Wahed Wahed Dow Jones Islamic World ETF

Halal Investing in British Columbia

UMMA is one of the few single-ticker routes to Shariah-compliant international equity: roughly 100 non-US names from developed and emerging markets, loosely tracking the Dow Jones Islamic Market International Titans 100 with ESG data formally incorporated - Wahed markets it as the first US-listed Islamic ETF to do so. Net assets reached $285M in August 2026. The 0.65% expense ratio is the highest among major halal ETFs, the price of active international management. Nasdaq-listed since January 2022 with quarterly distributions.

UMMA is one of the few ways to get Shariah-compliant international equity in a single ETF, covering roughly 100 non-US names under the Dow Jones Islamic methodology with Wahed's Shariah Supervisory Board reviewing the fund on an ongoing basis and Shariyah Review Bureau as external advisor. Assets grew to $285M by August 2026. The costs are real: a 0.65% expense ratio - highest among the major halal ETFs - plus currency exposure on top of the USD listing, and a concentrated 100-name portfolio versus SPWO's ~500. Canadians absorb conversion costs and 15% dividend withholding in a TFSA, FHSA, or RESP. Best as the international complement to a US-focused core like HLAL or SPUS for investors who prefer Wahed's named-scholar governance.