SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETF
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First paycheck. I want to start investing, not sure where to start or how to.
SPUS down $60 coming from 9% realized vols? Uh oh... 💥 Recapping our SPX Whales + a 🔮into flows / positioning
SPUS down $60 coming from 9% realized vols? Uh oh... 💥 Recapping our SPX Whales + a 🔮into flows / positioning
SPUS down $60 coming from 9% realized vols? Uh oh... 💥 Recapping our SPX Whales + a 🔮into flows / positioning
Mentions
Salaam everyone, I just made my first halal investment today Alhamdulillah. I’m 20 and new to this whole investing thing. Just bought 1 share of SPUS (the halal S&P 500 ETF) on Wealthsimple. Planning to start small and put in like $50-100/month consistently. If anyone has advice for someone just getting into it, like: What should I keep in mind early on? Any beginner mistakes to avoid? When should I think about individual halal stocks? Is HLAL worth looking at next? Appreciate any wisdom. May Allah put barakah in all our efforts. Ameen.
wtf i was trying to search spy and made a typo, apparently SPUS tracks S&P500 stocks that are "Sharia-compliant"
Sharia compliant etf screens out weapons, interest based, among other ethical guidelines. SPUS is a good start. Not sure if there are other ones like this.
lots if haram there, just buy SPUS
You are only 18, so here is an advice. There is no shortcuts and most people lose money chasing getting rich quicks. Start buying an ETF like SPUS. Invest monthly into it. look up DCA strategy
I invest in SPUS. Shariah compliant companies, like VOO but no gambling or defense companies in it. Higher expense ratio but worth it to me.
It is not easy to manage individual stocks. For a similar set and forget style portfolio I buy $SPUS. Here is top 50% weightage of this fund. [SPUS](https://www.sp-funds.com/spus/)
I am assuming that you are seeking Shariah compliant investments. There are several Shariah compliant investments which are available including a Shariah compliant indices from S&P Dow Jones - [https://www.spglobal.com/spdji/en/index-family/equity/shariah](https://www.spglobal.com/spdji/en/index-family/equity/shariah) The $SPUS ETF can provide exposure to US large cap stocks. For Boglehead based investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can provide broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. For mutual funds - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) There are also Sukuk bonds for the fixed income portion of a diversified portfolio. For example - SPFunds - SPSK. This investment manager also offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) Lastly - for generating cash yield without interest - it may be possible to use box spreads - although more research is required to determine if it is considered Halal. You can also find a subreddit for Halal investing here - [](https://www.reddit.com/r/HalalInvestor).
weapons companies. gambling companies. I invest in SPUS, which allows me to track S&P500 without investing in these companies.
1. I stick with the big boys, go with Fidelity. 2. Yeah SPUS is amazing. 3. The split really comes down to you. How comfortable are you with having less than 3 months of expenses on hand at the moment? If you're fine then yeah put more into SPUS and just let the emergency fund build up. 4. Hard to say where to put your cash then as everything is interest bearing...?
I did think it sounded a bit questionable, glad I didn’t follow it, thank you! Would you say I should do the 55% and 30% split and have 55% in SPUS (which is equiv to S&P500), and 30% in a high yield savings account? Or 85% into SPUS and put the £50 in keeping aside to build up emergency funds into a HYSA, OR put everything (minus some cash to have on hand) into a hysa first for 3-6 months and then buy SPUS? That being said, I think HYSAs aren’t allowed islamically (and from a brief research) because of the interest side of things. Looking into an alternative right now to see if I come up with anything. In terms of a brockerage account, vanguard does not have spus so not sure about it for now, leaving fidelity which was what I was originally thinking of, and trading212 (gpt recommendation). Would you personally recommend one over the other?
