SPRE) provides exposure to the Sharia-compliant Real Estate asset class through REITs which meets Sharia screening requirements, including compliant business activities, lower debt levels, and permissible income within acceptable levels.<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">SP Funds\u2019 approach is geared towards advisors with clients focused on faith-based investing, and others who are seeking unique, socially responsible and ethical investing solutions.<\/p>\n<p align=\"justify\">Lake Mary, FL, Jan.  04, 2021  (GLOBE NEWSWIRE) &#8212; \u00a0SP Funds, home of North America\u2019s largest family of Sharia-compliant ETFs launches <strong>North America\u2019s first Sharia-compliant REIT ETF <\/strong>&#8211; SP Funds S&amp;P Global REIT Sharia ETF (ticker: SPRE).<\/p>\n<p align=\"justify\">SP Funds\u2019 growing family of ETFs offers investors a suite of products to assist them in diversifying their portfolios across equity, fixed income, and now, the real estate asset class. These ETFs also help investors avoid the types of over-levered entities that may be particularly susceptible to volatile performance during a market downturn.<\/p>\n<p align=\"justify\">The <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=46bVIPLGiz7edU02FAZoY6ETtN3nWxbTfYLGK6rky_CiaG62QwzcR3vEptik19Jk6cqIdLTxl15LAdws6axgit3capu1Fri4PyNS_sDmTYHpYVhST1DsGHAUSGmDW-_JjX83fxKIaiy0CsCdgNwTvA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">\u00a0<strong>SP Funds S&amp;P Global REIT Sharia ETF (ticker: SPRE)<\/strong><\/a>, which launched on the New York Stock Exchange on December 30, tracks the <strong>S&amp;P Global Shariah All REIT Capped Index<\/strong> which is designed to measure all Sharia-compliant constituents of the S&amp;P Global REIT Index, a comprehensive benchmark of publicly traded equity REITs listed in both developed and emerging markets.<\/p>\n<p align=\"justify\">\n        <strong>\u201cThe SP Funds S&amp;P Global REIT Sharia ETF has joined our family of ETFs which are designed not only for investors who might be looking for Halal exposure, but for any investor who is seeking a value-focused portfolio as well as those who seek to avoid over-levered enterprises,\u201d <\/strong>said Naushad Virji, CEO of SP Funds.<\/p>\n<p align=\"justify\">\u201cReal Estate has always been a preferred asset class for value investors. This Sharia-compliant REIT ETF will certainly be welcomed especially given its stability and performance in turbulent market conditions,\u201d added Naushad Virji.<\/p>\n<p align=\"justify\">SPRE is based on the S&amp;P Global Shariah All REIT Capped Index. The index follows Sharia-compliance parameters based on the S&amp;P Shariah Supervisory Board.\u00a0 The fund avoids REITs that cater to industries like alcohol, tobacco, pork-related products, conventional financial services (banking, insurance, etc.), weapons and defense, entertainment (hotels, casinos\/gambling, cinema, pornography, music, etc.) and companies engaged in interest-based financial services.<\/p>\n<p align=\"justify\">Financials are considered eligible if the company is incorporated as an Islamic Financial Institution, such as Islamic banks and Takaful insurance companies. Further, income from impure sources as included in the industries above cannot exceed 5% of revenue. After removing REITs with unacceptable primary business activities, the remaining REITs are evaluated according to several financial ratio filters. The filters are based on criteria determined by Sharia excluding the REITs having a total debt divided by average market capitalization, and accounts receivables divided by average market capitalization of more than 30%.<\/p>\n<p align=\"justify\">Non-sharia components also include interest-based financial transactions used by REITs, such as conventional loans, undertaken for new property acquisitions.<\/p>\n<p align=\"justify\">The SPRE ETF has strong ESG characteristics like carbon intensity per value invested (Million tons Carbon e\/1 million $ invested) at only 11.21.<\/p>\n<p align=\"justify\">\n        <strong>SPRE <\/strong>has an expense ratio of 0.69%.\u00a0 SP Funds partnered with the team at Tidal ETF Services to bring its funds to market.