Wahed FTSE USA
Shariah ETF

Ticker : HLAL

Get passive index exposure to
US Shariah-compliant stocks

Shariah-compliant stocks are stocks that have characteristics which are consistent with Islamic principles as interpreted by subject-matter experts
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.

Overview

For more detailed information please download the fund factsheet
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 09-29-2022
Net asset value (NAV)
$33.87
Prior business day’s NAV
$34.67
Premium/Discount
-0.05%
Market closing price
$33.85
30-Day Median Bid-Ask Spread
0.06

Premium Discount Information

(as of March 31, 2022)