Hi guys! I was hoping for some advice in terms of investing into stocks etc. I’ve been researching and researching but I feel like I’m getting nowhere. After spying on posts here and trying to make sense of things for a while now (which has led to confusions), I decided perhaps it’s worth a try braving up and asking for help from this community. Just a breakdown of my finances: I only have income from my part time job, and because I’m supported by my parents (massively grateful to have this), this income would primarily be to save up for a second degree I’m looking to undertake where I have to cover tuition fees of £9250 annually. Parents will help out but I want to start managing things myself and gain financial independence. I’m working about 18 hours a week alongside my studies and earning minimum wages at £11.44 and get paid every two weeks so I’ll have £411.84 to work with. Per month that’ll be £823.68, and per year, £9,884.16. Now technically speaking, if I use all my earnings towards my tuition fees the next academic year, I’ll be ok on that front, but it only leaves me about £600 annually for my own use which isn’t a lot considering I want to stand on my own two feet and have big dreams (It might be unrealistic atm but I do want to retire my parents eventually but I feel like times running out and I’m still knee deep in education with many more years ahead - I’m 21. Hoping to invest to supplement, ik it’s not a get rich quick scheme but a build up of wealth hence why I’d like to start sooner than later). Not only that, as is now, I would not have much going for me to get my footing financially in the future. I know a lot of people advise long-term by putting money away into a tax free ISA and topping up, but not only do I not have much to put away, I’m looking at more shorter term gains rather than 10 years down the line (until I have more capital for long term). These don’t have much growth when you’re only putting away a few hundreds a month. I have been considering SPUS as a ‘long-term’ ETF (it’s a halal alternative to S&P500 which I’ve heard good things about, and SPUS tracks shariah complaint companies in S&P500 - or so I’ve heard). And if I must take on a lifetime isa using a fraction of my income, I would consider Moneybox’s lifetime ISA as a friend uses it and they give a lot of bonuses. That being said, money is locked in and can only be used towards your first house, or you lose all the bonuses they give. And I need to double check if it’s halal. I don’t have anyone around me that invests so I can’t really bounce questions off anyone, so I’ve been asking chatgpt for clarification - think it’s great for nitty gritty things but not so reliable when it comes to actually saying what I should do. In terms of financial breakdown (advice GPT gave): I plan to put aside 3% of my annual as donations as I rescue cats on the side so it’ll help towards that. GPT said to put away £50 as an emergency fund from each pay check. Then, based on the fact that I want to invest short term to gain capital for long term, I was suggested to invest 55% into high risk high return stocks, and 30% into medium risk ones. The remainder would be liquid cash for on hand things. In terms of platforms, I was originally looking at fidelity as they have SPUS (vanguard does not). However gpt is recommending trading212 for beginners. Gpt also recommended eToro for copy trading but I’ve heard bad things about them when it comes to withdrawing so I’m not sure if I should - perhaps I could open an account and just copy the trading to another app. Wahed invest was also an option for their more automated systems which would be halal but you don’t have control over what they invest in. In terms of actual companies, gpt suggested things like Apple and Tesla via fractional shares on trading212. I was considering nvda but looking at the chart, with my limited understanding, i don’t know if its worth investing now as its nearing that peak before it experiences a bit of a drop based on previous performance at those peaks. Plus someone on Reddit sold their shares after 6 months of profiting massively (not sure why they did that instead of holding on but perhaps to avoid risks of losing that gain?). I’ve also been contemplating BP, but I might be getting influenced by people speculating that with its decline there should eventually be an increase. Might be super risky though, so I don’t know if it’s the right call to make and if I should wait it out as it appears to still be in decline. This is essentially where I’m at! Would appreciate any advice, recommendations etc. perhaps someone happy to be my investing buddy, though as I am now, I won’t really be contributing conversationally and might just ask a series of dumb questions.
>would SPUS be considered “substantially identical” to VOO ? No they are not. Usually they have to track the exact same index.
This would not be considered a wash sale. SPUS and VOO are highly unlikely to be considered "substantially identical".
I am guessing that you may be Muslim. If so - how strict are you with Shariah compliant investments? I am asking because I don't believe that SPY is considered halal. If you wish to invest only in Shariah compliant funds - There are several Shariah compliant products which are available including a Shariah compliant indices from S&P Dow Jones - [https://www.spglobal.com/spdji/en/index-family/equity/shariah](https://www.spglobal.com/spdji/en/index-family/equity/shariah) The $SPUS ETF can provide exposure to US large cap stocks. For Boglehead based investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can provide broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. For mutual funds - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) There are also Sukuk bonds for the fixed income portion of a diversified portfolio. For example - SPFunds - SPSK. This investment manager also offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) A subreddit for Halal investing can be found here - [](https://www.reddit.com/r/HalalInvestor).
