WAHED DOW JONES ISLAMIC WORLD UCITS ETF

Issuer: Waystone

Asset Class: Equity

TER: 65

Trading Currency: USD

Pays Income: False

Listing Date: 19 Jan 2026

Ticker: DJIW

ISIN: IE00073MUWT4

This fund offers investors a targeted approach to global equity markets by adhering to Shariah principles. The investment objective is to track the performance of the Dow Jones Islamic Market World Index, which comprises companies from around the world that meet stringent ethical and financial screening criteria based on Islamic law. This process excludes businesses primarily involved in sectors such as alcohol, tobacco, gambling, conventional financial services, and pork-related products. Additionally, companies are screened for acceptable levels of debt and other financial ratios, ensuring the portfolio aligns with the values of Islamic finance. It provides a transparent, rules-based method for accessing a diversified basket of Shariah-compliant global stocks.

The underlying portfolio consists of large and mid-capitalization companies across both developed and emerging markets, offering broad diversification. Geographically, the fund has a significant allocation to the United States, complemented by holdings in other major economies like Japan, Switzerland, and France. From a sector perspective, it is typically heavily weighted towards Information Technology and Health Care, reflecting the prevalence of compliant companies in these high-growth areas, while financials are naturally underrepresented due to the exclusion of conventional banking and insurance firms. This composition allows investors to participate in global economic growth while maintaining their ethical convictions.

As a passive investment vehicle, this fund is designed for individuals seeking long-term capital appreciation through a cost-effective and convenient single instrument. It serves as an ideal core holding for a Shariah-compliant portfolio, eliminating the complexity of screening individual stocks. The accumulating share class structure ensures that any dividends paid by the constituent companies are automatically reinvested back into the fund, which helps to compound returns over the long term. This makes it a suitable option for investors focused on building wealth in a manner that is consistent with their faith and ethical values.