HLAL

📎 Investment Objective

The Wahed FTSE USA Shariah ETF (HLAL) seeks to track the performance of the FTSE USA Shariah Index, which is designed to provide exposure to large and mid-cap U.S. companies that are compliant with Islamic investment principles.

✨ Key Features

• Provides exposure to a portfolio of U.S. stocks that are Shariah-compliant
• Tracks the FTSE USA Shariah Index, which is designed to represent the performance of Shariah-compliant U.S. equities
• Relatively low expense ratio of 0.00%
• Relatively new fund with limited performance history

⚠️ Primary Risks

• Concentration risk as the fund is focused on a specific subset of the U.S. equity market
• Potential for underperformance compared to the broader U.S. equity market due to the Shariah-compliant screening process
• Limited liquidity and trading volume due to the fund's small asset size
• Tracking error risk as the fund may not perfectly replicate the performance of the underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to U.S. equities that are compliant with Islamic investment principles. It may be of particular interest to Muslim investors or those looking to incorporate Shariah-compliant investments into a diversified portfolio. However, due to the fund's small asset size and limited performance history, it may not be appropriate for all investors.