Long-Term: SPUS, QQQM, VT, JEPQ Riskier: CONY, NVDY, MSTY, QDTE
I liked SPUS initially but got turned off because they added AMZN to their holdings. Contacted the fund and they said it passed their Halal filters. I’m beginning to prefer HLAL to SPUS now. Another option is AMAGX.
For Halal options, check out SPUS and HLAL ETFs. For individual stocks, tech and healthcare sectors often have more Halal compliant options. If you want, I can share some resources that could help you to invest
Im down 6% from tsm and down 5.84% from SPUS long term investing so loses like this doesn't bother me started roughly a month ago
I immediately sell all my ESPP as soon as they are vested and move them to an SP500 ETF(SPUS) and a mutual fund (AMAGX). As others pointed out, if the company goes down, I don't wanna lose my job/salary and savings at the same time.
🧠 F**un fact:** There's an ETF that tracks all Sharia-compliant constituents of the S&P 500 Index. That means the companies that offer products and services that are not compliant with Sharia law are excluded. Symbol: SPUS Similarly, you have CATH, which provides exposure only to S&P 500 companies engaged in activities consistent with Catholic beliefs as set out by the U.S. Conference of Catholic Bishops.
Put it in SPUS. Research its 5 year history and what it's expected to be in 2030 via Tipranks, and you'll thank me later. I threw in a good amount for HIMS today and after hours went super high after their earnings call
Currently in Panic in what should i do. If anyone have advice on this please let me know. For context I am 18M investing around 235$ in the stock market for around 3 months. My Portfolio includes: SPUS - bought at 37$ i have around 145$ worth shares NVDA - brought at 901$, invested around 77$ KO - recently bought, have around 9$ worth. For the past month the market has been in downward spiral and i am not sure in what i should do. My biggest loss are NVDA. should i sell them of or hold and hope for the best. If anyone have advice please let me know. FYI - right now my portfolio is worth 228
Halal etfs on degiro? Hi does anybody know any halal etfs on degiro? SPUS and HLAL is not in there (only in trading 212) is ISWD an alright alternative for the s&p 500? I unfortunately cannot invest in the s&p since it’s not shariah compliant. Advise is welcome :)
Would I be wrong to pull everything else and put all my money in stocks that are performing well for me? Stocks that are performing well for me: Costco, VOO, SPY, VTI Stocks that are not performing well or middling: TSLA, BABA, QCOM, ISRG, etc. Stocks that are performing decent: HLAL, SPUS, CVNA I have realized that I don’t have the brains or time to understand investing too well. Am I wrong to pull money from all other stocks and stick it in VOO or VTI?
There are several Shariah compliant products which are available. The $SPUS ETF will only give you exposure to US large cap stocks. If you are familiar with the Boglehead philosophy of investing - there are suggestions for constructing a Shariah compliant Boglehead portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can give you broader exposure such as $HLAL and $UMMA. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) SPFunds also offers a REIT. If you want to use a mutual fund - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) \- but the expense ratio is a bit higher. There are also Sukuk bonds for the fixed income portion of a diversified portfolio. I am only aware of one Sukuk bond ETF which is also from SPFunds - SPSK. This investment manager offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund) Lastly - for generating cash yield without interest - you may be able to use box spreads - although I do not know if they are considered halal. You may also want to check out r/HalalInvestor.
SPUS excludes certain industries based on Shariah (Islamic law) principles. I am not a Muslim myself, so there is not much reason for me to invest in that. In general I am not a fan of thematic investment strategies because it doesn't have any relevance to investment performance. I could see this being appealing to certain people but for me it's not.
I looked into it, looks good from a Quick Look. Sounds like you’re not a fan of SPUS?
