UMMA

📎 Investment Objective

The Wahed Dow Jones Islamic World ETF seeks to track the performance of the Dow Jones Islamic Market Titans 100 Index, which provides exposure to large-cap companies that comply with Islamic investment principles.

✨ Key Features

• Provides exposure to a diversified portfolio of large-cap companies that adhere to Islamic investment principles
• Tracks the Dow Jones Islamic Market Titans 100 Index, which is designed to represent the performance of the largest Shariah-compliant companies globally
• Has a low expense ratio of 0.00%
• Relatively new ETF with limited performance history

⚠️ Primary Risks

• Concentration risk as the fund is focused on a specific subset of the global equity market
• Potential for underperformance compared to broader market indices due to the Shariah-compliant screening process
• Limited liquidity and trading volume due to the fund's small asset base
• Currency risk for investors outside the U.S. as the fund's holdings are denominated in various global currencies

👤 Best For

This ETF may be suitable for investors seeking exposure to large-cap global equities that align with Islamic investment principles. It may be of particular interest to Muslim investors or those looking to incorporate Shariah-compliant investments into their portfolio. However, the fund's limited performance history and small asset base may make it less suitable for risk-averse investors or those seeking a more established, liquid investment option.