WAHED S&P 500 SHARIAH UCITS ETF

Issuer: Waystone

Asset Class: Equity

TER: 50

Trading Currency: USD

Pays Income: False

Listing Date: 19 Jan 2026

Ticker: SPWI

ISIN: IE000QF8TEK7

The WAHED S&P 500 SHARIAH UCITS ETF offers a specialized investment vehicle for individuals seeking exposure to the U.S. large-cap equity market while adhering to Islamic principles. The fund's primary objective is to track the performance of the S&P 500 Shariah Index, which comprises constituents of the standard S&P 500 that pass a series of rigorous screens. This screening process excludes companies involved in business activities deemed non-compliant with Shariah law, such as alcohol, tobacco, gambling, conventional financial services, and pork-related products. Furthermore, the methodology applies financial screens to filter out companies with excessive levels of debt or those deriving significant income from interest-based sources, ensuring the portfolio aligns with key tenets of Islamic finance.

By physically replicating the index, the fund holds the underlying Shariah-compliant securities directly. This approach provides transparency and avoids the counterparty risk associated with synthetic structures. The resulting portfolio offers a broad-based allocation to the largest and most established companies in the United States, but with notable sector deviations from the conventional benchmark. Typically, the portfolio will have a significantly lower weight in the Financials sector and may exhibit higher concentrations in sectors like Information Technology, Health Care, and Energy, which tend to have a greater number of compliant companies. This unique composition can lead to different performance characteristics compared to a non-Shariah S&P 500 tracker.

This fund is particularly suitable for investors aiming to build a core, long-term portfolio that is both diversified across the U.S. economy and consistent with their ethical and religious values. As an accumulating fund, all dividends paid by the underlying companies are automatically reinvested back into the portfolio, fostering the potential for compounded growth over time. It provides a convenient, single-access point to a professionally screened universe of Shariah-compliant U.S. equities, making it an effective tool for values-based asset allocation.