<\/p>\n<p align=\"justify\">The SPRE launch coincided with the first anniversary of SP Funds initial family of ETFs whose performance lived up to expectations despite the COVID-19 global pandemic. The initial ETFs were the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Oged__0HhZyUhYG5Wrk7mZYYF4UdJ5ozVcmhTPQEjtBvfYaU-m8TpgvdF-sUzr-8hwnjWFYcVbQ96_emdUeJ8g1Mzwa27084jyk9xEN-PqmfTkL_jq38rqp2mOvdBIJqnQIwc1P2DBEpKW1Cj6KdVw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>SP Funds Dow Jones Global Sukuk ETF (ticker: SPSK)<\/u><\/a> the world\u2019s first Sukuk ETF; and the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Oged__0HhZyUhYG5Wrk7mT0Z3_paedaiF6y7sFOSJPZxFKbQiTv8rEHc44P3Yl7T5ONKTXhL8alT8_moA2Fvz5DFSPoXEfytkaq83ynAVA7RXyED36LciF7wffuigkF6j5WsEJxVNrnabbZziIhPwYm5Dew1oqM1PAtnbAmOZGI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>SP Funds S&amp;P 500 Sharia Industry Exclusions ETF (ticker: SPUS)<\/u><\/a>, which tracks the performance of around 200 Sharia-compliant stocks from the S&amp;P 500 Index.<\/p>\n<p>Additional information can be found at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lt4I93wQ8uKSg4VN9PnwpHBD7BsR-W_HA1xrtCb5KNKmcJO5aH6jJwl-XqPYCXRXlDChRJaYB3OoYszwOclS7g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>sp-funds.com.<\/u><\/a><\/p>\n<p align=\"center\"># # #<\/p>\n<p align=\"justify\">\n        <strong>About SP Funds<\/strong><br \/>\n        <br \/>SP Funds is dedicated to offering an ethical approach to investing that avoids companies with significant debt. By adhering to AAOIFI guidelines, SP Funds ensures that the securities in its ETFs avoid investments in businesses such as tobacco, pornography, gambling and interest-based finance. This results in a collection of socially responsible investments that are in well capitalized companies. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lt4I93wQ8uKSg4VN9PnwpKyKXGLHWkGdlxCDCV7cKCkB93S6zHYergeCMQhuz1z1L9Xw4iiTnod4BJcdnFw59w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>sp-funds.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Tidal ETF Services<\/strong><br \/>\n        <br \/>Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and organizations launch the most interesting and viable ETFs available today. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_W0-a2stdNgVjgef1pKAMxlQCTOblYUjGu9A2vseTpr2yq2-GW1btxbBcdWxZYDU0hcmt_Gy1666dAYsaAjRJ02fW40A-N_zs02VgLW2z2g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>tidaletfservices.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Before investing you should carefully consider each Fund\u2019s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lt4I93wQ8uKSg4VN9PnwpM1xl1m_KuWZ5pSArSuNs29lhnrjZDI7VGmJ5SnDyt1luBw3BFxOh-zjairP54a8uA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>sp-funds.com<\/u><\/a> or calling (425)409-9500. Please read the prospectus carefully before you invest. <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">As with all ETFs, Fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate the Fund\u2019s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV.<\/p>\n<p align=\"justify\">The Funds are new with a limited operating history.<\/p>\n<p align=\"justify\">Islamic religious law commonly known as Sharia has certain restrictions regarding finance and commercial activities permitted for Muslims, including interest restrictions and prohibited industries, which reduces the size of the overall universe in which the Fund can invest. The strategy to reduce the investable universe may limit investment opportunities and adversely affect the Fund\u2019s performance, especially in comparison to a more diversified fund.<\/p>\n<p align=\"justify\">A real estate investment trust (REIT) is a security of a company that invests in real estate, either through real estate property, mortgages and similar real estate investments, or all of the foregoing. The Fund is expected to be concentrated in REITs. Through its investments in REITs, the Fund is subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems and natural disasters.<\/p>\n<p align=\"justify\">It is not possible to invest directly in an index. Investments in emerging markets may be more volatile and less liquid than more developed markets and therefore may involve greater risks.<\/p>\n<p>Diversification does not ensure a profit or protect against loss in declining markets.<\/p>\n<p>Shares of the Fund are distributed by Foreside Fund Services, LLC.