NASDAQWahed Invest LLC

Is UMMA halal?

Wahed Dow Jones Islamic World ETF (UMMA) is a shariah-screened ETF from Wahed Invest LLC, tracking the Dow Jones Islamic Market International Titans 100 Index with shariah oversight by Wahed's Shari'ah Supervisory Board with annual SSB reports (2022, 2024) on the fund page via Shariyah Review Bureau, at an expense ratio of 0.65%, from the issuer's own documents as of July 22, 2026.

Wahed UMMA fund page + Q2 2026 factsheet. Checked Jul 22, 2026.
TracksDow Jones Islamic Market International Titans 100 Index (actively managed; issuer says the fund 'largely tracks' it)
Screening standardDow Jones Islamic Market screens per issuer factsheet: sector exclusions at 5% of revenue, and total debt, cash + interest-bearing securities, and receivables each <33% of trailing 24-month average market capitalization
Shariah reviewWahed's Shari'ah Supervisory Board with annual SSB reports (2022, 2024) on the fund page via Shariyah Review Bureau; fund holds a Shariah Certificate
Yearly fee0.65%
Assets$301 million. As of Jun 30, 2026
PurificationWahed publishes a Quarterly Purification on UMMA Dividends file on the fund page with per-dividend purification amounts
HoldsShariah-compliant international (non-US) equities across developed and emerging markets (90, 100 holdings)
Other funds

Shariah ETFs

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WSHRWealthsimple Shariah World Equity Index ETFDeveloped-world, quality + low-volHLALWahed FTSE USA Shariah ETFUS large + mid caps (FTSE Shariah)MNZLManzil Russell Halal USA Broad Market ETFUS broad market (screened Russell 1000)