Wahed Dow Jones Islamic World Fund (UMMA)

Overview

The fund is an actively-managed exchange-traded fund (ETF) that focuses on investing in equity securities of global companies, excluding those domiciled in the United States. Its unique investment criterion is to only invest in companies that are Shariah Compliant, meaning they adhere to the principles of Islamic law as determined by subject-matter experts. The advisor for this fund aims to replicate the performance of the Dow Jones Islamic Market International Titans 100 Index (the “Index”), which is composed of international companies meeting these Islamic principles. Despite being non-diversified, the fund prioritizes investments that align with these ethical and religious guidelines, seeking to provide investors with returns consistent with the Index.

Products and Services

• Shariah Compliant ETF Investing

  This ETF offers investors the opportunity to invest in global equity securities that comply with Islamic principles. By excluding U.S. domiciled companies and ensuring that all investments meet Shariah compliance as interpreted by experts, this fund provides a niche investment opportunity for those wishing to invest according to Islamic ethics.

• Active Management Strategy

  Contrasting with passive investment strategies, this fund is actively managed. The fund’s advisors actively select securities they believe will match or outperform the components of the Dow Jones Islamic Market International Titans 100 Index. This approach aims to achieve returns similar to those of the Index but through a lens of Shariah compliance.

• Focus on Non-Diversified Investments

  While diversification is a common strategy to spread out investment risk, this fund chooses a non-diversified approach. It concentrates its investments in securities it deems Shariah compliant, without diversifying across a wide range of securities that do not meet this criterion. This focused approach is suited for investors specifically interested in Shariah-compliant companies.