iShares MSCI USA Islamic

ETF description

This ETF invests in a selection of U.S. companies that meet specific criteria based on Islamic principles. It avoids companies involved in industries like alcohol, gambling, and conventional banking, which do not align with Shariah law. The fund provides exposure to a broad range of sectors, including technology, healthcare, and consumer goods, while adhering to Islamic investment guidelines.

This ETF may appeal to investors who want exposure to the U.S. stock market while ensuring their investments comply with Islamic principles.

Issuer details

iShares ETFs are issued and managed by BlackRock, the world’s largest asset management company.

With 800+ products globally and over $2trn in assets (as at June 2024), iShares ETFs are a flexible, low‑cost way for investors to gain exposure to various market segments, including fixed income, emerging markets and broad‑based indexes.

Index details

The MSCI USA Islamic index offers exposure to large and mid‑cap companies listed on U.S. stock exchanges that comply with Shariah principles. Focusing on ethical investment standards, the index provides opportunities for growth and diversification within the U.S. equity market while adhering to Islamic guidelines.