Is UMMA halal?
Wahed Dow Jones Islamic World ETF (UMMA) is a Shariah-compliant ETF: its index is supervised by S&P Dow Jones Shariah Supervisory Board. Its holdings are screened and a purification rate is published (about 1% of dividends).
Key facts
| Fund family | Wahed |
|---|---|
| Category | Foreign Large Growth |
| Expense ratio | 0.65% |
| Assets under management | $300.6M |
| Inception | 2022-01-06 |
| Purification rate | 1% |
Shariah supervision
| Authority | Standard | Position | Verified |
|---|---|---|---|
| S&P Dow Jones Shariah Supervisory Board | DJIM | compliant | 2026-05-08 |
Top 5 holdings
| Holding | Weight | Status |
|---|---|---|
| Samsung Electronics Co Ltd | 9.14% | Compliant |
| SK Hynix Inc | 8.39% | Compliant |
| Taiwan Semiconductor Manufacturing Co Ltd ADR | 5.88% | Compliant |
| ASML Holding NV | 4.95% | Compliant |
| Infineon Technologies AG | 4.04% | Compliant |
Sector mix
| Technology | 48.5% |
|---|---|
| Healthcare | 15.1% |
| Industrials | 11.4% |
| Basic materials | 8.0% |
| Consumer cyclical | 7.1% |
| Consumer defensive | 6.4% |
What it tracks
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to invests in equity securities of global companies (excluding U.S. domiciled companies) the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts (each, a “Shariah Compliant Company”). The adviser seeks to invest the fund’s assets in securities similar to the components of, and to achieve returns similar to those of, the Dow Jones Islamic Market International Titans 100 Index (the “Index”). The fund is non-diversified.
Go deeper on Sanad
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- 🔒 All 10 holdings with each one's compliancePRO••••••
- 🔒 Purification per holdingPRO••••••
- 🔒 Alerts when the fund's status changesPRO••••••
Frequently asked questions
Is UMMA halal?
Wahed Dow Jones Islamic World ETF (UMMA) is a Shariah-compliant ETF: its index is supervised by S&P Dow Jones Shariah Supervisory Board. Its holdings are screened and a purification rate is published (about 1% of dividends).
What is purification for an ETF?
Even compliant companies earn a little interest. A Shariah ETF publishes the share of income that is not permissible so investors can donate the same share of their distributions.
Who certifies it?
S&P Dow Jones Shariah Supervisory Board (DJIM, verified 2026-05-08)