Yes, unfortunately the SPUS ETF actually has a fairly low dividend rate. Trying to retire off 1% dividends would require an awful lot of savings. I'm somewhat surprised no one has devised an ETF that concentrates on stocks that are both halal and high dividend. If you are going to pick individual stocks, it would be good to diversify across as many companies and sectors as you can. Classically, there are 11 sectors: Health care, Materials, Energy, Consumer discretionary, Consumer staples, Industrials, Utilities, Financials, Information technology, Communication services and Real estate. There are a few sectors where it may be difficult to find halal companies (financial: interest oriented, real estate: often highly leveraged) but it would be less risky than just 3 companies which are stable companies but all in the consumer staples sector. You could also diversify a bit internationally by putting some money into a country based ETF for an Islamic country like KSA for Saudi Arabia. It pays 2.4% dividends and the banks it holds are presumably halal?
I’m thinking of a strategy where I could invest very long term in maybe 3 companies (KO, Pepsi, Proctor & Gamble) and just bank on those dividends and reinvest those infill retirement time. I know my returns will be a bit lower compared too S&P (SPUS) but I won’t have to pay the 2.5% on the entire SPUS.
This would be correct if I never sold SPUS and decided to live on the dividends. I would only be able to live on dividends unless a emergency occurs (I won’t be penalized as my intention was to live on the dividends).
I did some reading on Zakat and found that there are a variety of options on how to calculate Zakat. From my reading, an ETF holding a variety of companies, like SPUS, would not be treated differently than the individual companies. In either case you would calculate the "Zakat- able" assets of the companies, or use 25% of the market value (which is a common simplification), and then annually pay your Zakat on that. So if you had $10,000 of SPUS, $2500 would be Zakatable, and you would pay 2.5% of that, or $62.50 per year to charity. Holding a broad market ETF like SPUS is a much lower risk investment option than just holding a single company and will most likely have higher returns. Your retirement situation is a bit more challenging as usually one withdraws about 3% of their investments in the first year (and then increases by the rate of inflation each year after that), this is usually a combination of dividends and selling some stock. I don't know how your beliefs would affect this. It is not the buying and selling of stock in the short term but there is some selling of stock that occurs each year. I would presume you would pay Zakat on what you sell/withdraw?
I recently opened up a ROTH IRA with Fidelity and fully funded it for the year. I'm Muslim and am trying to invest within the confines of what has been deemed halal. For examples companies that do not earn a sizeable amount of money from certain businesses, such as alcohol, adult entertainment, gambling, interest, etc. are not considered halal to invest in. The same applies to companies with high debt/market cap ratios (> 30%). Under these rules, this restricts my investment in popular "set it and forget it" ETF's on this subreddit, like VOO or VTSAX that I see touted. There are alternative consensus agreed upon halal ETF's out there such as HLAL or SPUS. SPUS for example is the S&P500 minus the companies that are considered not halal. My issue with these is the relatively high expense ratios, 0.50% for HLAL and 0.49% for SPUS, compared to 0.03% for VOO and 0.04% for VTSAX. Say I decide to invest 100% in HLAL, but instead of buying the ETF itself and paying the ER, I find a complete list of the holdings in the ETF and their weights, and invest into those exact stocks at the same ratio to the funds within my account, effectively reproducing the ETF but without paying the expense ratio. I could then rebalance, approximately once or twice a year so that I am still in line with the ETF as time progresses. Has anyone done something like this? Is it feasible? I am pretty new to the world of investing so if there are any potential problems with this type of strategy, I'd love the input. Thanks guys.
NVDA is top SPUS component.
SPUS 4300 EOW with this pace
Thank you so much for taking the time to provide me with this information! I appreciate your insights on the limitations of the SPUS ETF and the options for constructing a more diversified and Shariah compliant portfolio. I will definitely take a look at the resources you've shared and consider these other options for my long-term investment strategy. Thank you again for your help!
