SPTE tracks a global index comprised of large-cap information technology firms that pass specific criteria for adherence to Shariah laws. Companies involved in business practices against the principles of Shariah like gambling, tobacco, or alcohol-related business activities are screened out. Firms deploying leverage that contravenes Shariah regulations are also eliminated. The index is a float-adjusted market capitalization weighted, with a 10% single issuer capping and a 50% country capping. Furthermore, SPTE has the flexibility to invest up to 20% of its assets in Shariah-compliant securities not listed in the index based on the fund advisers recommendations. These are chosen to help the fund align with the index performance. SPTE seeks to provide a balanced exposure to the IT sector, aligning with Shariah guidelines and aiming to deliver consistent performance in line with the index.

فئة الأصول

Equity

الجهة المصدرة

SP Funds

موطن التسجيل

US

تاريخ التأسيس

1 ديسمبر 2023

عدد الحيازات

100

ISIN

US84612A1016