SP Funds Dow Jones Global Sukuk ETF (SPSK)

Overview

This company focuses on providing investors access to U.S. dollar-denominated investment-grade sukuk. Sukuks are financial certificates, akin to bonds, that are issued in the global markets. These financial instruments are structured to comply with Islamic religious law, commonly known as Sharia, and adhere to its investment principles. The company aims to manage its funds by investing all, or substantially all, of its assets into the securities that constitute the index it tracks. Under normal circumstances, it commits at least 80% of its total assets to investments in the component securities of the index. Specializing in this niche financial instrument, the company operates with a non-diversified fund strategy.

Products and Services

• U.S. Dollar-Denominated Investment-Grade Sukuk

  The primary product offered is access to investment in U.S. dollar-denominated sukuks that are of investment grade. These sukuks serve as an alternative to conventional bonds and are compliant with Sharia law, catering to investors seeking Sharia-compliant investment opportunities. The company's focus on U.S. dollar-denominated securities aims to attract investors looking for less currency risk in their Sharia-compliant investments.

• Sharia-Compliant Investment Management

  Alongside offering sukuks, the company provides Sharia-compliant investment management services. This means that the company not only invests in securities that comply with Islamic law but also adheres to the principles of Sharia in its investment strategies and operations. This service caters to investors who wish to ensure that their investments are managed in accordance with Islamic principles.

• Non-Diversified Fund Investment Strategy

  The company adopts a non-diversified investment strategy, focusing primarily on investments in the sukuk market. This approach means that the company invests a large portion of its assets in the securities that make up the index it follows, without spreading its investments across a wide range of securities. This strategy is suited for investors who wish to have concentrated exposure to the sukuk market and are comfortable with the associated risks of a non-diversified investment portfolio.