Everyday Shariah Account

The Everyday Shariah Account (ESA) is a Wahed investment product built on the KraneShares Wahed Short-Term Alternative Income ETF (KWIN) (“the Fund”), which aims to track the Wahed Shariah Alternative Income Index (WHDINC) (“the Index”).

ESA is designed to generate steady, Shariah-compliant returns. Instead of weathering the ups and downs of the stock market, the ESA follows a rules-based arbitrage strategy that seeks to earn returns from buying Shariah-compliant stocks and locking in fixed-sale contracts to take advantage of price differentials. The Fund is listed on the New York Stock Exchange.

Performance

Prior to the Fund's launch, performance information is based on backtested data of the underlying index, the Wahed Shariah Alternative Income Index, as calculated by MerQube, Inc. (“MerQube”). This backtested data has been adjusted to reflect an assumed annual fund fee of 0.50% in the monthly return series.

Upon the Fund's launch, the Everyday Shariah Account (ESA) will continue to reference the performance of the Index as indicative returns until at least three (3) months of the Fund's actual performance data becomes available, after which the Fund's performance will be tracked and reported against its benchmark—the Wahed Shariah Alternative Income Index.

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All data in this page is as of 30 October 2025, unless otherwise stated.

The Wahed Shariah Alternative Income Index launch date is 31 July 2025.

All performance information is hypothetical backtested data, not actual performance, calculated using the index methodology in effect on the launch date. Where shown, backtested index data may be adjusted to reflect estimated fund-level fees or other assumptions. Such adjustments may be applied to daily, monthly, or other periodic return data and are intended solely for illustrative purposes. Backtested performance is hypothetical and does not represent actual fund trading.

Backtested performance reflects the application of the index methodology and the selection of index constituents with the benefit of hindsight. It may also reflect survivor and/or look-ahead bias, and cannot account for all financial risks that may affect results. In some cases, backtested results may include "Backward Data Assumptions," where current constituent data or characteristics have been applied to historical periods in which such data was not available.

Index returns and hypothetical fund returns do not represent actual trading or the management of actual assets. They do not reflect the deduction of any sales charges, trading costs, taxes, or other expenses an investor may incur. The imposition of such costs would reduce returns.

Additional Performance Disclaimer

The returns shown, including historical, expected, or probability-based projections, are for illustrative purposes only and do not reflect actual performance. Past performance of any trading model or system published by Wahed Technologies Sdn. Bhd. is not indicative of future results. Wahed Technologies Sdn. Bhd. assumes no responsibility or liability for any investment outcomes resulting from reliance on such performance data.

Limitations of Backtested Data

Backtested results are produced using the same methodology that will be applied once the index is live but are calculated with the benefit of hindsight. They may not reflect the impact of real-world economic and market factors that could have affected actual performance.

No Guarantee of Future Results

Past performance, whether actual or simulated, is not indicative of future performance and does not guarantee future results. Investments carry risks, including the possible loss of principal.

Index Provider Disclaimer

The Wahed Shariah Alternative Income Index is administered and calculated by MerQube. MerQube does not sponsor, endorse, or promote the Fund and makes no representation regarding the advisability of investing in the Fund. Index returns do not reflect the deduction of any fees, expenses, or taxes.

Differences from Actual Performance

The Fund's actual performance may differ from the performance of the Wahed Shariah Alternative Income Index due to factors such as management fees, transaction costs, market conditions, timing differences in trade execution and other variables. Past or backtested performance of the Index does not guarantee future returns of the Fund.

Fees

Investments in the Everyday Shariah Account (ESA) are subject to fees and charges that may affect overall returns. No wrap fees are charged for ESA. Applicable fees include:

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Understanding currency and your investment display

We want to help you understand exactly how your Everyday Shariah Account (ESA) works, and why your balance might fluctuate even when the market is steady.

How your money is invested

Although you deposit Malaysian Ringgit (MYR) into your app, the actual assets in the ESA are held in US Dollars (USD) . We do this to give you access to stable international markets and high quality investment opportunities.

Why your displayed balance changes

Because your investment is in USD, but you live and spend in Malaysia, the Wahed app converts the value of your ESA back into Ringgit so you can see what it is worth to you today. This means your balance is affected by two things:

• The Investment Performance: How well the fund is doing.
• The Exchange Rate: The price of the US Dollar compared to the Ringgit.

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Why is this good for you?

While seeing the numbers move can be worrying, holding assets in USD is a great way to diversify your savings. It protects you from relying entirely on the Malaysian economy.

The Long-Term View

Short-term currency changes happen every day. However, the goal of the ESA is consistent, stable growth over time. We encourage you to focus on the performance of the underlying investment rather than daily exchange rate swings.

Important Information

This page is provided for informational purposes only and does not constitute a recommendation to invest. This content has not been reviewed by the Securities Commission Malaysia.