US Islamic investment platform Wahed rolls out Sharia-compliant ESG-themed fund
US-based Islamic investment platform Wahed has rolled out a new Sharia-compliant ESG themed exchange traded fund (ETF).
The Wahed Dow Jones Islamic World ETF (Ticker: UMMA) began trading last Friday on the Nasdaq stock exchange.
The actively managed fund will benchmark to the Dow Jones Islamic Market International Titans 100 Index, a data-driven index owned and maintained by S&P Dow Jones Indices. The fund is designed to measure the stock performance of the largest global companies – excluding the US – that adhere to Sharia compliance guidelines.
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