Is Wahed Dow Jones Islamic World ETF (UMMA) halal? Not Halal. Based on AAOIFI screening, Wahed Dow Jones Islamic World ETF passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 55/100 (Grade: C+).
UMMA — Is Wahed Dow Jones Islamic World ETF Halal?
UnknownWahed Dow Jones Islamic World ETF
$36.53
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Basket Composition
26% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Purify Your UMMA Dividends
0.3% non-compliant incomeUMMA has 0.3% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
243.8M
Price
$36.53
Sector
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Industry
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.