<\/p>\n<p>Media Contact:<\/p>\n<p>Salaudeen Nausrudeen<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WbkTXsl9bbUGW-KGWkKn9pmH1ee83_23-EeFU69P8bD8qdX_S19Me96kisGNQ9L3Hc2zcFZ1DvGpbzGoFGWabghPLuKLLd4lAAmNZBLuong=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>salaudeen@sp-funds.com<\/u><\/a><br \/>917-962-7828<\/p>\n<p align=\"center\">\n        \n      <\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDAxOSMzOTAzMTIxIzUwMDA2OTkzOQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b20b4d2b-5e3b-43f7-aad3-c45dda1a1271\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SP Funds S&amp;P Global REIT Sharia ETF (SPRE) provides exposure to the Sharia-compliant Real Estate asset class through REITs which meets Sharia screening requirements, including compliant business activities, lower debt levels, and permissible income within acceptable levels. SP Funds\u2019 approach is geared towards advisors with clients focused on faith-based investing, and others who are seeking unique, socially responsible and ethical investing solutions. Lake Mary, FL, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; \u00a0SP Funds, home of North America\u2019s largest family of Sharia-compliant ETFs launches North America\u2019s first Sharia-compliant REIT ETF &#8211; SP Funds S&amp;P Global REIT Sharia ETF (ticker: SPRE). SP Funds\u2019 growing family of ETFs offers investors a suite of products to assist them in diversifying their portfolios across equity, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SP Funds Launches First Sharia REIT ETF &#8230; as Family of Sharia-Compliant ETFs grows.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407633","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SP Funds Launches First Sharia REIT ETF ... as Family of Sharia-Compliant ETFs grows. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SP Funds Launches First Sharia REIT ETF ... as Family of Sharia-Compliant ETFs grows. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SP Funds S&amp;P Global REIT Sharia ETF (SPRE) provides exposure to the Sharia-compliant Real Estate asset class through REITs which meets Sharia screening requirements, including compliant business activities, lower debt levels, and permissible income within acceptable levels. SP Funds\u2019 approach is geared towards advisors with clients focused on faith-based investing, and others who are seeking unique, socially responsible and ethical investing solutions. Lake Mary, FL, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; \u00a0SP Funds, home of North America\u2019s largest family of Sharia-compliant ETFs launches North America\u2019s first Sharia-compliant REIT ETF &#8211; SP Funds S&amp;P Global REIT Sharia ETF (ticker: SPRE). SP Funds\u2019 growing family of ETFs offers investors a suite of products to assist them in diversifying their portfolios across equity, &hellip; Continue reading &quot;SP Funds Launches First Sharia REIT ETF &#8230; as Family of Sharia-Compliant ETFs grows.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T14:34:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDAxOSMzOTAzMTIxIzUwMDA2OTkzOQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SP Funds Launches First Sharia REIT ETF &#8230; 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SP Funds\u2019 approach is geared towards advisors with clients focused on faith-based investing, and others who are seeking unique, socially responsible and ethical investing solutions. Lake Mary, FL, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; \u00a0SP Funds, home of North America\u2019s largest family of Sharia-compliant ETFs launches North America\u2019s first Sharia-compliant REIT ETF &#8211; SP Funds S&amp;P Global REIT Sharia ETF (ticker: SPRE). SP Funds\u2019 growing family of ETFs offers investors a suite of products to assist them in diversifying their portfolios across equity, &hellip; Continue reading \"SP Funds Launches First Sharia REIT ETF &#8230; as Family of Sharia-Compliant ETFs grows.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-04T14:34:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDAxOSMzOTAzMTIxIzUwMDA2OTkzOQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-funds-launches-first-sharia-reit-etf-as-family-of-sharia-compliant-etfs-grows\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SP Funds Launches First Sharia REIT ETF &#8230; 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