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Shariah-Based ETF Arrives In U.S.: (HLAL)

TedTed
in The Bullpen
FYI: The world of faith-based exchange-traded funds in the U.S. got a new member of the congregation with Tuesday’s launch of the Wahed FTSE USA Shariah ETF (HLAL). The product’s sponsor is Wahed Invest LLC, a Shariah-compliant robo-advisor in New York City.

According to Wahed’s website, Shariah-compliant investing, or halal investing is a subset of socially responsible investing. The company says its portfolios are based on modern portfolio theory and are screened to cater to Islamic and socially responsible investors. That includes both stocks and sukuks, which are Islamic bonds structured to avoid the Islamic prohibition on interest.
Regards,
Ted
https://www.fa-mag.com/news/shariah-based-etf-arrives-in-u-s-50598.html?print

M* Snapshot HLAL:
https://www.morningstar.com/etfs/xnas/hlal/quote
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