Understanding market volatility, together: A message from team Wahed.
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A Message From Team Wahed

A Message From Team Wahed
Market fluctuations can be unsettling. When headlines change quickly and markets move unpredictably, it’s natural to feel concerned about your investments.

Periods of uncertainty are not new. Over the past decades, global markets have experienced many moments of volatility - including events such as the COVID-19 pandemic, inflation cycles, geopolitical tensions, and economic slowdowns. While each period feels unique at the time, market fluctuations have historically been a normal part of long-term investing.

At Wahed, our approach has always been built around long-term, disciplined investing aligned with Shariah principles. Our portfolios are constructed to focus on diversification, risk management, and investments that meet ethical and Shariah screening standards.

Short-term market movements can be uncomfortable, but investment decisions made during moments of uncertainty are often the most important ones. History shows that markets move through cycles, and maintaining a thoughtful long-term perspective can help investors navigate these periods.

Our team continues to actively monitor global markets and portfolio allocations to ensure they remain aligned with both financial best practices and Shariah compliance.

More importantly, you are not navigating these markets alone.If you have questions or concerns about your investments, our team is here to help provide guidance and clarity so you can make informed decisions with confidence. We remain committed to supporting you on your long-term investment journey.


The Wahed Team

Wahed Invest Limited is regulated by the Financial Services Regulatory Authority (“FSRA”) in the Abu Dhabi Global Markets (“ADGM”) and holds a Category 3C license for conducting Shariah Compliant Regulated activities of Managing assets and Arranging custody.
Past performance is no guarantee of future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes only and are not an indication of future performance. All investing involves risk, including the possible loss of all the money you invest.
Past results of any trading system published by Wahed Invest Limited, through the website or otherwise, are not indicative of future returns by that system, and are not indicative of future returns which will be realised by you. Wahed Invest Limited assumes no responsibility for liability for your trading and investment results. Please visit wahed.com for full terms and conditions.
Office 4328, Floor 43, Addax Port Office Tower, Al Rayfa Street, Al Reem Island, Abu Dhabi, United Arab Emirates

Wahed FTSE USA
Shariah ETF

Our halal investments are structured in accordance with Islamic principles

Get passive index exposure to
US Shariah-compliant stocks

Our halal investments are structured in accordance with Islamic principles
NASDAQ listed, global accessibility

A milestone for the Shariah-compliant investing space. Our fund is now publicly available.

Low-expense ratio

We believe in low-cost, efficient investing.

Globally recognized index

The fund tracks the FTSE Shariah USA Index.

Form N-PX

(as of June 30, 2025)

ETF Factsheet

Prospectus

Summary Prospectus

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2019)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2020)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2021)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2022)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2023)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2024)

Semi-Annual Financial Statements and Additional Information

(as of November 30, 2025)

Schedule of Investments

(as of February 28, 2020)

Schedule of Investments

(as of August 31, 2020)

Schedule of Investments

(as of February 28, 2021)

Schedule of Investments

(as of August 31, 2021)

Schedule of Investments

(as of August 28, 2022)

Schedule of Investments

(as of August 31, 2023)

Schedule of Investments

(as of February 29, 2024)

Schedule of Investments

(as of February 28, 2025)

Schedule of Investments

(as of August 31, 2025)

Annual Financial Statements and Additional Information

(as of May 31, 2020)

Annual Financial Statements and Additional Information

(as of May 31, 2021)

Annual Financial Statements and Additional Information

(as of May 31, 2022)

Annual Financial Statements and Additional Information

(as of May 31, 2023)

Annual Financial Statements and Additional Information

(as of May 31, 2024)

Annual Financial Statements and Additional Information

(as of May 31, 2025)

Holdings

Quarterly Purification on HLAL Dividends

(as of 31st March 2026)

Statement of Additional Information

Annual Shareholder Report

(as of May 31, 2025)

Semi Annual Shareholder Report

(as of November 30, 2025)

Overview

Our halal investments are structured in accordance with Islamic principles
Bloomberg Ticker
HLAL
Inception Date
July 16, 2019
Total Expense Ratio
0.50%
Domicile
USA
Benchmark Index
FTSE Shariah USA Index
Refer to the definition below*
Rebalance Frequency
Quarterly
Distributor
Quasar Distributors, LLC
Custodian
U.S. Bank National Association
Base Currency
USD
Asset Class
Equity
Distribution Frequency
Annual
Investment Advisor
Wahed Invest LLC
Administrator
U.S. Bancorp Fund Services, LLC

*The FTSE Global Equity Shariah Index Series has been designed to be used as the basis of Shariah compliant investment products that meet the requirements of Islamic investors globally. Using the Large and Mid Cap stocks from the FTSE Global Equity Index Series as a base universe, constituents are then screened against a clear set of Shariah principles. Shariah screening is undertaken by Yasaar Limited, to create a Shariah compliant index series. The series has been fully certified as Shariah-compliant through the issue of a Fatwa (Islamic legal opinion).

The FTSE Shariah USA Index contains USA stocks that meet these criteria. The FTSE Shariah USA Index has been fully certified as Shariah-compliant through the issue of a Fatwa (Islamic legal opinon) by Yasaar's principals.

Fund Information

Data as of 02-21-2024
Net asset value (NAV)
$46.77
Prior business day’s NAV
$46.99
Premium/Discount
0.05%
Market closing price
$41.93
30-Day Median Bid-Ask Spread
0.05

Premium Discount Information

as of March 31, 2026