(HLAL) Wahed FTSE USA Shariah - Ratings and Ratios

The Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) is designed to track the performance of large- and mid-capitalization U.S. companies that adhere to Shariah principles. The funds index screens for stocks that meet Islamic financial standards, avoiding sectors such as alcohol, tobacco, gambling, and interest-based finance. Under normal market conditions, the ETF allocates at least 80% of its assets to the securities included in its underlying index. As a non-diversified fund, it may concentrate its holdings in a smaller number of issuers, which can lead to higher volatility compared to diversified funds. The ETF provides exposure to U.S. equities while aligning with the ethical and religious guidelines of Islamic finance.

HLAL is classified as a Large Blend ETF, focusing on companies with market capitalizations similar to those in the S&P 500. Its Shariah-compliant approach makes it a unique offering in the U.S. ETF market, catering to investors seeking alignment with Islamic principles. The funds structure allows it to replicate the performance of its target index while maintaining compliance with its ethical standards.