The $SPUS ETF will only give you exposure to US large cap stocks. You may have seen discussions in this subreddit and above in the wiki on considering a diversified portfolio - sometimes commonly referred to as a Boglehead portfolio. There are suggestions for constructing a Shariah compliant portfolio here - [https://www.bogleheads.org/wiki/Sharia\_investing\_for\_US\_investors](https://www.bogleheads.org/wiki/Sharia_investing_for_US_investors) There are some other Shariah compliant funds available which can give you broader exposure such as $HLAL and $UMMA [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) You may have also noticed that SPFunds offers a REIT. If you want to use a mutual fund - there is an actively managed Shariah fund - [https://investaaa.com/](https://investaaa.com/) \- but the expense ratio is a bit higher. There are also Sukuk bonds for the fixed income portion of a diversified portfolio. I am only aware of one Sukuk bond ETF which is also from SPFunds - SPSK. This investment manager offers Sukuk bond mutual funds - [https://www.saturna.com/amana/participation-fund](https://www.saturna.com/amana/participation-fund)
Dear community, I recently started investing and came across the SPUS ETF. As a person of faith, my investment choices are limited, and the SPUS ETF aligns with my religious beliefs. Currently, I have a position in SPUS and I intend to dollar-cost average into the fund for the long term. However, I am always open to learning more and gaining different perspectives. I would appreciate any insights or experiences that you may have with the SPUS ETF. Are there any red flags I should be aware of before moving forward, or have you found it to be a good investment option? For more information, you can check out the performance of the SPUS ETF since inception on YCharts (https://ycharts.com/companies/SPUS/performance) and the fund's website (https://www.sp-funds.com/spus/). Thank you for taking the time to read my post, and I am grateful for any input you may have.
Dear community, I recently started investing and came across the SPUS ETF. As a person of faith, my investment choices are limited, and the SPUS ETF aligns with my religious beliefs. Currently, I have a position in SPUS and I intend to dollar-cost average into the fund for the long term. However, I am always open to learning more and gaining different perspectives. I would appreciate any insights or experiences that you may have with the SPUS ETF. Are there any red flags I should be aware of before moving forward, or have you found it to be a good investment option? For more information, you can check out the performance of the SPUS ETF since inception on YCharts (https://ycharts.com/companies/SPUS/performance) and the fund's website (https://www.sp-funds.com/spus/). Thank you for taking the time to read my post, and I am grateful for any input you may have.
Since you mentioned real estate - are you looking for longer term investments? There are ETFs that track the FTSE USA Shariah Index as well as other indices which are Shariah compliant such as $HLAL, $UMMA, and $SPUS. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) [https://www.sp-funds.com/](https://www.sp-funds.com/) I've come across a Shariah compliant actively managed mutual fund but I think their expense ratios were pretty high. - [https://investaaa.com/](https://investaaa.com/) If you are looking for shorter term investments that are similar to a high yield savings account or treasuries without interest - as u/kiwimancy mentioned - long box spreads should theoretically be halal but you will have to verify that. Long box spreads are an arbitrage strategy which doesn't rely on generating interest. Also - because it not an interest bearing investment, the yield is normally better than a CD or t-bill. It is implemented with section 1256 contracts, the gains have more favorable tax treatment since 60 percent of the gain is considered long term capital gain. However, it does require experience with trading options.
Check HLAL and SPUS ETFs if could be ok for you
The Iman Fund is a mutual fund. You can invest in it in 2 ways. You can open an account directly with the fund manager here - [https://investaaa.com/](https://investaaa.com/) or you can open an account with a broker and invest via a brokers. Brokers like Fidelity provide Iman Fun as NTF (no transaction fee) funds. The advantage to opening an account at a broker instead of investing directly with the fund manager is that you can also invest in other Sharia-compliant funds which are available. For example - there are funds that track the FTSE USA Shariah Index which are Shariah compliant such as $HLAL, $UMMA, and $SPUS. [https://funds.wahedinvest.com/](https://funds.wahedinvest.com/) [https://umma.wahedinvest.com/](https://umma.wahedinvest.com/) [https://www.sp-funds.com/](https://www.sp-funds.com/)
Well you didn't say what religion, but I know interest is banned in Islam and there's a whole field of halal/shariah compliant finance and investing. There are ETFs you can buy like SPUS and HLAL which are similar to indices like S&P500 but excluding shares in sectors like banking and arms dealing that are not permissible for Muslims. So even if you're not Muslim, these funds are a way to invest without deriving income from interest.
