Listed Funds Trust Wahed Dow Jones Islamic World ETF

Non-US large caps that satisfy Islamic law make up UMMA, the more global of Wahed's two US-listed funds. It is built around the Dow Jones Islamic Market International Titans 100 index, a basket of the largest companies outside the United States that pass Sharia screens on business activity and debt levels. Wahed Invest, a New York fintech focused on halal investing, advises the fund and manages it actively around that benchmark, excluding conventional banks, insurers and firms with prohibited income or excessive leverage. For a Sharia-compliant investor building a global allocation, it covers the developed markets of Europe and Asia that a US-only fund misses, in a single holding. Because financials are screened out and the portfolio skews to mega-cap multinationals, its sector mix differs sharply from a conventional international index. It launched in 2022 and charges 0.65%.

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