KraneShares Wahed Alternative Income Index ETF

Income without dividends is the puzzle KWIN tries to solve for Shariah-compliant investors, who cannot collect interest and often hold non-dividend-paying growth stocks. The fund tracks the Wahed Shariah Alternative Income Index, pairing long positions in US equities with an options overlay: it sells calls and buys puts on the same names to build a roughly delta-neutral portfolio. The idea is to harvest option premium as an income-like return while muting the effect of the underlying stocks' price swings. Holdings skew toward technology and healthcare names such as chipmakers and cybersecurity firms, chosen partly because they pay no dividends. KraneShares issues the fund and Wahed Invest, a halal-investing specialist, sub-advises it and vets the strategy for compliance. It targets observant investors who want a steady, permissible income stream rather than a bet on a rising or falling stock market.

On MyRWA, KWIN trades tokenized across 1 on-chain venue - see the listings below.