Wahed Dow Jones Islamic World Fund - UMMA

The Wahed Dow Jones Islamic World Fund is an innovative financial asset designed as an exchange-traded fund (ETF) that embodies Shariah-compliant investment principles. It primarily seeks to track the performance of the Dow Jones Islamic Market Developed Markets Top Cap Index, which comprises large-cap companies adhering to Islamic finance regulations. This involves excluding businesses engaged in activities prohibited by Shariah law, such as conventional banking, alcohol, and gambling, among others. It facilitates investments in sectors and industries like technology, healthcare, and consumer goods, which comply with ethical investing guidelines. The Wahed Dow Jones Islamic World Fund serves a niche yet significant role in financial markets by providing ethically-conscious investors and those adhering to Islamic finance principles access to global equities. In doing so, it empowers a segment of investors to diversify internationally while respecting their values and beliefs. This fund is a critical tool for investors looking to balance the pursuit of wealth with ethical and religious observance, marking its importance in promoting and operationalizing the concept of socially responsible investing in the global financial arena.