Wahed FTSE USA Shariah ETF (HLAL)
Summary
HLAL Chart
HLAL: A Screening Methodology That Appeals
HLAL is a Shariah-compliant ETF offering broad U.S. market exposure with a focus on low debt and ethical business practices. The fund tracks the FTSE USA Shariah Index, emphasizing tech and healthcare sectors, with Apple and Microsoft comprising nearly 30% of the portfolio. HLAL's sector allocation favors tech (56.6%) and healthcare (12.2%), avoiding industries like alcohol, tobacco, and conventional financial services.
Wahed FTSE USA Shariah ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 7,631 | $402,459.07 | $546,159.83 | $143,700.76 | 35.71% |
 Christopher C. Powers Farther Finance Advisors, LLC | 35,234 | $1.65M | $2.48M | $827,541.69 | 50.13% |
 Kevin Bresler TD Waterhouse Canada Inc. | 8,649 | $409,760.31 | $616,716.94 | $206,956.63 | 50.51% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 13,322 | $653,840.21 | $937,868.8 | $284,028.59 | 43.44% |
 Sara Beth Stanich Stanich Group LLC | 3,100 | $221,303 | $222,900.54 | $1,597.54 | 0.72% |
Wahed FTSE USA Shariah ETF (HLAL) FAQ
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Wahed FTSE USA Shariah ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The described company operates within the financial sector, specializing in offering investment opportunities that are compliant with Shariah law. Its primary focus is managing a portfolio that includes common stocks of large- and mid-capitalization U.S. companies. These investments are carefully selected based on the criteria of Shariah compliance, as determined by experts in Islamic law and principles. The company aims to maintain at least 80% of its total assets invested in the securities that form part of its carefully curated index. Although it operates with a non-diversified fund approach, the organization strives to adhere to Islamic investing principles, offering a niche service for investors seeking alignment with their religious beliefs and financial growth objectives.
Products and Services
- Shariah-Compliant Investment Fund
This service involves managing a portfolio that strictly adheres to Islamic principles, focusing on investments in large- and mid-cap U.S. companies. The fund is carefully curated to ensure that all component securities meet the stringent requirements of Shariah compliance, as interpreted by Islamic subject-matter experts. This offering caters specifically to individuals and institutional investors looking for financial products that align with their religious beliefs, without compromising on potential market gains.
- Islamic Financial Advisory
Alongside investment management, the company provides specialized advisory services focused on Islamic finance. These services are designed to assist investors in making informed decisions that are consistent with both Shariah law and their investment goals. The advisory covers various aspects, including portfolio creation, asset allocation, and compliance verification, ensuring that each investment is permissible under Islamic principles.