Is there a use to buy stock after investing in a mutual fund that includes the company? Very new to investing so unsure if this is basically what investment is. In my early 20s and just recently stepped my foot into investment through a local brokerage. They needed minimum $1000 and as I only had that much money, I put it into Al-Ahli North America Index Fund. I figured out later (I knew when I invested) that it might have been a mistake because it doesn't give dividends and I only have the money when I sell it off far in the future. Probably I should have invested in 'things' that that would give some dividends for some small money (not looking for FIRE journey, feels good to have extra-ish money). So my next journey is I plan to save $3000+ to invest lump-sum for an individual stock through IBKR. A stock that would get me dividend. Now the index fund I invested currently holds like Microsoft. For example, is it sensible to buy Microsoft stocks while holding an index fund that has it? or should I sell off the index fund to buy the stock? Would it be sensible for me to invest in individual stock next first compared to ETF SPUS? Honestly, I'm feeling very FOMO haha. * Note that I live in a small country and my investment has to be shariah-compliant, hence my choices.
Is there a use to buy stock after investing in a mutual fund that includes the company? Very new to investing so unsure if this is basically what investment is. In my early 20s and just recently stepped my foot into investment through a local brokerage. They needed minimum $1000 and as I only had that much money, I put it into Al-Ahli North America Index Fund. I figured out later (I knew when I invested) that it might have been a mistake because it doesn't give dividends and I only have the money when I sell it off far in the future. Probably I should have invested in 'things' that that would give some dividends for some small money (not looking for FIRE journey, feels good to have extra-ish money). So my next journey is I plan to save $3000+ to invest lump-sum for an individual stock through IBKR. A stock that would get me dividend. Now the index fund I invested currently holds like Microsoft. For example, is it sensible to buy Microsoft stocks while holding an index fund that has it? or should I sell off the index fund to buy the stock? Would it be sensible for me to invest in individual stock next first compared to ETF SPUS? Honestly, I'm feeling very FOMO haha. * Note that I live in a small country and my investment has to be shariah-compliant, hence my choices.
For any Muslim investors out there, I highly recommend SPUS, an S&P fund that excludes certain non-halal industries like weapons development, alcohol, and financials.
Due to religious reasons, there are some limitations on what companies I can invest in and what I can't. There are 2 ETFs that I know of which are compliant with my beliefs and I was hoping you guys could tell me which one is better for me to invest in, whether I should invest in both, and what my split should be. The 2 ETFs are [HLAL](https://www.etf.com/HLAL) and [SPUS](https://www.etf.com/SPUS) I'm not asking for any religious commentary please, just strictly investing advice.
Choose halal stocks and etfs. Don't invest in "sin stocks". Halal etfs= SPUS & HLAL they are both good.
Dividend yield is usually stated as an annual number. Thus, the yield would be calculated base on all dividends for the year. (How many dividends for SPUS in a year?) Second, price fluctuates as does the dividend amount. A trailing 12 month dividend yield is a calculated value (fixed). A forward dividend yield is based on a specific price (which varies) and the estimated total dividends (again, which varies).
How do dividends work? I have 28 shares of SPUS worth $771.30 It says the dividend yield is 1.04% I recieved a dividend of only 88 cents. Why?
SPUS, HLAL, fit this criteria but also exclude banks and other companies with high debt ratios.
Frequent lurker, made an account to reply. Halal investing seems right up you alley. I recommend asking over at r/islamicfinance for more info but the ETFs SPUS and HLAL track the sharia compliant parts of the US market. You can also look into ESG investing. It doesn't follow a religious mandate but does avoid socially undesirable stocks, like those associated with adult entertainment, civilian firearms, oil, etc. BlackRock and Nuveen have some good ESG indices. Keep an eye on BlackRock in particular. In January their CEO said socially responsible investing was the future and that BlackRock would lead the charge. Never forget the number one rule of investing: do your research. As long as you do your research and understand what you're getting into, you'll come out okay.